The unemployment rate in Cyprus edged slightly higher in February 2015 compared to January 2015 and was 16,3% compared to 16,2%.

According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 11.3% in February 2015, down from 11.4% in January 2015  , and from 11.8% in February 2014. This is the lowest rate recorded in the euro area since May 2012.

The EU28 unemployment rate was 9.8% in February 2015, down from 9.9% in January 2015 and from 10.5% in February 2014. This is the lowest rate recorded in the EU28 since September 2011.

Among the Member States, the lowest unemployment rates in February 2015 were recorded in Germany (4.8%) and Austria (5.3%), and the highest in Greece (26.0% in December 2014) and Spain (23.2%).

Compared with a year ago, the unemployment rate in February 2015 fell in twenty-two Member States and increased in six Member States. The largest decreases were registered in Estonia (8.4% to 6.2% between January 2014 and January 2015), Ireland (12.1% to 9.9%) and Bulgaria (12.3% to 10.2%). The largest increases were registered in Croatia (17.3% to 18.5%), Cyprus (15.6% to 16.3%) and Finland (8.4% to 9.1%).

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