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Cyprus Unemployment in April Second Lowest in Euro Area
2008-06-05 11:16:20

Brussels, May 31 – The rate of unemployment in April in Cyprus reached 3.6%, remaining unchanged in comparison with March 2008. This is the third lowest rate in the EU and the second lowest in the Eurozone.

According to data released by Eurostat, the Euro area seasonally-adjusted unemployment rate stood at 7.1% in April 2008, unchanged compared with March. It was 7.5% in April 2007.

The EU27 unemployment rate was 6.7% in April 2008, also unchanged compared with March. It was 7.2% in April 2007.

Eurostat estimates that 16.047 million men and women in the EU27, of which 11.072 million in the Euro area, were unemployed in April 2008. Compared with March 2008, the number of persons unemployed increased by 16,000 and 60,000 respectively. Compared with April 2007, unemployment was down by 1.1 million in the EU27 and by 0.4 million in the Euro area.

Among the member states, the lowest unemployment rates were registered in Denmark (2.7%) and the Netherlands (2.8%), and the highest in Slovakia (10.0%) and Spain (9.6%).

Over the last year, twenty-four member states recorded a fall in their unemployment rate and three an increase. The largest falls were observed in Poland (10.1% to 7.7%), Bulgaria (7.3% to 5.5%) and Slovakia (11.4% to 10.0%), and the highest increases in Spain (8.1% to 9.6%) and Ireland (4.6% to 5.7%).

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