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Registered unemployed drop to lowest level since February 2012

The number of registered unemployed has decreased for the sixth month in a row, retreating to its lowest percentage since February 2012 according to data announced by the Cyprus Statistical Service.

The unemployed persons, registered at the District Labour Offices on the last day of May 2017, reached 29,922 persons.

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for May 2017 decreased to 34,281 persons in comparison to 34,903 in the previous month.

In comparison with May 2016, a decrease of 4,125 persons or 12.1% was recorded which was mainly observed in the sectors of public administration (a decrease of 1,299 unemployed persons), construction (a decrease of 1,238), trade (a decrease of 636), manufacturing (a decrease of 518) and transportation (a decrease of 190).

The largest number of unemployed persons was recorded in retail trade and those new to the labour market.

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