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ECONOMY

Unemployment Decreased By 25% In July Compared With July 2021

Unemployment Decreased By 25% In July Compared With July 2021

Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021. According to data published by the Statistical Service on Wednesday, the unemployed persons, registered at the District Labour Offices on the last day of July 2022, reached 14,145 persons, down from 18,950 registered in July 2021.

The decrease is mainly attributed to the sectors of accommodation and food service activities, where a decrease of 1,275 persons was recorded, trade, was down by 1,219, manufacturing by 314, construction by 271, transportation and storage dropped by 271 persons, while the decrease of 427 persons recorded in newcomers to the labour market.

In comparison to June 2022, registered unemployed persons increased by 1,813 in July. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for July 2022 increased to 14,128 persons in comparison to 13,724 in the previous month.

Source: CNA

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