Registered Unemployed: August 2024

The unemployed persons, registered at the District Labour Offices on the last day of August 2024, reached 12.079 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for August 2024 reached 11.197 persons remaining at the same level in comparison to the previous month (Table 1).

In comparison with August 2023, a decrease of 1.177 persons or 8,9% was recorded, attributed mainly to the sectors of financial and insurance activities, construction, trade, manufacturing, as well as to the decrease recorded for newcomers in the labour market (Table 2).

Table 1
Month and Year	Registered Unemployed – Actual Data	Registered Unemployed – Seasonally Adjusted Data
2024
August	12.079	11.197
July	11.877	11.194
June	10.112	11.191
May	8.159	11.034
April	9.343	11.226
March	12.277	11.393
February	14.304	11.490
January	14.699	11.643
2023
December	13.670	11.698
November	12.662	11.795
October	9.232	11.893
September	9.693	12.016
August	13.256	12.397
July	13.187	12.578
June	11.747	12.775
May	10.357	13.129
April	11.284	13.130
March	14.197	13.331
February	16.597	13.549
January	16.758	13.581
2022
December	16.132	13.723
November	15.309	13.841
October	11.183	13.733
September	11.610	13.738
August	14.961	13.835
July	14.145	13.662

Table 2
Nace Rev.2	Economic Activity	Registered Unemployed    (actual data)
		August2023	July2024	August2024
A	Agriculture, Forestry and Fishing	77	73	71
B	Mining and Quarrying	11	11	11
C	Manufacturing	643	552	529
D	Electricity, Gas, Steam and Air Conditioning Supply	10	6	4
E	Water Supply, Sewerage, Waste Management and Remediation Activities	32	25	27
F	Construction	815	573	535
G	Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles	1.809	1.476	1.531
H	Transportation and Storage	347	308	314
I	Accommodation and Food Service Activities	989	858	840
J	Information and Communication	453	470	482
K	Financial and Insurance Activities	1.062	533	496
L	Real Estate Activities	107	96	92
M	Professional, Scientific and Technical Activities	837	767	745
N	Administrative and Support Service Activities	331	320	316
O	Public Administration and Defense, Compulsory Social Security	1.729	2.441	2.477
P	Education	2.369	2.086	2.300
Q	Human Health and Social Work Activities	314	283	324
R	Arts, Entertainment and Recreation	216	235	208
S	Other Service Activities	359	246	254
T	Activities of Households	14	13	16
U	Activities of Extra-territorial Organizations and Bodies	13	12	11
	Newcomers	719	493	496
	Total	13.256	11.877	12.079

Methodological Information

Registered Unemployed

The number of registered unemployed concerns the persons aged 15 years and over who apply at the District and Local Labour Offices of the Department of Labour to seek employment and are registered as unemployed. These persons have to be able and available for work and must be actively looking for a job. The monthly number of registered unemployed concerns the persons who during the last day of the month have an active application for seeking employment.

The number of registered unemployed does not include self-employed or persons who seek part-time employment, nor persons who seek employment in certain areas or for a specific employer.

Seasonally Adjusted Data

Seasonal adjustment is a statistical technique that removes the seasonal component of a time series, making more visible the underlying trend in the change of a characteristic. CYSTAT uses the JDemetra+ 2.2.2 software, which was developed by Eurostat. Seasonally adjusted series are produced by the TRAMO&SEATS algorithm. It should be noted that due to seasonal adjustment, the whole series with the monthly estimates is recalculated every time a new month is added in time series. As a result, estimations for the previous months are often revised. In March 2020 a readjustment of the applied model was implemented.

Methodological Changes

According to information provided by the Department of Labour, from Tuesday June 15, 2021, the automatic renewal of registrations was terminated and the online platform of the Public Employment Service was activated to allow the registration of a new job application, its renewal, as well as a job vacancy registration. This settlement may affect the comparison of the monthly unemployment data recorded through this procedure with the data recorded from the previous procedures.

Classification System

Registered unemployed by economic activity are published based on the Statistical Classification of Economic Activities in the European Community, Rev. 2 (NACE Rev.2).

For more information, please visit CYSTAT Portal, subtheme Labour Market, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information or contact Mr Christophoros Michaelides at +35722602154 or via email at cmichaelides@cystat.mof.gov.cy and Ms Maria Hadjiprokopi at +35722602146 or via email at mhadjiprokopi@cystat.mof.gov.cy.

The data included in the Predefined Tables in Excel format are available up to December 2021. Data from January 2022 onwards are available only in the CYSTAT-DB Online Database.

(NGian/AS)

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