Cyprus Mail
Business

Unemployment up 31.7 per cent y-o-y

Unemployment rose 31.7 per cent year-on-year in July, reaching 48,001 people, the statistical service said on Monday.

Compared with July 2012, there has been an increase of 11,549 or 31.7 per cent.

Increases were mainly recorded in the sectors of trade, 2,690 people, construction, 1,558, education, 1,448, manufacturing, 1,211, and accommodation and food services, 676.

There has also been a rise in the number of jobless newcomers – 1,459 – the service said.

Meanwhile, the number of unemployed people under the age of 25 years of age reached 5,540 in July.

However, the largest number of jobless was observed among those aged between 30 and 30 –11,401 — according to the service.

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

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

Almost 7,000 jobless people said they have been without a job for over a year.

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