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Cyprus

Huge number remained jobless in second quarter

File photo of the unemployment office

Around 67 per cent of people who were unemployed in Cyprus in the first quarter (Q1) of the year remained jobless in Q2, according to the European statistical service Eurostat, while 20.5 per cent found work.

Eurostat said 67.3 per cent of those out of work in Q1 remained without a job in Q2 while 12.2 per cent moved into economic inactivity.

The figures concern the percentage of unemployed persons between the ages of 15 and 74.

According to the statistical service, out of all persons in the

EU who were unemployed in Q1, 64.6 per cent, or 14.2mln, remained unemployed in Q2, while 18.6 per cent — 4.1mln — moved into employment and 16.8 per cent — 3.7mln — towards economic inactivity in Q2 2015.

Of all those initially in employment, 97.1 per cent, or 167.9mln, remained in employment, while 1.3 per cent, or 2.2mln, of those employed in Q1 were observed to be unemployed Q2, and 1.6 per cent, or 2.8mln transitioned into economic inactivity.

Eurostat said it was the first time quarterly labour market flows were published.

According to the service, the inactive population consists of all people who are classified neither as employed nor as unemployed.

It can include in particular students, pensioners and housewives or -men, for example, provided that they are not working at all and not available or looking for work either; some of these may be of working age.

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