Inflation slows, unemployment rises

The annual inflation rate in January was 7.1%, continuing the deceleration path for the third consecutive month, while the number of unemployed rose 8.6%. January’s Consumer Price Index decreased by 1.42 points

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Skills shortage driving unemployment

Unemployment is rising, with stakeholders in the labour market saying there is a mismatch between vacancies and jobseeker skills, as employers cannot find qualified staff. A recent CyStat survey showed the number

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All eyes on U.S. CPI

By Craig Erlam Stock markets are tentatively higher in Asia Tuesday, while Europe and the US are poised for a similarly modest start to trade in what is the start of a

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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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