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The largest annual unemployment drop in the EU registered in Cyprus

Unemployment rates in Cyprus further dropped to 8.2% (7.6% for males and 8.8% for females) in June 2018

  • August 10, 2018 20:30
  • Author Olya Georgieva
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Source: Pixabay

Cyprus registered again the largest annual unemployment drop in the EU. Unemployment rates in the country further dropped to 8.2%  (7.6% for males and 8.8% for females) or 35 000 individuals, in June 2018, from 8.3% in May 2018 and 11% or 47 000 individuals in June 2017, according to Eurostat. That was again the largest annual decrase, (Cyprus from 11.0% to 8.2%), followed by Portugal (from 9.1% to 6.7%), Croatia (from 11.1% to 9.2%), Estonia (from 6.8% to 4.9%) and Spain (from 17.0% to 15.2%). 

Compared with a year ago, the unemployment rate fell in all Member States. Among the Member States, the lowest unemployment rates in June 2018 were recorded in the Czech Republic (2.4%) and Germany (3.4%). The highest unemployment rates were observed in Greece (20.2% in April 2018) and Spain

Source: Cyprus News Agency

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