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Cyprus unemployment hits 10% in March

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Cyprus unemployment hits 10% in March

Unemployment in Cyprus was 10% in March 2012, compared to 9,8% in February, according to figures released on Wednesday by Eurostat.
Unemployment in the euro area was 10.9% in March 2012, compared to 10.8% in February and 9.9% in March 2011.

In the EU27 the unemployment rate was 10.2% in March 2012, which remains stable compared to February.
Eurostat estimates that 24.772 million men and women in the EU27, of whom 17.365 million were in the euro area, were unemployed in March 2012.

Compared with February 2012, the number of persons unemployed increased by 193. 000 in the EU27 and by 169.000 in the euro area.
Compared with March 2011, unemployment rose by 2.123 million in the EU27 and by 1.732 million in the euro area.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.0%), the Netherlands (5.0%), Luxembourg (5.2%) and Germany (5.6%), and the highest in Spain (24.1%) and Greece (21.7% in January 2012).
The highest increases were registered in Greece (14.7% to 21.7% between January 2011 and January 2012), Spain (20.8% to 24.1%) and Cyprus (6.9% to 10.0%).