articles | 28 November 2016

Q2 2016 unemployment figures in Cyprus

The 27.7% of all persons in Cyprus who were unemployed in the first quarter of 2016, found a job in the second quarter of the year, according to Eurostat.

This constitutes an increase from same quarter last year (21.1%), but is still below the 2011 levels (31.8%), where the EU has returned at median rate. 

Out of all persons in the European Union (EU) who were unemployed in the first quarter 2016, 63.2% (12.6 million persons) remained unemployed in the second quarter 2016, while 19.5% (3.9 million) moved into employment and 17.3% (3.5 million) towards economic inactivity. 

Economically inactive individuals are those neither employed nor unemployed.

Examples are students, pensioners and housewives or -men, provided that they are not working at all and not available or looking for work either.

Of all those initially in employment, 97.3% (170.8 million persons) remained in employment, while 1.2% (2.0 million) of those employed in the first quarter 2016 were observed to be unemployed in the second quarter 2016, and 1.6% (2.7 million) transitioned into economic inactivity.

Of all those initially in economic inactivity, 93.3% (106.1 million persons) remained in inactivity, while 6.7% entered the labour market: 3.1% (3.6 million) of those inactive in the first quarter 2016 moved into employment in the second quarter 2016, and 3.6% (4.1 million) transitionedinto unemployment.

Source: Famagusta Gazette

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