Unemployment unchanged at 12.1% in August 2016 in Cyprus, 10.1% in Euro Area, 8.6% in EU28

The seasonally-adjusted unemployment rate in Cyprus remained stable at 12.1% in August 2016, according to a flash estimate by Eurostat, ranking 4th largest in the EU, but also deescalating at the second fastest pace (from 14.7% in August 2015 to 12.1%). The rate was 12.4% in May, dropped to 12.2% in June and 12.1% in July (51,000 individuals).

The same rate for the Euro Area was 10.1% in August 2016, stable compared to July 2016 and down from 10.7% in August 2015. This remains the lowest rate recorded in the Euro Area since July 2011.

The EU28 unemployment rate was 8.6% in August 2016, stable compared to July 2016 and down from 9.3% in August 2015. This remains the lowest rate recorded in the EU28 since March 2009.

These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that 20.973 million men and women .

Source: Cyprus News Agency.