02/07/2021 09:12
In May 2021, the euro area seasonally-adjusted unemployment rate was 7.9%, down from 8.1% in April 2021 and up from 7.5% in May 2020. The EU unemployment rate was 7.3% in May 2021, down from 7.4% in April 2021 and up from 6.9% in May 2020. These figures are published by Eurostat, the statistical office of the European Union.
For Cyprus, unemployment in May 2021 increased to 9.9% (45,000 individuals, 9.1% for males and 10.7 for females), up from 9.2% (42,000 individuals) in April 2021 and 7.8% in May 2020 (35,000 individuals).
Eurostat estimates that 15,278 million men and women in the EU, of whom 12,792 million in the euro area, were unemployed in May 2021. Compared with April 2021, the number of persons unemployed decreased by 382,000 in the EU and by 306,000 in the euro area. Compared with May 2020, unemployment rose by 949,000 in the EU and by 803 000 million in the euro area.
In May 2021, 2.979 million young persons (under 25) were unemployed in the EU, of whom 2,403 million were in the euro area. In May 2021, the youth unemployment rate was 17.3% in the EU and 17.5% in the euro area, down from 18.2% and 18.4% respectively in the previous month. Compared with April 2021, youth unemployment decreased by 174,000 in the EU and by 138,000 in the euro area. Compared with May 2020, youth unemployment increased by 119,000 in the EU and by 70,000 in the euro area. In Cyprus youth unemployment was 18.5% in March 2021 (7,000 individuals - latest available data).
In May 2021, the unemployment rate for women was 7.6% in the EU, down from 7.8% in April 2021. The unemployment rate for men was 7.0% in May 2021, down from 7.1% in April 2021. In the euro area, the unemployment rate for women decreased from 8.5% in April 2021 to 8.3% in May 2021 while the unemployment rate for men decreased from 7.8% in April 2021 to 7.6% in May 2021.