Registered unemployed continue downward trend in January

The number of registered unemployed continued its downward trend in January both on a monthly and an annual basis, official data posted on Monday by the Cyprus Statistical Service show.

According to the data unemployed people, registered at the District Labour Offices on the last day of January 2018, reached 35,989 persons.

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for January 2018 fell to 29,812 people compared to 30,591 in the previous month. It is noted that the figure of registered unemployed had reached in December its lowest point in six years.

Compared to January 2017, a drop of 6,850 persons or 16% was recorded.

This was observed mainly in public administration with a drop of 1,546 unemployed, construction, with a drop of 1,122, trade with a drop of 1,109, manufacturing, a drop of 618, financial and insurance activities with a drop of 556 and to newcomers in the labour market with a decrease of 743 people.

Source: Cyprus News Agency