Newsroom / CNA
Recent data, adjusted for seasonal variations, reveals that the number of registered unemployed individuals in June 2023 has hit its lowest level in the past 17 months.
According to the Statistical Service of Cyprus, which relies on data from the District Labour Offices, the number of registered unemployed individuals stood at 11,747 at the end of June 2023, marking the highest figure since April of the same year.
Nevertheless, when considering data that account for seasonal fluctuations, providing a clearer picture of unemployment trends, the number of registered unemployed individuals in June 2023 dropped to 13,177. This represents a decline from the previous month's figure of 13,241 and represents the lowest number of unemployed individuals since January 2022.
Compared to June 2022, the data from the District Labour Offices indicates a decrease of 585 individuals or 4.7%. This decline can primarily be attributed to sectors such as trade, accommodation and food services, construction, and public administration. Additionally, there has been a decrease in new entrants to the labour market.
