The number of registered unemployed at the end of July decreased annually by 41,4% and reached pre-pandemic levels. This is mainly due to the accommodation and catering services sectors, while July was the first full month in which the automatic renewal of registrations by the Department of Labor was completed.
According to a press release of the Statistical Service of Cyprus, based on the data kept at the District Employment Offices, the number of registered unemployed at the end of July 2021, reached 18.950 persons. Based on seasonally adjusted data, which show the unemployment trend, the number of registered unemployed in July 2021 decreased to 22.778 persons compared to 26.429 in the previous month.
Compared to July 2020, there was a decrease of 13.363 persons or 41,4%, which is mainly attributed to the sectors of accommodation services and catering services (decrease of 5.743), trade (decrease of 2.106), transport and storage (decrease of 756), processing (decrease 704), administrative and support activities (decrease 518) and financial and insurance activities (decrease 509).
It is pointed out that, according to the information of the Department of Labor, from Tuesday, June 15, 2021, the automatic renewal of registrations was completed and the online platform of the Public Employment Service was activated to allow the registration of a new job application, as well as its renewal. and job posting. This new regulation may affect the comparison of the monthly unemployment data recorded through this new procedure with the data recorded from the previous procedures and which is evaluated by the Department of Labor.
