Economy category powered by

Registered unemployed down 11.4% in August

15:06 - 05 September 2023

Economy

The number of registered unemployed persons decreased in August 2023, both on an annual and monthly basis, according to CySTAT.

Based on seasonally adjusted data, which reflect the unemployment trend, a decrease of 1,705 persons or 11.4% was recorded compared to August 2022. This reduction can be primarily attributed to the sectors of trade, accommodation and food services, administrative and support service activities, construction, as well as a decrease in newcomers to the labour market.

In August 2023, the number of registered unemployed persons decreased by 1.23% to 12,881 people compared to 13,042 the previous month, based on seasonally adjusted figures.

According to data maintained by the District Labour Offices, the number of registered unemployed persons at the end of August 2023 reached 13,256.

News Feed

All News

Read More

Finance Ministry calls for restraint towards avoiding supplementary budgets
Exploration of blocks 2, 3, and 9 in Cyprus EEZ has ended, Energy Minister confirms
Energy Minister in Warsaw for EU meeting and Athens for Energy Summit
Card payments the most popular method of non cash payments, CBC says
Value and volume of retail trade record annual increase
Industrial output prices drop by 1.9% in 2024
Efforts to extend tourist season in 2025, Deputy Minister says
How international investors view Cyprus and the country's prospect for more FDI
Finance Ministry expresses satisfaction with ECB's 0.25% key interest rates cut
Cyprus awarded for "Best Worldwide Climb in the Top 50" at Startup Ecosystem Awards 2025