Cyprus unemployment at record high, 23.1% for U-25s

Cyprus recorded one of the highest increases in unemployment among EU member states, together with Spain and Greece, from November 2010 to November 2011, according to Eurostat figures published on Friday.
Cyprus unemployment in November 2011 stood at 9.1% in relation to 6% in November 2010, just below the EU average of 9.8%.
Unemployment in young people under 25 also increased in Cyprus from 15.3% in September 2010 to 23.1% in September 2011. The EU average stood at 22.3% in November, up 1.3 percentage points from November 2010 (21%).
Men and women were equally hit by unemployment in Cyprus with unemployment in men recorded at 9.2% and in women at 9.1% in November 2011.
The corresponding period of last year saw unemployment in men at 5.7% and in women at 6.4%. EU average unemployment in men in November 2011 was 9.7% and in women 10% seeing a marginal increase from November 2010 when unemployment in men stood at 9.5% and in women at 9.7%.