Eurostat: Unemployment increases slightly in Cyprus on monthly basis, drops annually

07:46 - 05 March 2025

Economy Reporter

The unemployment rate in Cyprus increased slightly to 5.0% in January 2025 compared to the previous month, while it dropped compared to last year, according to figures published by Eurostat.

The seasonally-adjusted unemployment rate in Cyprus was lower than corresponding rates in the eurozone and the EU.

More specifically, in January 2025, unemployment in Cyprus stood at 5.0%, slightly increased compared to 4.9% in December 2024, and decreased compared to 5.3% in January 2024.

In the eurozone, unemployment in January was 6.2%, stable compared with December 2024 and down from 6.5% in January 2024.

The EU unemployment rate was 5.8% in January 2025, also stable compared with December 2024 and down from 6.1% in January 2024.

Eurostat estimates that 12.824 million persons in the EU, of whom 10.655 million in the eurozone, were unemployed in January 2025.

Compared with December 2024, unemployment decreased by 8 thousand people in the EU and by 42 thousand in the eurozone. Compared with January 2024, unemployment decreased by 510 thousand people in the EU and by 547 thousand in the eurozone.

In Cyprus, unemployment was estimated to affect 26 thousand people in January, increased by about a thousand people compared to December, and decreased by about a thousand people compared to January 2024.

(Source: CNA)

Eurostat: Unemployment increases slightly in Cyprus on monthly basis, drops annually

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