Press Releases

The unemployed persons, registered at the District Labour Offices on the last day of February 2022, reached 15.364 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for February 2022 increased to 14.087 persons in comparison to 13.883 in the previous month. (Table 1)

In comparison with February 2021, a decrease of 17.425 persons or 53,1% was recorded, attributed mainly to the sectors of trade (a decrease of 3.699), accommodation and food service activities (a decrease of 3.067), construction (a decrease of 1.233), manufacturing (a decrease of 1.205), professional, scientific and technical activities (a decrease of 886), transportation and storage (a decrease of 880), as well as to the decrease of 1.518 persons recorded as newcomers in the labour market. (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 include self-employed or persons who seek part-time employment nor 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 a readjustment of the applied model was implemented.

Classification System

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

For more information:

CYSTAT Portal, subtheme Labour Market

CYSTAT-DB (OnlineDatabase)

PredefinedTables (Excel)

The Predefined Tables, available in Excel format, are updated up to and including December 2021. More recent data are published only on the CYSTAT-DB Online Database.

Contact

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

Maria Hadjiprokopi: Tel.: +35722602146, Email: mhadjiprokopi@cystat.mof.gov.cy

(MG/IK)