Unemployment on the Decline in Greece and Cyprus



According to data released by Eurostat on Friday, Cyprus has recorded the largest annual decrease of unemployment anywhere in the EU — and Greece came in second in that regard.

Unemployment in Cyprus fell further in January, 2019, to 7.4 percent, down from the 10.1 percent which was seen exactly one year earlier.

The latest Eurostat figures for Greek unemployment are from November of 2018, when the rate was 18.5 percent. These figures were a decrease from the level of 21.1 percent, seen one year prior.

According to Eurostat, Greece still has the largest unemployment levels in the EU, at 18.5 percent. Spain comes in second, at 14.1 percent, and Italy third, with 10.5 unemployment.

Compared to the rates a year ago, unemployment rates fell in all EU member states except Denmark and Malta, where it remained stable.

In January, 2019, a total of 3.375 million young EU citizens under the age of 25 were unemployed, with the highest rates being recorded in the nations of Greece, Italy and Spain.

With information from C.N.A.