articles | 05 September 2016

Cyprus' August 2016 jobless figure drops 13%

The number of registered unemployed fell in August 2016 to 35,786 or 13% compared to the respective month of 2015 mainly on a drop in jobless in the construction sector, the statistical service said.

In August, the number of unemployed in construction droppedby 1,262 in a year while those in manufacturing, trade, hospitality and transport fell by 743, 694, 583 and 523 respectively, Cystat said. The number of jobless in transport and of newcomersin search for a job also fell by 497 and 733 respectively.

While the registered unemployed figures are not accompanied by an unemployment rate, Eurostat reported on Wednesday that the number of jobless in Cyprus as a percentage of the labour force dropped to 11.6% in July from 11.8% the month before.

Source: Cyprus Mail

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