The Seasonally adjusted unemployment in Cyprus reached 3.9% in November 2008, recording the third best unemployment rate in the EU after the Netherlands (3.7%) and Austria (3.8%), according to figures released today by Eurostat, the EU's statistical service.
Compared to November 2007, Cyprus unemployment in November recorded a minor increase by 0.1% to 3.9%, a figure unchanged compared to October 2008.
Women's Unemployment in November was 4.4%, compared to 4.5% in October, while Men's unemployment rose by 0.1% to 3.4% compared to October 2008. Unemployment in youth (under 25 years) stood at 9.6% (September ‘08 figures).
According to Eurostat, average unemployment in the Euroarea increased by 0.1% to 7.8 compared to 7.7% in October 2008 while in the EU 27 unemployment reached 7.2% compared to 7.1%.
In absolute numbers, the November total number of unemployment in the EU was 17.4 million people, of which 12.2 million people are from states of the Euro area. Compared to August 2008, total unemployment rose by 1.13 million, of which 1.05 comes from the Euroarea.
Source: Financial Mirror
