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.
The national graduate tracking mechanism in Cyprus’s higher education aims to enhance graduates’ employability by aligning education with the job market. Through monitoring graduates’ career trajectories and predicting future skill needs, this initiative informs lifelong learning strategies and adapts educational programs to meet evolving demands.
In November 2023, Cyprus saw a significant reduction in unemployment, with registered unemployed individuals decreasing to 11,808, indicating a strengthening job market in sectors such as accommodation, catering, trade, construction, and financial services. This reflects a 17.3 percent drop from the previous year, highlighting positive economic trends and potential future developments.
