Press Releases

The unemployed persons, registered at the District Labour Offices on the last day of February 2021, reached 32.789 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for February 2021 increased to 29.872 persons in comparison to 29.819 in the previous month. (Table 1)

In comparison with February 2020, an increase of 7.169 persons or 28,0% was recorded, attributed mainly to the sector of trade (an increase of 1.917), construction (an increase of 1.083), manufacturing (an increase of 696), professional, scientific and technical activities (an increase of 683), education (an increase of 533) and to the newcomers in the labour market (an increase of 1.099). (Table 2)

It is noted that according to the information of the Department of Labour, the comparison of the data since March 2020 and onwards, with the data of the previous months is not considered safe. This is due to the implementation by the Public Employment Service of the extraordinary measures announced by the Ministry of Labour, Welfare and Social Insurance for automatic renewals of registered unemployed and new registrations of unemployed people without their physical presence in order to avoid the spread of coronavirus.

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 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 

(MG/ECHR)