Unemployment rose again to double digits for Cyprus in May

124

In total, the unemployed reached 47,000 people.

Unemployment rose again to double digits for Cyprus in May 2020, reaching 10.2% from 8.9% last April, with 9.7% for men and 10.8% for women. .

The latest available youth unemployment rate is 13.4% for March 2020 (5,000 people).

At the same time for May 2020, the seasonally adjusted unemployment rate in the euro area was 7.4%, from 7.3% in April 2020. 

The EU’s unemployment rate was 6.7% in May 2020, up from 6.6% in April 2020. 

These data were published today by Eurostat, the European Union’s Statistical Office. Eurostat estimates that 14,366 million men and women in the EU, of which 12,146 million in the euro area, were unemployed in May 2020. Compared to April 2020, the number of unemployed increased by 253,000 in the EU and by 159,000 in EU euro area.

In May 2020, 2,815 million young people (under 25) were unemployed in the EU, of which 2,267 million were in the euro area. In May 2020, the youth unemployment rate was 15.7% in the EU and 16.0% in the euro area, up from 15.4% and 15.7% respectively in the previous month. Compared to April 2020, youth unemployment rose by 64,000 in the EU and by 42,000 in the euro area.

For Greece, the last available overall unemployment rate is 14.4% for March 2020 (654,000 people) from 15.9% in February 2020 (733,000 people), and 32.4% for youth unemployment (67,000). individuals).

In May 2020, the unemployment rate for women was 7.2% in the EU, up from 6.9% in April 2020. The unemployment rate for men was 6.4% in May 2020, stable compared to April In the euro area, the unemployment rate for women rose from 7.7% in April 2020 to 7.9% in May 2020 while remaining stable at 7.0% for men.

Source: ET