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The unemployed persons, registered at the District Labour Offices on the last day of March 2020, reached 26.353 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for March 2020 ıncreased to 21.668 persons in comparison to 20.989 in the previous month. (Table 1)

In comparison with March 2019, a decrease of 155 persons or 0,6% was recorded, attributed mainly to the sectors of public administration (a decrease of 405), construction (a decrease of 294), financial and insurance activities (a decrease of 282), trade (a decrease of 185), manufacturing (a decrease of 170), transportation and storage (a decrease of 88) and to newcomers in the labour market (a decrease of 620) as well as to the increase of 1.513 persons recorded in the sector of accommodation and food service activities. (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.

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. 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.

For further information visit Statistical Service (CYSTAT) website, subtheme Unemployment or contact Ms Eleni Christodoulidou: tel: +35722602142, email:echristodoulidou@cystat.mof.gov.cy or Mr George Αlex. Georgiou: tel: +35722602233, email: galgeorgiou@cystat.mof.gov.cy

(SCH/IK)