Jobless rate seen at 11% in November

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Jobless rate seen at 11% in November
 © BusinessMail 2018
By Stelios Orphanides

The unemployment rate fell to 11 per cent in November from 13.1 per cent in November 2016 but rose from 10.5 per cent in October last year, the European Commission’s statistical office said.

The unemployment rate on the island was together with that of Italy the third-highest in both the European Union and the euro area in November, Eurostat said in a statement on its website. The average jobless rate in the EU was 7.3 per cent and in the euro area 8.7 per cent, down from 7.4 per cent and 8.8 per cent in October.

The seasonally adjust number of unemployed...


Jobless rate seen at 11% in November


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