articles | 04 January 2018

December 2017 jobless number falls to post crisis low

The number of registered unemployed dropped an annual 15% in December 2017, by 6,081 to 35,771, the lowest December rate since 2011, the statistical service said

The number of jobless registered at the district labour offices fell 16%, or by 5,996, to a seasonally adjusted 30,972, the lowest December value since 2010, Cystat said in a statement on its website.

Last month’s drop in the number of unemployed, which reached an all-time high in February 2014 with 53,204, was mainly on a reduction of those seeking employment in the construction sector by1,230 compared to December 2016, Cystat said. The number of jobless in trade fell by 1,089, 766 in public administration, 599 in financial services and 576 in manufacturing, Cystat said. The number of newcomers fell by 630.

Thursday’s figures do not include a reference to the unemployment rate which stood in October at 10.2%, against 13.1% in October 2016, according to Eurostat’s latest press release.

Source: Cyprus Mail

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