12° Nicosia,
29 January, 2020

Unemployment drops to 10.1% in Q4 2017

Part-time work accounted for 12.7% of total employment

Source: CNA

Unemployment dropped to 10.1% in the fourth quarter of 2017, compared to 12.8% in the same quarter of 2016, data released by the Cyprus Statistical Service on Friday showed.

The number of unemployed in the fourth quarter was 43,113 or 10.1% of the workforce. Among women, unemployment was 10.4% and for men slightly lower at 9.8%. In the fourth quarter of 2016 registered unemployed were 54,303 or 12.8% of the workforce.

Total labour force comprised 427,264 people or 61.5% of the population, 66.3% men and 57.2% women.

A total of 384,151 people was in employment and the employment rate stood at 55.3%, 59.4% for men and 51.6% for women, compared to 368,694 people or 53.9% in the same quarter of 2016.

The employment rate for people aged between 20 and 64 was 71.4%.

The employment rate for people aged 55 to 64 was 57.7% compared to 53.5% in the fourth quarter of 2016.

Services enjoyed the greater employment rate with 81.2%, followed by industry with 16.5% and agriculture with 2.3%.

Part-time employment accounted for 12.7% of total employment or 48,816 people, 9.2% men and 16.4% women.The corresponding percentage for the fourth quarter of 2016 was 14.6%, 12% men and 17.6% women.

A total of 333,555 or 86.8% of all people in employment were employees, 14.9% of those or 49,535 people was in temporary employment. 

Υouth unemployment for those aged 15 to 24 was 22.9% of the workforce. In the same quarter of the previous year, youth unemployment was 29.8%, 22.4% for men and 36% for women.

At the same time, 53.4% of total unemployed were looking for work for less than six months, 12.95% for a period between 6 and 11 months, while 33.7% were long-term unemployed. The corresponding percentages for the fourth quarter of 2016 were 39%, 16.2% and 44.8%.

The survey covers a sample of 3,800 households across Cyprus in both urban and rural areas.

Jobs  |  unemployment  |  economy  |  Cyprus

Business: Latest Articles

Sources say the two Italian companies are close to agreeing on the transaction of the 49 percent stake in EDA Thess

Italgas to enter Greek market

Italgas’ interest in EDA Thess is associated with its strategic planning for the full control of gas transmission networks ...
Kathimerini Greece Newsroom