The number of registered unemployed individuals in Cyprus decreased by 8.9% or 1,177 people on an annual basis by the end of August, resulting in a total of 12,079 unemployed individuals.
According to the Statistical Service, based on data from the District Labour Offices, the number of registered unemployed persons at the end of August 2024 stood at 12,079.
Considering the seasonally adjusted data, which indicates the unemployment trend, the number of registered unemployed in August 2024 was 11,197, remaining at the same level compared to the previous month.
Compared to August 2023, there was a decrease of 1,177 individuals or 8.9%, primarily attributed to the sectors of financial and insurance activities, construction, trade, and manufacturing, and a reduction in new entrants to the labour market.
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