Economy category powered by

Eurostat: Unemployment increases slightly in Cyprus on monthly basis, drops annually

The unemployment rate in Cyprus increased slightly to 5.0% in January 2025 compared to the previous month, while it dropped compared to last year, according to figures published by Eurostat.

The seasonally-adjusted unemployment rate in Cyprus was lower than corresponding rates in the eurozone and the EU.

More specifically, in January 2025, unemployment in Cyprus stood at 5.0%, slightly increased compared to 4.9% in December 2024, and decreased compared to 5.3% in January 2024.

In the eurozone, unemployment in January was 6.2%, stable compared with December 2024 and down from 6.5% in January 2024.

The EU unemployment rate was 5.8% in January 2025, also stable compared with December 2024 and down from 6.1% in January 2024.

Eurostat estimates that 12.824 million persons in the EU, of whom 10.655 million in the eurozone, were unemployed in January 2025.

Compared with December 2024, unemployment decreased by 8 thousand people in the EU and by 42 thousand in the eurozone. Compared with January 2024, unemployment decreased by 510 thousand people in the EU and by 547 thousand in the eurozone.

In Cyprus, unemployment was estimated to affect 26 thousand people in January, increased by about a thousand people compared to December, and decreased by about a thousand people compared to January 2024.

(Source: CNA)

Read More

EU report reveals Cyprus has highest share of online clothes shoppers and social media users
Chief Scientist promotes Cyprus as innovation and investment hub in Asia
Marios Loucaides: Significant acceleration in mergers and acquisitions is anticipated
Prodea Investments now owns almost 100% of MHV after €92.3m 20% acquisition from Flowpulse
PASYLE's clear message about DRS: "The cost should not be transferred to supermarkets and consumers"
Baker Tilly South East Europe hosting Baker Tilly 2025 Europe Conference in Athens
We enjoy a very strong relationship with Cyprus, advisor to Qatari Prime Minister says
Aristotelis Panteliadis: The food retail market is changing rapidly - "Purely online" is a thing of the past
Olympios Toumazou: Cypriot consumers behave like cats on a rooftop
European shoppers willing to switch payment methods for faster checkouts, but trust remains key