Long – term unemployment down by 5.5% in August

Long – term unemployment down by 5.5% in August

Long-term unemployment in Cyprus fell by 5.5% in August, compared to the same month last year, with most long – term unemployed coming from the sectors of services, commerce and constructions.

The Labour Market Observatory, prepared by the Labour Ministry, showed that in August the number of unemployed who were registered at the Public Employment Service for over six months reached 19,333 people, decreasing by 1,128 persons or 5.5% compared to the same month in 2014.

Those statistics showed that the percentage of the labour force that has been out of work for more than six months accounts for 47% of all registered unemployed.

Compared to June 2015 the figures showed a decline in the number of long-term unemployed by 100 people or 0.5%.

The number of unemployed who were registered at the Public Employment Service for more than 12 months reached 12,388 people, increased by 169 persons or 1.4%. They represented 30% of all registered unemployed.

Unskilled workers suffer the highest number of long-term unemployment as they reach 3,883, according to the Labour Market Observatory.

Most long-term unemployed are gathered in the services sector (5,085 people or 26%), followed by the sectors of trade (3,724 people or 19%) and constructions (2,968 people or 15%).

The majority of long-term unemployed are Greek Cypriots (16,182 people or 84%), followed by European citizens (1,524 or 8%), foreigners (664 people or 3%) and Pontian Greeks (561 people or 3%).

CNA/KD/GV/2015
ENDS, CYPRUS NEWS AGENCY