In April, unemployment decreased in Cyprus
The Statistical Service of Cyprus (Cystat) reported a significant reduction in the number of registered unemployed individuals in April 2024.
According to the report, by the end of April, the total number of registered unemployed decreased to 9,343 people. This reduction not only exceeds the indicators of previous months but also signifies a significant improvement compared to the previous year.
Taking into account seasonal fluctuations, unemployment rates decreased even further - from 11,182 people in March to 10,880 people in April.
Compared to the same period last year, the unemployment rate decreased by 17.2 percent (1,941 people).
Unemployment in the tourism and hospitality sector nearly halved: from 3,482 people in March to just 1,496 people in April.
Similarly, the construction sector showed active reduction in unemployment, from 663 people in March to 592 people in April. It is noted that the recovery of this sector is crucial and often serves as an indicator of broader economic recovery due to infrastructure development and housing projects.
Positive shifts are also observed in other sectors of the economy.
Author
These articles are created by our staff using AI assistants.
You may also be interested in:
- The President will hold a series of meetings on the foot-and-mouth disease situation and farmers’ demands
- Investigation into suspected terrorism case in Larnaca expands: new arrests and seizure of chemicals
- Larnaca steps up demolition of unsafe buildings after series of collapses
- Cyprus will send a cadet to the U.S. Naval Academy for the first time
- Sirens near the U.S. Embassy in Nicosia were part of a scheduled check
Comments