The unemployment rate rose to 14,1% for January 2017 in Cyprus, unchanged from December 2016. This figure corresponds to 61.000 unemployed (14% men and 14,3% women), of whom 13.000 were below 25 years old (or 32,8% in December 2016).
Meanwhile, in the euro area (EA19), the seasonally adjusted unemployment rate was 9,6% in January 2017, stable compared to December 2016 and below 10,4% in January 2016. It remains, and the lowest rate recorded in the euro area since May 2009.
The unemployment rate in the 28-nation EU was 8,1% in January 2017 (compared to 8,2% in December 2016 and 8,9% in January 2016). This is the lowest rate recorded in the EU-28 since January 2009. Eurostat estimates that 19,969 million men and women in the EU-28, of which 15,620 million in the euro area, were unemployed in January 2017. Compared to In December 2016, the number of unemployed decreased by 96 000 in the EU of 28 and by 56 000 in the euro area. Compared to January 2016, unemployment fell by 1.733.000 in the 28-nation EU and by 1.101.000 in the euro area.
Among the Member States, the lowest unemployment rates in January 2017 were recorded in the Czech Republic (3,4%) and Germany (3,8%). The highest unemployment rates are observed in Greece (23,0% in November 2016) and Spain (18,2%).
Compared to a year ago, the unemployment rate fell in twenty-five Member States, while it increased in Cyprus (from 13,1% to 14,1%), Italy (from 11,6% to 11,9%) and Denmark (from 6,0% to 6,2%).
The largest reductions were recorded in Croatia (from 14,8% to 11,3%), Spain (from 20,6% to 18,2%), Hungary (from 6,2% to 4,3% between December 2015). and December 2016), Portugal (from 12,1% to 10,2%), Slovakia (from 10,4% to 8,6%) and Ireland (from 8,5% to 6,7%) .
In January 2017, the unemployment rate in the United States was 4,8%, compared to 4,7% in December 2016, down from 4,9% in January 2016.
In January 2017, 4.017.000 young people (under 25) were unemployed in the 28-nation EU, of which 2.826.000 in the euro area. Compared to January 2016, youth unemployment fell by 357 000 in the EU-28 and by 198 000 in the euro area.
In January 2017, the youth unemployment rate was 17,7% in the EU of 28 and 20,0% in the euro area, the lowest rate was observed in Germany (6,5%) and the highest was recorded in Greece (45,7, 2016% in November 42,2), followed by Spain (37,9%) and Italy (XNUMX%).
Source: SigmaLive