CYPRUS: Unemployment up annually by 31.7% in July

Unemployed persons, registered at the District Labour Offices on the last day of July 2013, reached 48.001 persons.

Based on the seasonally adjusted data showing the trend of unemployment, the number of registered unemployed for July 2013 increased to 48,112 persons in comparison to 47,594 in the previous month.

In comparison with July 2012, an increase of 11,549 persons or 31.7% was recorded.

This was mainly observed in the sectors of trade (an increase of 2,690 unemployed persons), construction (an increase of 1,558), education (an increase of 1,448), manufacturing (an increase of 1,211), accommodation and food service activities (an increase of 676), as well as on newcomers in the labour market where an increase of 1,459 unemployed persons was recorded.

At the same time Statistical Service data show that unemployed young people under 25 years of age were 5,540 in July.

The greatest number of unemployed, 11,401 people, is recorded in the age range between 30 and 39.

Women constitute just over half of the unemployed workforce at 24,742.

Data show that 18,085 of unemployed have competed secondary education while 15,473 have completed higher education.

Of a total of 48,001 unemployed, 17,881 say they have been without work for a period between 15 days and 3 months, 9,711 between 3 and 6 months and 9,831 between 6 months and a year.