Cyprus unemployment rate in May 2019 decreased by 23%

09 Jun 2019

On an annual basis, the number of unemployed in May 2019 decreased by 23%, with 17.607 registered unemployed persons, compared to 22.839 in the same period last year. 

According to the Statistical Service, compared to the previous month, the number of unemployment decreased by 2,708 persons or 13.3%. 

Based on the seasonally adjusted data showing the unemployment rate, the number of registered unemployed in May 2019 decreased to 22,336 persons, compared to 22,851 in the previous month. 

Finally, on an annual basis, the decrease is mainly attributable to the following sectors: 
• Trade: decrease of 1,097 persons 
• Provision of accommodation & food services: decrease of 584 persons 
• Construction: decrease of 576 persons 
• Public Administration: decrease of 533 persons 
• Processing Industry: decrease of 380 persons 
• Occupational, Scientific and Technical activities: reduction of 150 persons 
• New entrants to the labor market: reduction of 1,607 persons