S Cyprus Unemployment drops by 10.6 Per Cent in January
The number of registered unemployed individuals in South Cyprus decreased in January 2025, remaining close to the historic lows recorded in recent months.
According to the latest report released by the state statistical service, which is based on data from the district labour offices, the number of registered unemployed at the end of January 2025 stood at 13,147 people.
Seasonally adjusted figures, which reflect the unemployment trend, show that the number of registered unemployed dropped to 10,447 in January 2025, compared to 10,511 in December 2024.
The decline is mainly attributed to reductions in the financial and insurance sectors, accommodation and food services, professional, scientific and technical activities, construction, and a decrease in the number of newcomers to the labour market.
It is worth noting that, based on the latest seasonally adjusted figures from Eurostat, Cyprus’ unemployment rate in December 2024 stood at 4.5 per cent, showing no change from November, and a decrease from 5.5 per cent in December 2023.
Source: Cyprus Mail
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