The number of unemployed persons in August declined to the lowest level of nearly 12 years according to data released today by the Statistical Service of Cyprus (Cystat).
According to Cystat, unemployed persons registered at the District Labour Offices on the last day of August 2021 amounted to 16,281 persons.
Based on seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for August 2021 decreased to 19,669 persons in comparison to 21,613 in the previous month.
The August reading in real terms is the lowest since June 2009 when jobless people were at 16,740, while in seasonally adjusted terms the number of unemployed persons in August 2021 was the lowest since September 2009.
The annual reduction is 17,368 persons or 51.6%. This is mainly attributed to the sectors of accommodation and food service activities (a decrease of 6,122), trade (a decrease of 2,977), manufacturing (a decrease of 1,031), transportation and storage (a decrease of 936), financial and insurance activities (a decrease of 758), as well as to the decrease of 752 persons recorded as newcomers in the labour market, Cystat added.
Source: Knews
