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Unemployment down to 4.3% in Q2 this year

Unemployment in Cyprus fell in the second quarter of 2025, according to the Labour Force Survey published by the Statistical Service of Cyprus (Cystat). The jobless rate dropped to 4.3% from 4.6% in the same quarter last year, with the number of unemployed decreasing to 22,663 from 23,760.

The labour force reached 528,981 people, representing 65.4% of the population, up from 511,423 a year earlier. Men accounted for 71.1% of the labour force and women for 60%.

Employment rose to 506,318, pushing the employment rate to 62.6% (68.3% for men and 57.2% for women), compared with 62.0% a year ago. Among people aged 20–64, the employment rate stood at 81.7%, while for those aged 55–64 it was 71.5%.

By sector, Services remained dominant, employing 81.2% of workers, followed by Industry at 16.6% and Agriculture at 2.2%. Compared with last year, Services showed a slight decline, while Industry posted a small increase.

Part-time employment accounted for 9.4% of total employment (47,425 people), up from 8.9% in Q2 2024. Gender disparities remain pronounced: 12.0% of women work part-time compared with 7.1% of men.

Youth unemployment remains high

Despite the overall improvement, unemployment among young people remains a concern. In the 15–24 age group, the unemployment rate stood at 14.9%, well above the national average, with 15.8% for young men and 13.9% for young women.

As for duration, 55.9% of job seekers were unemployed for less than six months, 23.0% for 6–11 months, while long-term unemployment dropped significantly to 21.1%, from 34.5% a year earlier.

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