Home / Business / Local Business / Registered unemployed drop 12.3% yoy in July 2017

Registered unemployed drop 12.3% yoy in July 2017

The number of registered unemployed dropped a significant 12.3% year-on-year in July 2017 according to data from the Cyprus Statistical Service.

The unemployed persons, registered at the District Labour Offices on the last day of July 2017, reached 31,670 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for July 2017 decreased to 33,423 persons in comparison to 33,649 in the previous month.

In comparison with July 2016, a decrease of 4,442 persons or 12.3% was recorded which was mainly observed in the sectors of construction (a decrease of 1,103 unemployed persons), public administration (a decrease of 1,006), trade (a decrease of 725), manufacturing (a decrease of 488) and financial and insurance activities (a decrease of 327).

Related stories:

Check Also

Unemployment rate drops to 10.6% in Q2

The number of people out of work in the second quarter of 2017 was 10.6% …

European Commission team looking at Larnaca Port concerns

The EP Committee on Petitions (PETI) is conducting a fact-finding mission in Larnaca between Wednesday …