Sharp annual drop in registered unemployed

October 4, 2018 at 2:28pm
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The number of registered unemployed dropped sharply in September by 23.4%, compared to the same month last year, the Statistical Service of Cyprus reported on Thursday.

According to Cystat the number of the unemployed registered at the District Labour Offices on the last day of September 2018, reached 21,399 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for September 2018 decreased to 25,258 persons in comparison to 25,694 in the previous month.

“In comparison with September 2017, a decrease of 6,552 persons or 23.4% was recorded which was mainly observed in the sectors of trade (a decrease of 1,270 unemployed persons), construction (a decrease of 813), accommodation and food service activities (a decrease of 729), manufacturing (a decrease of 708), public administration (a decrease of 580), transportation (a decrease of 257) and to newcomers in the labour market (a decrease of 1,550)” Cystat announced.

(Cyprus News Agency)