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Unemployment Rate in Cyprus Sees Significant Annual Decline.

Nicosia: The number of unemployed persons registered at the District Labour Offices on the last day of November 2024 has decreased by 12.4%, as reported by the Statistical Service on Wednesday.

According to Cyprus News Agency, the number of unemployed individuals in November reached 11,087. When adjusted for seasonal variations, the number of registered unemployed for November 2024 was 10,375, remaining consistent with the previous month’s figures.

Compared to November 2023, there was a reduction of 1,575 persons, equating to a 12.4% decrease. This decline was largely seen in sectors such as financial and insurance activities, accommodation and food service activities, construction, and trade. Additionally, there was a noted reduction in the number of newcomers entering the labour market.