Unemployment in Cyprus at 15.1% in September 

Unemployment in Cyprus at 15.1% in September 

Nicosia, October 30, 2015/Independent Balkan News Agency

Unemployment in Cyprus fell at 15.1% in September 2015, according to data released Friday by Eurostat. The total number of unemployed persons in Cyprus was 64,000.

Unemployment in Cyprus declined slightly compared with June, July and August 2015, months during which it remained stable at 15.2%. Unemployment in September 2014 stood at 16.3%. Unemployment among young people under 25 fell to 32.6% compared with 35.1% last September.

The Cyprus recorded the fourth highest unemployment rate in the EU28 in September, after Greece (25%), Spain (21.6%) and Croatia (15.4%). The lowest unemployment rates were recorded in Germany (4.5%), Czech Republic (4.8%) and Malta (5.1%).

The euro area (EA19) unemployment rate was 10.8% in September 2015, down from 10.9% in August 2015, and from 11.5% in September 2014. This is the lowest rate recorded in the euro area since January 2012. The EU28 unemployment rate was 9.3% in September 2015, down from 9.4% in August 2015, and from 10.1% in September 2014.

This is the lowest rate recorded in the EU28 since September 2009. Eurostat estimates that 22.631 million men and women in the EU28, of whom 17.323 million were in the euro area, were unemployed in September 2015. Compared with August 2015, the number of persons unemployed decreased by 147 000 in the EU28 and by 131 000 in the euro area. Compared with September 2014, unemployment fell by 1.832 million in the EU28 and by 1.194 million in the euro area.

Source: CNA