Unemployment in Cyprus falls to 7.6% in December, all time low 6.2% in the EU

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The euro area (EA19) seasonally-adjusted unemployment rate was 7.4% in December 2019, down from 7.5% in November 2019 and from 7.8% in December 2018 and this the lowest rate recorded in the euro area since May 2008, according to data released today by Eurostat the statistical service of the EU.

In Cyprus the unemployment rate fell to 7.6% (34 000 individuals, 6.4% for men and 9.0% for women) in December 2019, from 7.7% in November (or 35 000 individuals), while a year earlier the same rate was 7.4% (32 000 individuals).

Furthermore, the EU28 unemployment rate was 6.2% in December 2019, down from 6.3% in November 2019 and from 6.6% in December 2018. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Source : www.cna.org.cy