The seasonally adjusted unemployment rate was estimated at 14.2% in Cyprus in November 2016, up from 13.8% in October, according to Eurostat. This corresponds to 61,000 persons unemployed, 14% male and 14.4% female, a report from the EU’s statistical organisation showed on Monday.
This is the third highest rate in the EU, Eurostat reported.
Meanwhile, the euro area (EA19) seasonally adjusted unemployment rate was 9.8% in November 2016, stable compared to October 2016 and down from 10.5% in November 2015. This is the lowest rate recorded in the euro area since July 2009.
The EU28 unemployment rate was 8.3% in November 2016, down from 8.4% in October 2016 and from 9.0% in November 2015. This is the lowest rate recorded in the EU28 since February 2009.
Eurostat has estimated that 20.429 million men and women in the EU28, of whom 15.898 million were in the euro area, were unemployed in November 2016. Compared with October 2016, the number of persons unemployed decreased by 41 000 in the EU28 and by 15 000 in the euro area. Compared with November 2015, unemployment fell by 1.552 million in the EU28 and by 972 000 in the euro area.
Among the member states, the lowest unemployment rates in November 2016 were recorded in the Czech Republic (3.7%) and Germany (4.1%). The highest unemployment rates were observed in Greece (23.1% in September 2016) and Spain (19.2%). Compared with a year ago, the unemployment rate in November 2016 fell in twenty-four Member States, while it increased in Estonia (from 6.3% to 7.4% between October 2015 and October 2016), Cyprus (from 13.2% to 14.2%), Denmark (from 6.1% to 6.5%) and Italy (from 11.5% to 11.9%). The largest decrease was registered in Croatia (from 15.7% to 11.4%).
Source: CNA
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