Unemployment remains stable in Cyprus at 16,0%

Unemployment remains stable in Cyprus at 16,0%

The unemployment rate in Cyprus in May 2015 remained stable at 16,0%, compared to April 2015.

The euro area seasonally-adjusted unemployment rate was 11.1% in May 2015, stable compared with April 2015, and down from 11.6% in May 2014. This is the lowest rate recorded in the euro area since March 2012.

The EU28 unemployment rate was 9.6% in May 2015, also stable compared with April 2015 and down from 10.3% in May 2014. This is the lowest rate recorded in the EU28 since July 2011. These figures are published by Eurostat, the statistical office of the European Union.

Among the Member States, the lowest unemployment rate in May 2015 was recorded in Germany (4.7%), and the highest in Greece (25.6% in March 2015) and Spain (22.5%). Compared with a year ago, the unemployment rate in May 2015 fell in twenty-two Member States, increased in five and remained stable in Cyprus. The largest decreases were registered in Lithuania (11.0% to 8.2%), Spain (24.7% to 22.5%) and Ireland (11.7% to 9.8%). The increases were registered in Belgium (8.4% to 8.6%), France (10.1% to 10.3%), Romania (6.8% to 7.1%), Austria (5.6% to 6.0%) and Finland (8.6% to 9.4%).
CNA/EK/ΜΜ/2015
ENDS, CYPRUS NEWS AGENCY