Wednesday, June 4, 2008

Cyprus unemployment 4th lowest in EU

Cyprus has the fourth-lowest unemployment rate in the EU, according to Eurostat. Figures for April show the rate at 4.4% whereas in the Eurozone, average unemployment stood at 7.1%.

The lowest rate was in the Netherlands with 3.3%, followed by Denmark with 3.4%, Ireland 4% and Cyprus 4.4%.

The highest levels were recorded in Poland with 11.2%, Slovakia 10.5%, France 8.6% and Greece 8.6%.
In Cyprus, the unemployment rate for men in April 2007 was 3.7%, women 5.3% and persons under 25 years of age 9.1%.

Eurostat estimates that 16.7 million men and women in the EU27, of which 10.6 million were in the euro area, were unemployed in April 2007. In April 2006, 18.7 million men and women in the EU27, of which 11.8 million were in the euro area, were unemployed.

Source: Eurostat