Job­less drops 9% yoy in June

Financial Mirror (Cyprus) - - FRONT PAGE -

The num­ber of reg­is­tered un­em­ployed per­sons de­clined to 40,876 in May, down 9.1% from a year ear­lier.

Ac­cord­ing to data re­leased by the sta­tis­ti­cal ser­vice Cy­s­tat, June saw the four­teenth con­sec­u­tive an­nual re­duc­tion of the un­em­ployed per­sons since May 2014 and the third largest from March this year (-9.36%) and May (9.35%). The num­ber of job­less peaked in Fe­bru­ary 2014 at 53,204 per­sons. The re­duc­tion is at­trib­uted mainly to hir­ings in con­struc­tion, fi­nan­cial and in­sur­ance, trade, man­u­fac­tur­ing, ed­u­ca­tion and to new­com­ers in the labour mar­ket.

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