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The number of unemployed people in Cyprus saw a significant drop in January 2025, with official figures showing a 10.6% decrease compared to the same time last year.
According to data released by the Statistical Service on Wednesday, 13,147 people were registered as unemployed at the end of January, down from the previous year. The decline is largely attributed to improvements in key sectors, including finance and insurance, hospitality, professional services, and construction. A reduction in first-time job seekers also contributed to the drop.
When adjusted for seasonal trends, the number of unemployed individuals fell slightly to 10,447 in January, compared to 10,511 in December 2024. The data suggests a steady improvement in the job market as various industries continue to recover and grow.
*With information from CNA
