Finance minister confident unemployment will remain low
As the economy recovers, the government aims at keeping unemployment levels low to safeguard people’s revenues and roll out targeted policies including the introduction of...
unemployment
Coronavirus: Cypriots sick of online learning, struggling financially
Support for the government has dropped by almost half in the past year as more people in Cyprus report that they’ve lost their jobs permanently...
Cyprus’ February unemployment stable at 6.8 per cent
Unemployment in Cyprus in February 2021 was stable compared to January at 6.8 per cent (31,000 individuals, 7.6 per cent for males and 5.9 per...
Jobless numbers surge 32% year-on-year in December
Unemployment surged by 32 per cent between December 2019 and December 2020, according to data released Thursday by the Statistical Service. The number of persons...
No ‘dramatic’ increase in unemployment, minster says
Measures taken to support businesses hit by the pandemic have helped dampen rising unemployment, according to Labour Minister, Zeta Emilianidou. She also said the government...
One in five Cypriot firms expect permanent reductions in staff – EIB survey
One in five Cypriot firms (21 per cent) expect a permanent reduction in their staff levels because of the Covid-19 pandemic, with the figure rising...
November registered jobless up an annual 34.6 per cent
The number of registered unemployed on the last day of November 2020 rose an annual 34.6 per cent over the same month the previous year...
Support schemes averted drastic rise in unemployment, Emilianidou says
The package launched by the government to support employees and businesses amid the coronavirus pandemic has averted a drastic rise in unemployment, Minister of Labour,...
Unemployment recorded a 69.2 per cent increase in August
A large annual increase of unemployed people was noted in August, mainly attributed to tourist accommodation and restaurant workers. The amount of registered unemployed people...
New stimulus package could fall flat
Businesses balk at renewing job incentives, fear it would only delay, not stop likely layoffs By Kyriacos Iacovides UNCERTAINTY surrounds the latest package of measures...
Coronavirus: Pledge to support workers on Labour Day
The government’s aim is to ensure no one gets fired, Labour Minister Zeta Emilianidou said on Friday in a statement marking Labour Day on May...
Cyprus’ jobless rate rises to 6.7% in March from 5.8% in February
In March 2020, the month when Covid-19 containment measures began to be widely introduced by EU member states, the euro area seasonally-adjusted unemployment rate was...
Coronavirus: Economy expected to shrink by up to 10 per cent
The economy this year is expected to contract by up to almost 10 per cent, the finance ministry said on Monday, as the government was...
Coronavirus: Unemployment, mental health among the young’s main concerns (with video)
Young people in Cyprus, who only recently began seeing their prospects improve after the 2013 crisis, have cited unemployment and mental health as their main...
Unemployment drops 13.9 per cent
The number of jobless people dropped 13.9 per cent, or 4,131, year-on-year in February, to 25,620, the statistical service (Cystat) said on Thursday. Cystat said...
November unemployment figures the lowest in nearly 10 years
Unemployment figures are at the lowest level since February 2010, the statistical service announced on Wednesday. According to a press release, based on the seasonally...
Unemployment down to 7% in July
July this year saw a further decline of unemployment in Cyprus to 7 per cent (or 31,000 persons, down from 7.2 per cent (32,000 persons)...
The conundrum of no good jobs
By Sharon Lam If Western economies are at full employment, then why are people still hurting? That is the conundrum David Blanchflower lays out –...
Bad debts will fall to single digits, finance minister predicts
The government aims to reduce bad debts to single digits, Finance Minister Harris Georgiades said on Wednesday, as the cabinet approved the strategic fiscal policy...
Jobless rate falls to 7 per cent in March
Cyprus’ seasonally-adjusted unemployment rate was 7 per cent in March representing 31,000 people 6.9 per cent of whom were men and 7 per cent women. The...