Insider Economy Number of registered unemployed down an annual 15.3% in January 2020

Number of registered unemployed down an annual 15.3% in January 2020

The number of unemployed persons registered at the District Labour Offices on the last day of January 2020, reached 26,214 persons, according to figures published by the Cyprus Statistical Service on Wednesday.

Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for January 2020 fell to 19,715 persons in comparison to 20,120 in the previous month.

In comparison with January 2019, a decrease of 4,737 persons or 15.3% was recorded, attributed mainly to the sectors of public administration (a decrease of 1,039), trade (a decrease of 620), construction (a decrease of 597), accommodation and food service activities (a decrease of 398), manufacturing (a decrease of 301), financial and insurance activities (a decrease of 256) and to newcomers in the labour market (a decrease of 842).

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