Un­em­ploy­ment up in July

Financial Mirror (Cyprus) - - FRONT PAGE -

Un­em­ploy­ment was slightly higher and reached 16.3% in July com­pared to June (16.2%) but marginally lower than July 2014, when it reached 16.4%.

The euro area sea­son­ally-ad­justed un­em­ploy­ment rate was 10.9% in July, down from 11.1% in June, and from 11.6% in July 2014, ac­cord­ing to Euro­stat. This is the low­est rate recorded in the euro area since Fe­bru­ary 2012.

The EU28 un­em­ploy­ment rate was 9.5% in July, down from 9.6% in June, and from 10.2% in July 2014. This is the low­est rate recorded in the EU28 since June 2011.

Among EU mem­ber states, the low­est un­em­ploy­ment rates in July were recorded in Ger­many (4.7%), the Czech Re­pub­lic and Malta (both 5.1%), and the high­est in Greece (25.0% in May 2015) and Spain (22.2%).

Com­pared with a year ago, the un­em­ploy­ment rate in July fell in 23 mem­ber states, in­creased in three and re­mained sta­ble in Bel­gium and Ro­ma­nia. The largest de­creases were in Bulgaria (11.5% to 9.4%), Spain (24.3% to 22.2%), Greece (27.0% to 25.0% be­tween May 2014 and May 2015), Por­tu­gal (14.1% to 12.1%), Ire­land (11.3% to 9.5%) and Croa­tia (16.9% to 15.1%). The big­gest in­creases were reg­is­tered in Fin­land (8.7% to 9.7%), France (10.3% to 10.4%) and Aus­tria (5.7% to 5.8%).

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