Cyprus recorded a further decline in its unemployment rate in April 2025, according to data published by Eurostat this week.

The rate fell to 3.7 per cent, down from 4.1 per cent in March and 5.1 per cent in the same month last year. 

The number of unemployed people dropped to 19,000 in April, compared with 21,000 in March and 26,000 in April 2024. 

Across the euro area, the seasonally adjusted unemployment rate stood at 6.2 per cent in April 2025, slightly lower than 6.3 per cent in March and 6.4 per cent a year earlier.  

In the EU as a whole, the rate was 5.9 per cent, stable month-on-month, but marginally below the 6.0 per cent recorded in April 2024. 

Eurostat estimated that a total of 12.902 million people in the EU, of whom 10.680 million were in the euro area, were unemployed in April 2025.  

Compared with March 2025, unemployment declined by 188,000 in the EU and by 207,000 in the euro area.  

On an annual basis, the figures show a drop of 217,000 in the EU and 343,000 in the euro area. 

The report also provided figures on youth unemployment. In April 2025, an estimated 2.859 million people under the age of 25 were unemployed across the EU, including 2.272 million in the euro area.  

The youth unemployment rate fell to 14.8 per cent in the EU and to 14.4 per cent in the euro area, down from 15.0 and 14.8 per cent respectively in March. 

Month-on-month, youth unemployment declined by 57,000 in the EU and by 74,000 in the euro area.  

However, compared with April 2024, the number of unemployed young people increased by 19,000 in the EU, while in the euro area it dropped by 16,000. 

In Cyprus, the youth unemployment rate stood at 9.8 per cent based on the latest available figures for March 2025, marking a sharp decline from 15.4 per cent in April 2024.