Last quarter’s unemployment rate is the lowest since 2012 when it hit double digits for the first time, Cystat said in a statement on its website. The number of unemployed in the third quarter was 42,526.
The unemployment rate among youths was 23.9% in June to September, down from 30.1% a year before, Cystat said. The unemployment rate among men was 9.5% and 10.5% among women, down from 12.5% and 13.4% respectively.
The number of people with a job rose in the third quarter to 384,516, from 367,395 in the respective period of 2016, Cystat said. The employment rate rose to 55.7%, from 53.9% respectively.
The number of persons out of job for more than 12 months was 18,425, in the third quarter, down from 24,562 a year before, and made up 43% of all job seekers, Cystat said.
Source: Cyprus Mail