The unemployment rate dropped to 7.3% in the second quarter from 10.7% in the previous one and 10.6% in the respective quarter of 2017, the statistical service said citing its labour force survey.
In the second quarter, the unemployment rate among men and women was 7.2% and 7.5% respectively, Cystat said in a statement on its website on Friday.
The unemployment rate among youth was 17.9% in the second quarter of 2018 compared to 25.3% a year before, Cystat said.
According to Cystat, the labour force rose by 8,255 persons in the second quarter to 434,191 in one year. The number of gainfully employed rose by 21,593 to 402,302.
Source: Cyprus Mail
