SOCIAL LENS

Cyprus Unemployment Rate Holds at 4.2% in February

The country continues to record one of the lowest unemployment rates in the European Union.

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Cyprus maintained a stable unemployment rate in February 2026, according to data published by Eurostat. The rate remained unchanged from the previous month and stayed well below both the euro area and EU averages.

Cyprus labour market

  • Unemployment rate: 4.2% in February 2026, unchanged from January 2026.
  • Estimated unemployed: around 22,000 people.
  • February 2025 comparison: 4.5%, corresponding to approximately 23,000 unemployed.

Despite the marginal improvement over the past year, Cyprus continues to record an unemployment rate significantly lower than the EU and euro area averages.

Unemployment by sex

For February 2026 in Cyprus:

  • Men: 4.0% unemployment rate.
  • Women: 4.4% unemployment rate.

Both figures remained unchanged compared with the previous month.

Youth unemployment in Cyprus

The most recent available figures relate to December 2025.

  • Youth unemployment rate (under 25): 15.1%.
  • Estimated number of unemployed young people: around 5,000.

European Union overview

Across the European Union:

  • Unemployment rate: 5.9% in February 2026, stable compared with January.
  • Total unemployed: 13.118 million people.

In the euro area:

  • Unemployment rate: 6.2%, up from 6.1% in January 2026 and down from 6.3% in February 2025.
  • Total unemployed: 10.919 million people.

Monthly and annual changes

Compared with January 2026:

  • EU: unemployment increased by 137,000 people.
  • Euro area: unemployment increased by 93,000 people.

Compared with February 2025:

  • EU: unemployment decreased by 18,000 people.
  • Euro area: unemployment decreased by 124,000 people.

Youth unemployment in the EU

Eurostat estimates that in February 2026:

  • 2.957 million young people (under 25) were unemployed in the EU.
  • 2.373 million were unemployed in the euro area.

Youth unemployment rates:

  • EU: 15.3%, up from 15.2% in January.
  • Euro area: 14.9%, unchanged from the previous month.

Unemployment by sex in the EU

In February 2026:

  • EU women: 6.1%, up from 6.0% in January.
  • EU men: 5.7%, unchanged.

In the euro area:

  • Women: 6.4%.
  • Men: 6.0%.

Both figures remained stable compared with January.

Source: Eurostat.

Tags

#Eurostat #SOCIAL LENS #EUROPEAN UNION #UNEMPLOYMENT

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