Press Releases

The unemployed persons, registered at the District Labour Offices on the last day of May 2018, reached 22.839 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for May 2018 decreased to 27.268 persons in comparison to 27.742 in the previous month. (Table 1)

In comparison with May 2017, a decrease of 7.083 persons or 23,7% was recorded which was mainly observed in the sectors of trade (a decrease of 1.262 unemployed persons), construction (a decrease of 958), accommodation and food service activities (a decrease of 896), public administration (a decrease of 763), manufacturing (a decrease of 641), financial and insurance activities (a decrease of 347) and to newcomers in the labour market (a decrease of 917). (Table 2)

METHODOLOGICAL NOTES

Definitions

Registered Unemployed

The number of registered unemployed concerns the persons aged 15 years and over who apply at the District and Local Labour Offices of the Department of Labour to seek employment and are registered as unemployed. These persons have to be able and available for work and must be actively looking for one. The monthly number of registered unemployed concerns the persons who during the last day of the month have an active application for seeking employment.

The number of registered unemployed does not included self-employed or persons who seek part-time employment as well as persons who seek employment in certain areas or for a specific employer.

 Seasonally Adjusted data

Seasonal adjustment is a statistical technique that removes the seasonal component of a time series, making more visible the underlying trend in the change of a characteristic. CYSTAT uses the Demetra 2.04 software which was developed by Eurostat. Seasonally adjusted series are produced by the TRAMO&SEATS algorithm. It should be noted that due to seasonal adjustment the whole series with the monthly estimates is recalculated every time a new month is added in time series. As a result, estimations for the previous months are often revised.

Classification system

Registered unemployed by economic activity are published based on the classification system NACE Rev. 2.

Further information:

Eleni Christodoulidou: Tel: +35722602142, Email: echristodoulidou@cystat.mof.gov.cy

Christophoros Michaelides: Τel: +35722602154, Email: cmichaelides@cystat.mof.gov.cy

(MG)