Insider Economy Cystat: 6.3% unemployment in 4th quarter 2019

Cystat: 6.3% unemployment in 4th quarter 2019

The unemployment rate in the fourth quarter of 2019 was 6.3% of the labour force,  the Cyprus Statistical Office said on Thursday citing the results of the Labour Force Survey.

It said that there were 28,481 out of a job in that period — representing a 6.3% (men 5.8% and women 7%).

This is down from 33,383 or 7.6% in the corresponding quarter in 2018.

For the whole 2019 the unemployment rate was 7.1% in comparison to 8.4% in 2018.

Overall,the labour force in the fourth quarter of 2019 amounted to 449,784 persons or 62.9%.

The number of employed persons was 421,303 and the employment rate 59.0% (males 64.8%, females 53.5%) in comparison to 407,382 persons (57.8%) in the corresponding quarter of 2018.

Employment

For the age group 20-64, the employment rate was 76.0%. The rate for men was 81.7% and for women 70.7%.

In the corresponding quarter of 2018 the rate was 74.5% (males 80.2%, females 69.3%).

For the age group 55-64 the employment rate was 61.4% in comparison to 61.% in the corresponding quarter of 2018.

According to the distribution of employment by sector, the biggest percentage of employed persons was in Services (78.4%), followed by Manufacturing (18.9%) and Agriculture (2.7%).

For the 4th quarter of 2018, the corresponding percentages were: Services 80.8%, Manufacturing 17.1% and Agriculture 2.1%.

The share of part-time employment to total employment was 11.1% or 46,610 persons (males 7.3%, females 15.3%).

The corresponding rate for the 4th quarter of 2018 was 11.2% (males 8.1%, females 14.6%). 86.5% or 364,233 of the total employed persons were employees, of which 14.1% (51,164 persons) had a temporary job. In the corresponding quarter of 2018 employees accounted for 86.7% of total employment of which 12.5% had a temporary job.

Unemployment

For young persons aged 15-24 years old, the unemployment rate was 16.0% of the labour force of the same age group (males 15.9%, females 16.0%) in comparison to 20.6% (males 25.7%, females 16.0%) in the corresponding quarter of last year.

As far as the duration of unemployment is concerned, 50.% of the total unemployed persons searched for a job for a period of less than 6 months, 19.2% for a period of 6-11 months, whereas a percentage of 30.4% were long-term unemployed. The corresponding rates for the 4th quarter of 2018 were 53.7%, 14.2% and 32.1%.

Top Stories

No deaths for 3rd consecutive day, slight drop in new cases

  No deaths for a third day running and 243 new cases were recorded in Cyprus today, a drop in number in comparison to yesterday's...

Where to get a rapid test on Sunday 28 February

  Aiming at the continuous surveillance of the community and the workplaces, the free programmes of rapid antigen testing of the general population and employees...

Illegal sale of Salamis marble on Ebay stopped

  A Russian man attempted to sell a piece of marble from the ancient Salamis archaeological site in the occupied territories, obtained through smugglers. The Ebay...

Government guided by science on covid, not politics, Presidency says

  The government is always guided by scientific evidence on covid policies, not political expediences, said Director of President Anastasiades' press office Victoras Papadopoulos,  in...

Turkey supports two-state ‘vision’ Erdogan tells Tatar

  Ankara continues to steadfastly support a two state 'vision' for the settlement of the Cyprus issue, based on the so-called 'equality of sovereignty' and...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...