The unemployment rate in Cyprus dropped to 12.9% in February, from a downward revised 13.1% in January and 13.4% in February last year, the European Union’s statistical office said.
Still, Cyprus had the third-highest unemployment rate after Greece and Spain with 23.1% and 18% respectively, Eurostat said in a statement on its website on Monday.
The number of unemployed in Cyprus in February was 56,000, Eurostat said. The unemployment rate among men was 11.7% and among women 14.2%. In December, for which the most recent figure on the youth unemployment was made available, the rate was 30.5%.
On March 2, Eurostat had reported that the unemployment rate in January was 14.1% with the number of people without a job estimated at 61,000.
Source: Cyprus Mail
