Cyprus unemployment rate increases in October

16:35 UNEMPLOYMENT in Cyprus rose from 7.9 per cent in September to 8.2 per cent in October according Eurostat’s latest data. The rate is marginally lower for men – 8.1 per cent, compared to 8.3 per cent for women.

More than one in five people under 25 (22.7 per cent) were unemployed in September.

This remains lower than the Euro area unemployment rate, which recorded a historic high of 10.3 per cent this month, up from 10.2 per cent in September.

Meanwhile, the EU27 unemployment rate was 9.8 per cent in October compared to 9.7 per cent in September.

Greece’s overall unemployment is more than double that of Cyprus, reaching 18.3 per cent in August, up from 17.7 per cent in July. The Greek unemployment rate for under 25s is 45.1 per cent.

Among the member states, the lowest unemployment rates were recorded in Austria (4.1 per cent), and Luxemburg (4,7 per cent), whereas the highest were recorded in Spain (22.8 per cent) and Greece (18,3 per cent). 

Eurostat estimates that the total number of unemployed in EU27 for September was 23.554 million, 16.294 million from the Euro area.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.