Independent Balkan News Agency

Cyprus' unemployment in December 2017 drops 14,5% yoy

Cyprus' unemployment in December 2017 drops 14,5% yoy
The unemployed persons, registered at the District Labour Offices on the last day of December 2017, reached 35.771 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for December 2017 decreased to 30.972 persons in comparison to 31.366 in the previous month.

In comparison with December 2016, a decrease of 6.081 persons or 14,5% was recorded which was mainly observed in the sectors of construction (a decrease of 1.230 unemployed persons), trade (a decrease of 1.089), public administration (a decrease of 766), financial and insurance activities (a decrease of 559), manufacturing (a decrease of 576) and to newcomers in the labour market (a decrease of 630)./IBNA

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