Economy category powered by

Unemployment down 17.4% in October

11:29 - 07 November 2023

Economy

The number of registered unemployed people decreased by 17.4% in October, reflecting a drop of 1,951 people compared to October 2022.

According to Cystat, the end of October 2023 saw a total of 9,232 registered unemployed people, down from 11,183 in October last year.

These figures represent a positive trend in reducing unemployment, primarily attributed to sectors like commerce, accommodation services, and catering, as well as construction and public administration.

Based on seasonally adjusted data, the number of registered unemployed in October 2023 reached 11,747, compared to 11,897 the previous month and 13,695 in October 2022.

This marks a reduction of 1,951 individuals or 17.4%, with improvements seen particularly among newcomers to the job market.

News Feed

Read More

Marina Hadjimanolis meets with international shipping stakeholders in Hong Kong (pics)
Cyprus-Greece-Jordan sign water resources, education and investments MoU
WFTGA Board in Cyprus, meets with Tourism Deputy Minister
Cyprus-Greece Ministers discuss cooperation prospects on energy, digital transformation and health
Economic sentiment deteriorates in November
Petroleum products sales in Cyprus up by 3.5% in October
Finance Minister in Brussels for Cohesion Policy ministerial meeting
Volume of freight through EU ports dropped in 2023 in EU, increased slightly in Cyprus
Commission disburses €115m to Cyprus through Recovery and Resilience Facility
Cyprus is in line with fiscal recommendations, according to European Semester Autumn Package