Unemployment rate seen at 16.1% in 2014, Cystat says

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By Andria Kades

The unemployment rate averaged last year at 16.1 per cent, marginally higher compared to 15.9 per cent the year before, the statistical service said.

In October to December, the percentage of people without a job was 16 per cent, Cystat said in a statement on its website today. The unemployment rate among men was 16.9 per cent while among women it was 15.1 per cent.

The unemployment rate among people in the age-group 15 to 24 was on average 35.9 per cent throughout 2014 and 33.7 per cent in the last quarter of the year, Cystat said citing the findings of its labour force survey. The unemployment rate among people aged 25 to 54 was 14.2 per cent in 2014 and 14.3 per cent in October to December.

Almost half of those without a job was unemployed for over 12 months last in the fourth quarter, Cystat said adding that the rate of long-term unemployed was 7.7 in 2014.

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

  • JSReturnsAgain

    Still 160,000 foreign nationals working here………. 80,000 from no-EU. It’s not that there are no jobs, just no jobs that Cypriot’s want to do.

  • moscowman

    Still many foreigners working in bakeries,fields,car wash.I thought it would be changed.

  • All is good…

    There is a tide of change.

    A professional whose VISA had recently expired was arrested outside immigration on Monday morning while trying to renew it.

    Wednesday morning – already on a plane to Moscow…

    No leave to pack/vacate the flat, or sort the cat out.

    We are not welcome anymore in Cyprus !

    • moscowman

      Omg.I can t believe this.Awful story.

  • Barry White

    Time to inject some of what Costas calls neoliberal economics into Cyprus? Clearly, the Marxist economics and thinking continues to not help the working people.

    • All is good…

      I think Costas has been injecting something recently – not too sure if it’s legal though.