Cyprus Records EU’s Largest Unemployment Annual Fall, Data Reveals

Yet more positive news from Cyprus as the unemployment on the island has dropped from 10.5 percent in August 2017 to 7.5 percent in August 2018.

More specifically, the unemployment among men fell to 7.0 percent while women saw their rate falling to 7.9 percent.

Thus Cyprus registers, once again, as having the largest annual decrease in unemployment for August 2018, according to Eurostat‘s data, the statistical office of the European Union.

Meanwhile, the euro area (EA19) seasonally-adjusted unemployment rate was 8.1 percent in August 2018, down from 8.2 percent in July 2018 and from 9.0 percent in August 2017.

This is the lowest rate recorded in the EA19 since November 2008.

The EU28 unemployment rate was even lower, at 6.8 percent in August 2018, stable compared with July 2018 and down from 7.5 percent in August 2017.

With information from C.N.A.