Cyprus: Unemployed increased by 28% in February yoy

Cyprus: Unemployed increased by 28% in February yoy

The unemployed persons, registered at the District Labour Offices on the last day of February 2021, reached 32.789 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for February 2021 increased to 29.872 persons in comparison to 29.819 in the previous month.

In comparison with February 2020, an increase of 7.169 persons or 28.0% was recorded, attributed mainly to the sector of trade (an increase of 1.917), construction (an increase of 1.083), manufacturing (an increase of 696), professional, scientific and technical activities (an increase of 683), education (an increase of 533) and to the newcomers in the labour market (an increase of 1.099).

It is noted that according to the information of the Department of Labour, the comparison of the data since March 2020 and onwards, with the data of the previous months is not considered safe. This is due to the implementation by the Public Employment Service of the extraordinary measures announced by the Ministry of Labour, Welfare and Social Insurance for automatic renewals of registered unemployed and new registrations of unemployed people without their physical presence in order to avoid the spread of coronavirus./ibna