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Economy

Cyprus Jobless Rate Falls, COVID-19 in Rear View Mirror

NICOSIA – The COVID-19 pandemic isn’t over – it just looks that way with the easing of health restrictions to lure tourists – and Cyprus has turned toward an economic recovery, with figures showing unemployment dropped in April.

The seasonally-adjusted figure for the month was 5.4 percent, falling from 5.8 percent the previous month and 8.4 percent a year earlier according to data compiled by the European Union official statistics agency Eurostat.

The unemployment rate in the Eurozone of 19 countries in the EU who use the euro as a currency was 6.8 percent, the agency estimating that 13.264 million men and women in the EU, of whom 11.181 million live in the euro area, were unemployed.

The jobless rate for women in the EU was 6.5 percent, down from 6.6 percent in March 2022. The unemployment rate for men was 5.8 percent in April 2022, down from 5.9 percent in March.

In Cyprus, unemployment among women decreased significantly compared to March, to 5.8 percent in April from 6.4 percent in March and for men it fell from 5.2 to 5 percent, said The Cyprus Mail.

 

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