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Unemployment drops by 9.7% in July on the GC side

Unemployment in the GC side dropped by 9,7% in July 2015, according to data released on Wednesday by the Statistical Service of Cyprus.

The unemployed persons, registered at the District Labour Offices on the last day of July 2015, reached 42.176 persons. Based on the seasonally adjusted data that shows the trend of unemployment, the number of registered unemployed for July 2015 decreased to 43.060 persons in comparison to 43.307 in the previous month.

In comparison with July 2014, a decrease of 4.551 persons or 9,7% was recorded which was mainly observed in the sectors of construction (a decrease of 1.265 unemployed persons), trade (a decrease of 943), manufacturing (a decrease of 863), financial and insurance activities (a decrease of 755), education (a decrease of 381) and to newcomers in the labour market (a decrease of 541).

unemployment-cyprusPhoto: Barbara Laborde

About Sophia Söderholm 2638 Articles
At the age of ten Sophia moved from Sweden in 1998 and has since lived in several locations around the world including Spain, and has been residing in North Cyprus for four years now. Her educational background is in marketing, hotel management and real estate, and she now works as a real estate agent and is editor in chief for New Cyprus Magazine. If you any questions for Sophia, please write to: sophia@newcyprusmagazine.com.