Unemployment at 17% in October, says Eurostat

Unemployment in Cyprus was 17% in October, up from 16.8% in September, data released on Friday by Eurostat shows.

In absolute numbers 75,000 people were registered as unemployed, in Cyprus, in October.

According to the data in the euro zone the average unemployment rate in October stood at 12.1%, recording a slight drop from September (12.2%) while the average percentage remained unchanged as regards the EU in its entirety at 10.9%.

In Cyprus, unemployment in men was recorded at 17.3%, in women at 16.6% and in young people under the age of 25 at 43.3% or 18,000 people.

Average unemployment in the euro zone in men stood at 12%, in women at 12.2% and in young people under 25 at 24.4%