Unemployment rate rises but lower than 2016

The unemployment rate fell to 11% in November 2017 from 13.1% in November 2016 but rose from 10.5% in October 2017, said Eurostat.

Cyprus’ unemployment rate was the third-highest, with Italy’s, in both the European Union and the Eurozone in November, the Eurostat website said. The average jobless rate in the EU was 7.3% and in the Eurozone 8.7%, down from 7.4% and 8.8% respectively in October.

The seasonally adjust number of unemployed in November was 47,000 in Cyprus, compared to 45,000 in October and 55,000 in November 2016, Eurostat said. In November, the unemployment rate among male workers was 10.9% and 11.2% among females. The youth unemployment rate was 24.9% and related to September.

The highest unemployment rate in the EU was Greece’s at 20.5% followed by Spain’s 16.7%. The lowest was the Czech Republic’s 2.5% followed by that of Germany and Malta, both at 3.6%.

Source: Cyprus Mail