Insider Economy Unemployment in Cyprus further decreased to 6.9% in April 2019

Unemployment in Cyprus further decreased to 6.9% in April 2019

Unemployment in Cyprus further decreased to 6.9% in April 2019 (32 000 individuals), down from 7.2% in March 2019 (33 000) and 8.4% in April 2018 (36 000), according to Eurostat, the statistical office of the European Union. Female unemployment remains slightly higher at 7.9% compared to 6.0% for males.

Unemployment in Greece was 18.5% in February 2019 (872 000 individuals 14.8% for males and 23.3 for females), down from 18.6% in January 2019 (877 000) and 20.6% in February 2018 (971 000).

Meanwhile, the euro area (EA19) seasonally-adjusted unemployment rate was 7.6% in April 2019, down from 7.7% in March 2019 and from 8.4% in April 2018. This is the lowest rate recorded in the euro area since August 2008. The EU28 unemployment rate was 6.4% in April 2019, stable compared with March 2019 and down from 7.0% in April 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Eurostat estimates that 15.802 million men and women in the EU28, of whom 12.529 million in the euro area, were unemployed in April 2019. Compared with March 2019, the number of persons unemployed decreased by 108 000 in the EU28 and by 64 000 in the euro area. Compared with April 2018, unemployment fell by 1.394 million in the EU28 and by 1.147 million in the euro area.

Among the Member States, the lowest unemployment rates in April 2019 were recorded in Czechia (2.1%), Germany (3.2%) and the Netherlands (3.3%). The highest unemployment rates were observed in Greece (18.5% in February 2019), Spain (13.8%) and Italy (10.2%). Compared with a year ago, the unemployment rate fell in all Member States except Luxembourg and Poland where it remained stable while an increase was registered in Denmark (from 5.2% to 5.3%). The largest decreases were registered in Greece (from 20.6% to 18.5% between February 2018 and February 2019), Estonia (from 6.0% to 4.1% between March 2018 and March 2019) and Spain (from 15.6% to 13.8%). In April 2019, the unemployment rate in the United States was 3.6%, down from 3.8% in March 2019 and from 3.9% in April 2018.

In April 2019, 3.213 million young persons (under 25) were unemployed in the EU28, of whom 2.308 million were in the euro area. Compared with April 2018, youth unemployment decreased by 246 000 in the EU28 and by 151 000 in the euro area. In April 2019, the youth unemployment rate was 14.2% in the EU28 and 15.8% in the euro area, compared with 15.4% and 17.2% respectively in April 2018. In April 2019, the lowest rates were observed in Germany (5.3%) and the Netherlands (6.2%), while the highest were recorded in Greece (38.8% in February 2019), Spain (32.7%) and Italy (31.4%).

In Cyprus youth unemployment stood at 19.3% or 7 000 individuals for  Q4 of 2018, compared to 20.2% in April 2018 (8 000).
In Greece youth unemployment was 38.8% in February 2019 (91 000 individuals) down from 40.3% in April 2018 (99 000).

(Cyprus News Agency)

Top Stories

PM Mitsotakis: Greece-Egypt’s agreement on maritime zones a national success

Prime Minister Kyriakos Mitsotakis said on Friday that the agreement between Greece and Egypt for the delimitation of their maritime zones, reached on Thursday,...

Cyprus’ President calls on Cypriots to donate food for Lebanon

Cyprus' President Nicos Anastasiades has called on Cypriot citizens, companies and businesses to contribute by donating generously to the campaign for collecting specific kinds...

Cyprus rescue teams begin operations in Beirut

Cyprus rescue teams which are in Lebanon began their operations since 7 am on Friday, in cooperation with a team from Qatar in Beirut`s...

Toddler almost drowned in Paralimni

A 14-month-old girl almost drowned on Friday morning at Paralimni. According to police, it was around 8:30 am when the baby girl who resides in...

Municipalities in partial suspension of payments

The chairman of the Union of Municipalities Andreas Vyras, revealed the dire financial situation in which the municipalities find themselves due to reduced revenues...


Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...