Cyprus unemployment rises to 5.1%

The seasonally-adjusted unemployment rate in Cyprus was lower than the European average at 5.1% in June, compared to 6.6% in the euro area and 6.0% in the EU, according to Eurostat. But

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Unemployment drops 58% on tourism hires

Cyprus registered unemployed dropped by an annual 58% in March, driven mainly by recruitment in the tourism and retail sectors, the statistical service (Cystat) said. In March, tourism, retail and wholesale trade

Unemployment dropped to 6.3% in Q4

Unemployment dropped to 6.3% in the fourth quarter of 2021 from 8% in the same period the year before as the economy recovers from COVID lockdowns, the Cyprus Statistical Service said. The

Cyprus unemployment below eurozone 7%

Compared to the year before, Cyprus saw a reduction in its annual unemployment rate, dropping to 6.4% in 2021, falling below the eurozone average of 7%. The country’s unemployment rate remained unchanged

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Cyprus unemployment falls to 6.6%

Those out of work reached 31,355 in Q3, 2021, with Cyprus’ unemployment rate dropping to 6.6% of the labour force (males 6.1%, females 7.2%), down from 37,234 (8.2%) in the same quarter

Cyprus July unemployment falls to 5.2%

Seasonally adjusted unemployment in Cyprus fell to 5.2% in July 2021, its lowest level since 2009, continuing a steady decline after having peaked in May at 10.5%, according to Eurostat. A year

Registered unemployed plunge 41.4%

In July, the number of registered unemployed in Cyprus decreased annually by over 13,000 (41.4%) to under 23,000, returning to pre-pandemic levels. This is mainly due to major employers in the accommodation