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Unemployment Rate Remains Stable in Cyprus

anergia22The Euro area unemployment rate fell to 10.4% in December 2015, down from 10.5% in November 2015, and from 11.4% in December 2014. This is the lowest rate recorded in the Euro area since September 2011, according to figures published today by Eurostat.
In Cyprus the unemployment rate remains stable at 15.7% in December, down from 16.5% in December 2014, placing 4th highest in EU28.
According to the same figures, EU28 unemployment rate was 9.0% in December 2015, stable compared to November 2015, and down from 9.9% in December 2014. This is the lowest rate recorded in the EU28 since June 2009.
Eurostat estimates that 21.944.000 men and women in the EU28, of whom 16.750.000 were in the Euro area, were unemployed in December 2015. Compared with November 2015, the number of persons unemployed decreased by 52 000 in the EU28 and by 49 000 in the Euro area.
(Source: CNA)

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