Unemployment in Cyprus at 8.4% in Q2 2021

The number of unemployed people in the second quarter of 2021 amounted to 39,224 and the unemployment rate to 8.4% of the labour force (males 7.5%, females 9.5%) in comparison to 30,451 persons (6.8%) in the corresponding quarter of 2020.

According to the results of the Labour Force Survey by the Statistical Service of Cyprus, the labour force in the 2nd quarter of 2021 amounted to 466,525 persons or 63.9% of the population (males 70.4%, females 57.9%) in comparison to 448,466 persons (62.2%) in the corresponding quarter of 2020.

The number of employed persons was 427,300 and the employment rate 58.5% (males 65.1%, females 52.4%) in comparison to 418,015 persons (58.0%) in the corresponding quarter of 2020.

For the age group 20-64, the employment rate was 75.2%. The rate for males was 81.9% and for females 69.0%. In the corresponding quarter of 2020, the rate was 75.2% (males 81.1%, females 69.6%). For the age group 55-64 the employment rate was 62.2% in comparison to 61.0% in the corresponding quarter of 2020.

According to the distribution of employment by sector, the biggest percentage of employed persons was in Services (78.5%), followed by Manufacturing (18.6%) and Agriculture (2.9%). For the 2nd quarter of 2020, the corresponding percentages were: Services 77.1%, Manufacturing 20.0% and Agriculture 2.9%.

The share of part-time employment to total employment was 11.4% or 48,505 persons (males 10.1%, females 12.8%). The corresponding rate for the 2nd quarter of 2020 was 10.7% (males 7.4%, females 14.4%).

88.1% or 376,440 of the total employed persons were employees, of which 13.1% (49,461 persons) had a temporary job. In the corresponding quarter of 2020 employees accounted for 86.6% of total employment of which 13.8% had a temporary job.

Source: Cyprus News Agency