Unemployment reaches 17.1% in Cyprus in September

Unemployment reaches 17.1% in Cyprus in September

 

Review by Christos T. Panagopoulos –

Unemployment in Cyprus recorded a new high in September 2013, reaching 17.1% or 76,000 persons compared to 16.9% or 75,000 persons in August, according to data released today by Eurostat.

At the same time Cyprus recorded the highest increase among EU member states since September 2012, from 12.7% or 56,ooo persons to 17.1% or 76,000, which is the third highest percentage in EU following Greece’s 27.6% (July 2013) and Spain’s 26.6%.

The euro area (EA17) seasonally-adjusted unemployment rate was 12.2% in September 2013, stable compared with August. The EU28 unemployment rate was 11.0%, also stable compared with August. In both zones, rates have risen compared with September 2012, when they were 11.6% and 10.6% respectively.

Source: CNA