Number of jobless rises in October as tourism season ends

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By Stelios Orphanides

The number of registered unemployed rose in November by 7,344 compared with the month before but fell 17 per cent compared with the respective month of 2016, the statistical service said.

In November, the seasonally adjusted number of jobless registered at the district labour offices was 31,045, down by 452 compared to October, after falling an annual 17 per cent, Cystat said in a statement on its website on Tuesday.

The increase in the unemployment figure last month compared with October was mainly a result of the end of the summer season in the hospitality industry as a result of which the number of job seekers rose to 8,940 in November from 3,170 in October, Cystat said. The number of unemployed in retail and wholesale trade and public administration and defence also rose.

Compared to a year before, the number of registered unemployed fell by 1,272 in construction, 1,245 in trade, 859 in public administration, 661 in financial services, 590 in manufacturing and 397 in hotels and restaurants, Cystat said. The number of newcomers fell by 728.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]