CLOSE
Loading...
12° Nicosia,
21 April, 2025
 
Home  /  News

Unemployment drops in August 2023

Annual and monthly declines reported as key sectors contribute to reduction

Source: CNA

The number of registered unemployed persons decreased in August 2023, both on an annual and monthly basis, according to data released on Tuesday by the Statistical Service of Cyprus.

Based on seasonally adjusted data, which reflect the unemployment trend, a decrease of 1,705 persons or 11.4% was recorded compared to August 2022. This reduction can be primarily attributed to the sectors of trade, accommodation and food services, administrative and support service activities, and construction, as well as a decrease in newcomers to the labor market.

In August 2023, the number of registered unemployed persons decreased by 1.23% to 12,881 people compared to 13,042 the previous month, based on seasonally adjusted figures.

According to data maintained by the District Labor Offices, the number of registered unemployed persons at the end of August 2023 reached 13,256.

TAGS
Cyprus  |  unemployment  |  labor  |  economy

News: Latest Articles

Photos of Finikoudes Beach by Phillipos Christou and a village in snowy Troodos

From summer hotspot to all-year hub

Pancyprian Hotel Association President urges innovation and perseverance to keep Cyprus competitive in a fast-changing tourism ...
Newsroom
 |  NEWS
Akamas for sale?

Akamas for sale?

Rampant illegal development, political blind spots, and a culture of impunity are threatening Cyprus’s most protected natural ...
Newsroom
 |  NEWS
X