The unemployment rate in the last three months of 2017 fell to 10.1%, from 12.8% in the fourth quarter of 2016, the statistical service said citing its labour force survey.
The drop in the unemployment rate in the fourth quarter last year was on both a decrease in the number of jobless, to 43,113 from 54,303 in the respective three-month period of 2016, and an increase in the number of people in employment, to 384,141 from 368,694 respectively, Cystat said in a statement on its website on Friday.
The labour force increased in the last quarter of 2017, to 427,264 from 422,997 a year before, Cystat said.
In the last quarter of last year, the youth unemployment rate was 22.9% compared to 29.8% in October to December 2016, Cystat said. Among men, the jobless rate was 10.4% compared to 9.8% among women.
The unemployment rate in the third quarter of 2017 was 10.1%.
Source: Cyprus Mail
