Unemployment rate drops to 10.1% in Q4, Cystat says


By Stelios Orphanides

The unemployment rate in the last three months of 2017 fell to 10.1 per cent, from 12.8 per cent in the fourth quarter of 2016, the statistical service said citing its labour force survey.

The drop in the unemployment rate in the fourth quarter last year was on both a decrease in the number of jobless, to 43,113 from 54,303 in the respective three-month period of 2016, and an increase in the number of people in employment, to 384,141 from 368,694 respectively, Cystat said in a statement on its website on Friday.

The labour force increased in the last quarter of 2017, to 427,264 from 422,997 a year before, Cystat said.

In the last quarter of last year, the youth unemployment rate was 22.9 per cent compared to 29.8 per cent in October to December 2016, Cystat said. Among men, the jobless rate was 10.4 per cent compared to 9.8 per cent among women.


The unemployment rate in the third quarter of 2017 was 10.1 per cent.


About Author

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

  • Bob Ellis

    In a country where we have 250,000 foreign nationals working at or below the minimum wage, how can we have unemployment in our local population ? The jobs are clearly available.

    • Philippos

      No they (The Jobs) are not, they are blocked by slave labour and its getting worse, not better. Bad news for ordinary Cypriots.

      • Bob Ellis

        With the tourist industry taking more money than ever and agricultural income increasing who is taking all the money ? Locally to we have numerous princes and princesses, some in their 40’s, who have never worked because mummy and daddy are funding them. The same mummy and daddys who pay their staff below the minimu wage. When you have a broken system, nothing works.

  • Philippos

    3.1% more people on the Government Payroll and a 2.6% fall in unemployment – any connection, I wonder?