Unemployment stable at 15.7%
The Euro area unemployment rate fell to 10.4% in December, down from 10.5% in November, and from 11.4% in December 2014. This is the lowest rate recorded in the Euro area since September 2011, according to figures published today by Eurostat.
In Cyprus, the unemployment rate remained stable at 15.7% in December, down from 16.5% in December 2014, placing fourth highest in EU28.
According to the same figures, the EU28 unemployment rate was 9.0% in December, stable compared to November, and down from 9.9% in December 2014. This is the lowest rate recorded in the EU28 since June 2009.
In the same month 4,454,000 young persons (under 25) were unemployed in the EU28, of whom 3,057,000 in the euro area. In Cyprus the respective rate has fallen to 31.1% and remains stable through the laste quarter of 2015, lower compared to 34.3% last year.