economic recovery

job market economic recovery

Cyprus Unemployment Decreases in April 2024

In April 2024, Cyprus experienced a significant 17.2% decrease in unemployment rates, marking a positive turn in the job market. Key sectors like construction, manufacturing, and tourism showed resilience, indicating a strengthening economy and growing stability in Cyprus.

employment labor market

Unemployment Rate Drops by 13.5 Percent in March 2024

The unemployment rate in Cyprus dropped by 13.5 percent in March 2024, a positive shift attributed to growth in sectors like finance, construction, and tourism, along with government efforts in education and vocational training. The total number of jobless individuals decreased to 12,277, marking a significant improvement in the labor market’s outlook and signaling potential economic recovery.

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