CYPRUS: Registered unemployed continues to fall

The number of registered unemployed fell for the tenth consecutive month in September to the lowest level since March 2013, according to the Statistical Service Cystat.

The number of registered unemployed at the end of September was 38,365 compared to 40,988 in August and 43,017 in September last year.
Based on the seasonally adjusted data that shows the trend of unemployment, the number of registered unemployed for September decreased to 41,917 persons from 42,561 in the previous month and 46,799 in September 2014.
This is the lowest number of registered unemployed recorded since March 2013, when unemployment stood at 41,100.
Cystat data suggests that the number of unemployed people has been declining on a monthly basis since December 2014.
Compared to September 2014, a drop of 4,652 persons or 10.8% was recorded mainly in the construction sectors, trade, manufacturing, financial and insurance activities, education and in the number of newcomers in the labour market.
The largest number of unemployed by economic activity in September was in the wholesale and retail trade sector, followed by newcomers to the labour market. The majority are Greek Cypriots at 30,960, while there are 5,128 EU nationals, 2,084 people of other nationalities and 193 Turkish Cypriots.