Independent Balkan News Agency

Cyprus' unemployment in October drops 21,6% yoy

Cyprus' unemployment in October drops 21,6% yoy
The number of unemployed persons, registered at the District Labour Offices on the last day of October 2017, reached 26.436.

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for October 2017 decreased to 31.228 persons, compared to 32.036 persons in the previous month.

In comparison with October 2016, a decrease of 7.270 persons or 21,6% was recorded, which was mainly observed in the sectors of construction (a decrease of 1.332 unemployed persons), trade (a decrease of 1.286), public administration (a decrease of 973), accommodation and food service activities (a decrease of 771), financial and insurance activities (a decrease of 625), manufacturing (a decrease of 620) and to newcomers in the labour market (a decrease of 686)./IBNA

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