Job­less rate edges up to 16.1%, Q3-Q4 un­changed

Financial Mirror (Cyprus) - - FRONT PAGE -

The rate of un­em­ploy­ment for the whole of last year av­er­aged at 16.1%, marginally up from 15.9% for 2013, while in the fourth quar­ter it was 16%, un­changed from Q3, and up from 15.4% in Q2, ac­cord­ing to the sta­tis­ti­cal ser­vice Cy­s­tat.

The Labour Force Sur­vey for the fourth quar­ter of 2014 showed that the num­ber of em­ployed per­sons reached 368,772 (186,871 men and 181,901 women), up from 366,307 in Q3, and the num­ber of un­em­ployed was 70,267 (37,941 men and 32,326 women), up from 69,895 in Q3.

Un­em­ploy­ment among men was still higher at 16.9% (Q3: 16.8%) than for women at 15.1% (Q3: 15.2%).

Also the un­em­ploy­ment rate for young per­sons aged 15-24 was marginally up at 33.7% from 33.4% in Q3, but lower than the cor­re­spond­ing quar­ter of 2013 (39.4%).

The em­ploy­ment rate for per­sons aged 20-64 was 68.4% (males 71.9% and fe­males 65.2%) record­ing an in­crease from the pre­vi­ous quar­ter of 2014 (67.9%) and the cor­re­spond­ing quar­ter of 2013 (67.0%).

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