Cyprus unemployment climbs for 21st straight month

Unemployment in Cyprus continued its relentless climb in May, rising by 5,425 or 35.8% compared with May 2009, having risen by 34.3% in April.
The annual increase was mainly recorded in the sectors of construction (an increase of 976), wholesale and retail trade (944), public administration (858), manufacturing (545), hotels and restaurants (495), real estate and business activities (443), as well as newcomers in the labour market where an increase of 451 was recorded.
The total number of registered unemployed was 20,583 persons.
According to the Statistical Service, on a seasonally adjusted basis, unemployment rose by 3.2% compared with the previous month.
According to the most recent Labour Force Survey, which includes not only the registered unemployed but all those seeking work, the unemployment rate in the fourth quarter of 2009 was 6%.