Insider Economy Jobless decline by an annual 14% in February

Jobless decline by an annual 14% in February

The number of registered unemployed persons in February 2020 declined to 25,620 persons marking a reduction of 13.9% or 4,131 persons compared with the respective period of last year, according to data released by the Cyprus Statistical Service.

The Ministry of Finance welcomed the announcement noting “the data confirm the continuation of the government’s efforts for a drastic reduction in unemployment which is projected to further decline to 6% in 2020.”

“The further improvement in our fellow citizens standard of living remain high among the government priorities,” the Ministry added.

According to Cystat, compared with February 2019, the decrease was attributed to the sectors of trade (a decrease of 607), construction (a decrease of 603), public administration (a decrease of 434), accommodation and food service activities (a decrease of 396), manufacturing (a decrease of 325), financial and insurance activities (a decrease of 294) and to newcomers in the labour market (a decrease of 785).

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for February 2020 decreased to 19,740 persons in comparison to 19,978 in the previous month.

(Cyprus News Agency)

Top Stories

France recalls ambassador to Ankara over Erdogan comments

  France condemned Turkish President Recep Tayyip Erdoğan’s remarks questioning the mental health of President Macron and recalled its ambassador to Ankara for consultations. The French...

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...

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...