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Unemployment rate, Source: Pixabay

The largest annual unemployment drop in the EU registered in Cyprus

The largest annual unemployment drop in the EU registered in Cyprus

Unemployment rates in Cyprus further dropped to 8.2% (7.6% for males and 8.8% for females) in June 2018

Cyprus registered again the largest annual unemployment drop in the EU. Unemployment rates in the country further dropped to 8.2%  (7.6% for males and 8.8% for females) or 35 000 individuals, in June 2018, from 8.3% in May 2018 and 11% or 47 000 individuals in June 2017, according to Eurostat. That was again the largest annual decrase, (Cyprus from 11.0% to 8.2%), followed by Portugal (from 9.1% to 6.7%), Croatia (from 11.1% to 9.2%), Estonia (from 6.8% to 4.9%) and Spain (from 17.0% to 15.2%). 

Compared with a year ago, the unemployment rate fell in all Member States. Among the Member States, the lowest unemployment rates in June 2018 were recorded in the Czech Republic (2.4%) and Germany (3.4%). The highest unemployment rates were observed in Greece (20.2% in April 2018) and Spain

Source: Cyprus News Agency

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