Home / Business / Local Business / Unemployment rate drops to 11.6% in April 2017

Unemployment rate drops to 11.6% in April 2017

The seasonally- adjusted unemployment rate in Cyprus dropped to 11.6% in April 2017, down from 12.3% in March and 12.9% in April 2016. This figure corresponds to 3,000 fewer unemployed persons, (50 000 instead of 53 000 in March).

The euro area (EA19) seasonally-adjusted unemployment rate was 9.3% in April 2017, down from 9.4% in March 2017 and 10.2% in April 2016. This is the lowest rate recorded in the euro area since March 2009. The EU28 unemployment rate was 7.8% in April 2017, down from 7.9% in March 2017 and from 8.7% in April 2016. This is the lowest rate recorded in the EU28 since December 2008.

Eurostat estimates that 19.1 million men and women in the EU28, of whom 15.0 million in the euro area, were unemployed in April 2017.

Compared with March 2017, the number of persons unemployed decreased by 253,000 in the EU28 and by 233,000 in the euro area. Compared with April 2016, unemployment fell by 2.2 million in the EU28 and by 1.5 million in the euro area. Among the Member States, the lowest unemployment rates in April 2017 were recorded in the Czech Republic (3.2%), Germany (3.9%) and Malta (4.1%).

Τhe highest unemployment rates were observed in Greece (23.2% in February 2017) and Spain (17.8%). Compared with a year ago, the unemployment rate in April 2017 fell in twenty-seven Member States and remained stable in Finland. The largest decreases were registered in Croatia (from 13.7% to 11.0%), Spain (from 20.4% to 17.8%) and Ireland (from 8.4% to 6.4%).

Check Also

Unemployment rate drops to 10.6% in Q2

The number of people out of work in the second quarter of 2017 was 10.6% …

European Commission team looking at Larnaca Port concerns

The EP Committee on Petitions (PETI) is conducting a fact-finding mission in Larnaca between Wednesday …