By Stelios Orphanides
Cyprus’s unemployment rate dropped in September to a seasonally adjusted 10.3 per cent, from 10.6 per cent in August and 13 per cent in the same month last year, the European statistical office said.
The number of people out of work dropped to 44,000 last month, from 45,000 in August and 55,000 the previous year, Eurostat said in a statement on its website. Still, Cyprus’s unemployment rate remains the EU’s fifth highest, just below Croatia’s 10.5 per cent and above France’s 9.7 per cent.
The average jobless rate in the euro area was 8.9 per cent while that in the EU was 7.5 per cent last month, Eurostat said. The highest unemployment rate was Greece’s 21 per cent, followed by Spain and Italy with 16.7 per cent and 11.1 per cent respectively. The lowest was in the Czech Republic with 2.7 per cent followed by Germany and Malta with 3.6 per cent and 4.1 per cent.
The unemployment rate among youth was 25.5 per cent in September, as much as it was in August, and down from 29.8 per cent in September last year, Eurostat said. Among males, the jobless rate was 9.5 per cent in September and among females 11.2 per cent.