Cookies management by TermsFeed Cookie Consent
Recent News

Press Releases

05-11-2024 15:26

Registered Unemployed: October 2024

The unemployed persons registered at the District Labour Offices on the last day of October 2024 reached 7.781 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for October 2024 decreased to 10.208 persons in comparison to 10.265 in the previous month (Table 1). 

In comparison with October 2023, a decrease of 1.451 persons or 15,7% was recorded, attributed mainly to the sectors of financial and insurance activities, construction, trade, manufacturing, as well as to the decrease recorded for newcomers in the labour market (Table 2).

 

Table 1

Month and Year

Registered Unemployed – Actual Data

Registered Unemployed – Seasonally Adjusted Data

2024

 

 

October

7.781

10.208

September

8.142

10.265

August

12.079

10.697

July

11.877

10.711

June

10.112

10.848

May

8.159

10.781

April

9.343

11.049

March

12.277

11.285

February

14.304

11.445

January

14.699

11.650

2023

 

 

December

13.670

11.750

November

12.662

11.882

October

9.232

12.000

September

9.693

12.197

August

13.256

12.351

July

13.187

12.605

June

11.747

12.769

May

10.357

13.127

April

11.284

13.127

March

14.197

13.329

February

16.597

13.547

January

16.758

13.580

2022

 

 

December

16.132

13.723

November

15.309

13.841

October

11.183

13.733

September

11.610

13.740

 

Table 2

Nace Rev.2

Economic Activity

Registered Unemployed(actual data)

October2023

September2024

October2024

A

Agriculture, Forestry and Fishing

68

65

45

B

Mining and Quarrying

10

8

8

C

Manufacturing

654

527

537

D

Electricity, Gas, Steam and Air Conditioning Supply

7

3

3

E

Water Supply, Sewerage, Waste Management and Remediation Activities

33

26

24

F

Construction

740

534

532

G

Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles

1.670

1.482

1.521

H

Transportation and Storage

317

268

260

I

Accommodation and Food Service Activities

1.017

830

921

J

Information and Communication

403

451

423

K

Financial and Insurance Activities

925

466

443

L

Real Estate Activities

93

89

91

M

Professional, Scientific and Technical Activities

828

723

728

N

Administrative and Support Service Activities

342

331

320

O

Public Administration and Defense, Compulsory Social Security

507

758

544

P

Education

349

489

325

Q

Human Health and Social Work Activities

260

254

255

R

Arts, Entertainment and Recreation

154

166

158

S

Other Service Activities

217

191

188

T

Activities of Households

16

14

10

U

Activities of Extra-territorial Organizations and Bodies

12

6

6

 

Newcomers

610

461

439

 

Total

9.232

8.142

7.781

 

Methodological Information

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 a job. 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. 

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. 

Methodological Changes 

According to information provided by the Department of Labour, from Tuesday, 15 June 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 settlement may affect the comparison of the monthly unemployment data recorded through this procedure with the data recorded from the previous procedures. 

Classification System 

Registered unemployed by economic activity are published based on the Statistical Classification of Economic Activities in the European Community, Rev. 2 (NACE Rev.2). 

For more information, visit CYSTAT Portal, subtheme Labour Market, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information or contact Mr Christophoros Michaelides at 22602154 or via email cmichaelides@cystat.mof.gov.cy or Ms Maria Hadjiprokopi at 22602146 or via email mhadjiprokopi@cystat.mof.gov.cy. 

The data included in the Predefined Tables in Excel format are available up to December 2021. Data from January 2022 onwards are available only in the CYSTAT-DB Online Database. 

(GS/AS)