Unemployment edges slightly higher in Cyprus in February

Unemployment edges slightly higher in Cyprus in February

The unemployment rate in Cyprus edged slightly higher in February 2015 compared to January 2015 and was 16,3% compared to 16,2%.

According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 11.3% in February 2015, down from 11.4% in January 2015 , and from 11.8% in February 2014. This is the lowest rate recorded in the euro area since May 2012.

The EU28 unemployment rate was 9.8% in February 2015, down from 9.9% in January 2015 and from 10.5% in February 2014. This is the lowest rate recorded in the EU28 since September 2011.

Among the Member States, the lowest unemployment rates in February 2015 were recorded in Germany (4.8%) and Austria (5.3%), and the highest in Greece (26.0% in December 2014) and Spain (23.2%).

Compared with a year ago, the unemployment rate in February 2015 fell in twenty-two Member States and increased in six Member States. The largest decreases were registered in Estonia (8.4% to 6.2% between January 2014 and January 2015), Ireland (12.1% to 9.9%) and Bulgaria (12.3% to 10.2%). The largest increases were registered in Croatia (17.3% to 18.5%), Cyprus (15.6% to 16.3%) and Finland (8.4% to 9.1%).
CNA/EK/MM/2015
ENDS, CYPRUS NEWS AGENCY