In July, the jobless rate was 15.7%, Eurostat said.

It dropped to 15.4% in August or 67,000 people, compared with 72,000 or 16.6% in August 2013.

Unemployment among men was 16.9% and women 13.9%, the service said.

The jobless rate among youths – under 25 – was 37.1% in June, or 16,000 people.

The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in August 2014, stable compared with July 2014, but down from 12.0% in August 2013.

The EU28 unemployment rate was 10.1% in August 2014, the lowest value since February 2012. The rate was down from 10.2% in July 2014, and from 10.8% in August 2013.

Eurostat estimates that 24.6 million men and women in the EU28 –18.3 million in the euro area — were unemployed in August 2014. Compared with July 2014, the number of unemployed people decreased by 134,000 in the EU28 and by 137,000 in the euro area.

Compared with August 2013, unemployment fell by 1.7 million in the EU28 and by 834, 000 in the euro area.

Source: Cyprus Mail