Cyprus unemployment reaches 3.8% in September

According to Eurostat, the Statistical Service of the European Communities, the unemployment rate in Cyprus in September (3.8%) recorded a slight increase in comparison to August (3.7%).

Cyprus recorded the fourth best performance in the EU area.

Unemployment rate among women in Cyprus was 4.6% in September (Eurozone 8.2%) and among men 3.2% (Eurozone 6.9%).

Youth unemployment in Cyprus (under 25) reached in September 9.7% (Eurozone 15.3%).

The Euro area (EU15) seasonally-adjusted unemployment rate stood at 7.5% in September 2008, stable compared with August. It was 7.3% in September 2007.

The EU27 unemployment rate was 7.0% in September 2008, compared with 6.9% in August. It was 7.0% in September 2007.

Eurostat estimates that 16.710 million men and women in the EU27, of which 11.691 million were in the Euro area, were unemployed in September 2008.

Compared with August 2008, the number of persons unemployed increased by 32.000 in the EU27 and by 52 000 in the Euro area. Compared with September 2007, unemployment went up by 132.000 in the EU27 and by 507.000 in the Euro area.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (2.5%) and Denmark (2.9%), and the highest in Spain (11.9%) and Slovakia (10.0%).

Compared with a year ago, seventeen Member States recorded a fall in their unemployment rate, nine an increase and one remained stable.

The largest falls were observed in Poland (9.0% to 6.5%) and Austria (4.5% to 3.2%), and the highest increases in Spain (8.3% to 11.9%) and Ireland (4.6% to 6.6%).