Registered unemployed record annual drop of 16.7% in December

Registered unemployed dropped by 16.7% in December 2018 on an annual basis, according to seasonally adjusted data released by the Statistical Service, on Friday.

Unemployed people registered at the District Labour Offices on the last day of December 2018, reached 29,800, a press release on the Statistical Services website says.

Based on seasonally adjusted data which show the trend of unemployment, the number of registered unemployed for December 2018 dropped to 23,929 persons compared to 24,589 in the previous month, it adds.

Compared to December 2017, a drop of 5,971 people or 16.7% was recorded which was mainly observed in the sectors of trade with a drop of 1,193 unemployed, public administration with a decrease of 1,137 andaccommodation and food service activities with a drop of 794.

Other sectors which recorded a drop in unemployed people were manufacturing with a decrease of 607, construction with a drop of 529, education with a decrease of 189 and the category of newcomers in the labour market with a decrease of 1,521.

Source: Cyprus News Agency