Skip to main content
Cyprus Annual unemployment down by 2.7% in July

Home Featured

Cyprus Annual unemployment down by 2.7% in July

Annual unemployment recorded a drop of 2.7% in July 2014 compared to the same month in 2013, data released by the Statistical Service, on Tuesday, show.

At the end of July there were 46,727 people registered unemployed with District Labour Offices.

Based on seasonally adjusted data which show the trend of unemployment, the number of registered unemployed for July 2014 stood at 47,891 people compared to 47,492 in June.

Compared to July 2013, unemployment fell by 1,274 persons or 2.7% mainly in trade (a drop of 1,500 unemployed), construction (a drop of 1,179), education (a drop of 826), manufacturing (a drop of 497) and professional, scientific and technical activities (a drop of 372).

It is further noted that during the same period unemployment rose in financial and insurance activities (up by 1,011 unemployed), public administration (up by 595) and newcomers in the labour market (up by 1,238).