Unemployment rate at 14.3% in December 2016 - Cyprus Profile

Articles | 31 January 2017

Unemployment rate at 14.3% in December 2016

The unemployment rate rose for a second consecutive month in December 2016 to 14.3% from 14.2% in November and 13.1% compared to December 2015, the European Union’s statistical office said.

The number of unemployed in December rose thus to 62,000 last month from 54,000 in December 2015 and remained unchanged compared to November, Eurostat said in a statement on its website on Tuesday. The youth unemployment rate was last month 32.8% while among men and women it was 14.1% and 14.5%.

The euro area’s unemployment rate fell last month to 9.6% from 9.7% in November and 10.5% in December 2015, Eurostat said. In the EU, the percentage of people out of job remained unchanged at 8.2% in December compared to the month before and fell from 9% a year before.

Greece’s unemployment rate was the highest with 23% followed by Spain’s 18.4% and Cyprus, Eurostat said. The lowest rates last month were in the Czech Republic, Germany and Malta with 3.5%, 3.9% and 4.5% respectively.

The unemployment rate rose last month also in Italy and Italy and dropped in 24 member states, with Croatia, Spain and Portugal reporting the largest decreases, Eurostat said.

Source: Cyprus Mail

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