Financial Mirror (Cyprus)

Cyprus jobless rises by 25% in March


Registered unemployed in Cyprus rose by 25% annually in March as the labour market was suffering from the prolonged effects of the coronaviru­s pandemic.

According to the Cyprus Statistica­l Service, unemployme­nt remained relatively stable in March compared with February, with jobless rising by 0.44% following a monthly rise of 1.41% in February.

Based on the seasonally adjusted data that shows the trend of unemployme­nt, the number of registered unemployed for March decreased to 29,676 compared to 29,907 in the previous month, marking a reduction of 0.8%.

Unemployed registered at District Labour Offices at the end of March reached 32,933, marking an increase of 25% or 6,580 persons, compared with March 2020.

The rise is attributed mainly to the sector of trade (an increase of 1,759), constructi­on ( +1,005), profession­al, scientific and technical activities (+571), manufactur­ing (+568), education (+469) and newcomers

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