Press Releases

The unemployed persons, registered at the District Labour Offices on the last day of August 2021, reached 16.281 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for August 2021 decreased to 19.669 persons in comparison to 21.613 in the previous month. (Table 1)

In comparison with August 2020, a decrease of 17.368 persons or 51,6% was recorded, attributed mainly to the sector of accommodation and food service activities (a decrease of 6.122), trade (a decrease of 2.977), manufacturing (a decrease of 1.031), transportation and storage (a decrease of 936), financial and insurance activities (a decrease of 758) and as well as to the decrease of 752 persons recorded as newcomers in the labour market. (Table 2)

Μethodological 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.

Recent Methodological Changes

According to information provided by the Department of Labour, from Tuesday June 15, 2021, the automatic renewal of registrations was terminated and the online platform of the Public Employment Service was activated to allow the registration of a new job application, its renewal, as well as a job vacancy registration. This new settlement may affect the comparison of the monthly unemployment data recorded through this new procedure with the data recorded from the previous procedures and which is evaluated by the Department of Labour.

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 JDemetra+ 2.2.2 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. In March 2020 there has also been a readjustment of the applied model.

Classification System

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

Further information:

Statistical Service (CYSTAT) Website, subtheme Unemployment

Contact:

Aristi Ioannidou: Tel: +35725270606, Email.: aioannidou@cystat.mof.gov.cy

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

(NG/ECHR)