Cyprus Mail

Unemployment slows in August

File photo of the unemployment office

Unemployment was down by 5.9 per cent in August compared to the same month last year, data released on Wednesday by the Cyprus Statistical Service showed.

The number of jobless people registered at the District Labour Offices by the end of August 2014, reached 45,583.

Based on the seasonally adjusted data which show the trend of unemployment, the number of registered unemployed for August 2014 increased to 47,865 persons compared to 47,826 in July.

Compared to August 2013, a drop of 2,868 in unemployed persons or 5.9 per cent was recorded, mainly in the sectors of trade  – a drop of 1,511 unemployed – construction 1,003, education 950,  manufacturing 520, professional, scientific and technical activities 340 and financial and insurance activities 339.

At the same time unemployment rose in the areas of public administration, which showed an increase of 670 unemployed, accommodation and food service activities showed an increase of 155 and newcomers in the labour market an increase of 1,011.

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