Cyprus Mail
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Cyprus unemployment flat, but jobless for 12 months or more jumps higher

Franklin Delano Roosevelt Memorial, Washington D.c.
Unemployment for those without a job for 12 months rose sharply.

Unemployment in Cyprus was little-changed in October, as government support for businesses continued for some sectors.

But there was a jump in the number of unemployed persons who have been jobless for more than twelve months. This number rose 48.51 percent, to 8,550 in October from 5.757 in September, showing that the opportunity to find a new job is scarce.

It’s also noteworthy that the education sector saw a substantial 13.4 per cent decrease in the number of unemployed persons – to 1,291 from 1,464.

There were 31,487 persons registered as unemployed in October, up 2.5 per cent from 30,718 in September, according to data released by the Cyprus Statistical Service on Wednesday.

In seasonally-adjusted terms, the number of registered unemployed was 38,477 in October, up 3.6 per cent from 37,126 in the previous month.

Only a few sectors saw a substantial increase in unemployment, while education actually saw a decline in jobless numbers.

The construction sector saw a 5.96 per cent increase in unemployment, up to 1,743 in October from 1,645 in September.

Manufacturing came next, with an increase of 4.4 per cent in persons unemployed to 1,992 from 1,908.

The wholesale and retail trades saw a 3.81 per cent increase in the number of unemployed to 6,051 in October from 5,829 in September.

Accommodation and food service activities saw a rise in unemployed persons of 2.6 per cent, to 7,602 from 7,409.

And the largest age group for the unemployed was for people aged from 30 to 39 – there were 8,882 jobless in this age group in October, a 1.88 per cent increase from 8,659 in September.

Unemployment came to more males than females October, with male unemployment up 3.8 per cent, to 13,416 in October from 12,921 in September.

Female unemployment rose 1.54  per cent to 18,071 in October from 17,797 in September.

Most of the unemployment occurred in Nicosia, where there 8,918 without jobs in October. Limassol came next, with 7695 out of a job this month. Ammochostos  followed with 5, 236, and Larnaka had 5,612. Pafos had the smallest number at 4,026.

 

 

 

 

 

 

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