Cyprus: August unemployment drops 23% yoy

Cyprus: August unemployment drops 23% yoy

The unemployed persons, registered at the District Labour Offices on the last day of August 2018, reached 23.866 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for August 2018 decreased to 25.418 persons, compared to 26.049 in the previous month.

In comparison with August 2017, a decrease of 7.137 persons or 23,0% was recorded, which was mainly observed in the sectors of trade (a decrease of 1.332 unemployed persons), construction (a decrease of 946), public administration (a decrease of 809), accommodation and food service activities (a decrease of 794), manufacturing (a decrease of 717), transportation (a decrease of 247) and to newcomers in the labour market (a decrease of 1.394)./IBNA