[H]Based on the data kept at the Provincial Labour Offices, the number of registered unemployed at the end of February 2022 reached 15,364 persons. Based on the data corrected for seasonal variations, which show the trend of unemployment, the number of registered unemployed in February 2022 increased to 14,087 persons compared to 13,883 in the previous month. (Table 1) [/H]
Compared to February 2021, there was a decrease of 17,425 persons or 53.1% mainly attributed to the sectors of trade (decrease of 3,699), accommodation and food services (decrease of 3,067), construction (decrease of 1.233), manufacturing (decrease 1,205), professional, scientific and technical activities (decrease 886), transport and storage (decrease 880), as well as the decrease of 1,518 persons in new entrants to the labour market. (Table 2)
|
Table 1 |
[TR] [TD]
Month and Year
[/TD] [TD]Registered Unemployed - Actual Data
[/TD] [/TD] [TD]
Registered Unemployed - Seasonally Adjusted Figures
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]
2022
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]February
[/TD] [TD]15.364
[/TD] [TD]
14.087
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]15.430
[/TD] [TD]13.883
[/TD] [/TR] [TR] [TD]
2021
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]14.800
[/TD] [TD]13.515
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]13.977
[/TD] [TD]13.141
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]10.974
[/TD] [TD]13.005
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]11.324
[/TD] [TD]12.836
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]16.281
[/TD] [TD]16.512
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]18.950
[/TD] [TD]19.191
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]26.694
[/TD] [TD]27.545
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]31.287
[/TD] [TD]33.683
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]32.186
[/TD] [TD]32.753
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]32.933
[/TD] [TD]31.257
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]32.789
[/TD] [TD]30.766
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]32,333
[/TD] [TD]29.627
[/TD] [/TR] [TR] [TD]
2020
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]33.382
[/TD] [TD]29.733
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]32.968
[/TD] [TD]29.237
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]31.487
[/TD] [TD]37.377
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]30.718
[/TD] [TD]36.033
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]33.649
[/TD] [TD]35.265
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]32.313
[/TD] [TD]34.005
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]31.158
[/TD] [TD]33.737
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]29.604
[/TD] [TD]33,277
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]28,591
[/TD] [TD]29.032
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]26,353
[/TD] [TD]23,148
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]25.620
[/TD] [TD]22.165
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]26.214
[/TD] [TD]22.186
[/TD] [/TR]
|
Table 2 |
[/TR] [TR] [TD]
Nace Rev. 2
[/TD] [TD]
Economic Activity
[/TD] [TD]
Registered Unemployed
(actual data)
[/TD] [/TR] [TR] [TD] [TD]February2021
[/TD] [TD]January
2022
[/TD] [/TD] [TD]February
2022
[/TD] [/TD] [/TR] [TR] [TD]A
[/TD] [TD]Georgia, Forestry and Fisheries
[/TD] [/TD] [TD]218
[/TD] [TD]79
[/TD] [TD]78
[/TD] [/TD] [/TR] [TR] [TD]B
[/TD] [/TD] [TD]Mining and Quarries
[/TD] [/TD] [TD]44
[/TD] [TD]21
[/TD] [TD]19
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]2.081
[/TD] [TD]868
[/TD] [TD]876
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, natural gas, Steam and Air Conditioning
[/TD] [/TD] [TD]16
[/TD] [TD]9
[/TD] [TD]8
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Remediation Activities
[/TD] [/TD] [TD]99
[/TD] [TD]36
[/TD] [TD]41
[/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]2.302
[/TD] [TD]1.071
[/TD] [TD]1.069
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [TD]6.129
[/TD] [TD]2.364
[/TD] [TD]2.430
[/TD] [/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and storage
[/TD] [TD]1.466
[/TD] [TD]590
[/TD] [TD]586
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]7.527
[/TD] [TD]4.599
[/TD] [TD]4.460
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and Contact
[/TD] [TD]740
[/TD] [TD]314
[/TD] [TD] [TD]328
[/TD] [/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]1.658
[/TD] [TD]806
[/TD] [TD]780
[/TD] [/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [TD]307
[/TD] [TD]146
[/TD] [TD]147
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Professional, Scientific and Technical Activities
[/TD] [/TD] [TD]1.697
[/TD] [TD]800
[/TD] [TD]811
[/TD] [/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]1.399
[/TD] [TD]693
[/TD] [TD]705
[/TD] [/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]1.492
[/TD] [TD]857
[/TD] [TD]830
[/TD] [/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]1.015
[/TD] [TD]329
[/TD] [TD]317
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [/TD] [TD]634
[/TD] [TD]267
[/TD] [TD]259
[/TD] [/TR] [TR] [TD]R
[/TD] [TD]Arts, Entertainment and Recreation
[/TD] [/TD] [TD]648
[/TD] [TD]344
[/TD] [TD]347
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Activities Service activities
[/TD] [/TD] [TD]812
[/TD] [TD]346
[/TD] [TD]341
[/TD] [/TR] [TR] [TD]T
[/TD] [TD]Activities Household activities
[/TD] [/TD] [TD]69
[/TD] [TD]24
[/TD] [TD]27
[/TD] [/TR] [TR] [TD]U
[/TD] [TD]Household activities Organisations and Entities
[/TD] [/TD] [TD]23
[/TD] [TD]11
[/TD] [TD]10
[/TD] [/TR] [TR] [TD] [/TD] [TD]New Entrants
[/TD] [TD]2.413
[/TD] [TD]856
[/TD] [TD]895
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD]Total
[/TD] [TD]32,789
[/TD] [TD]15,430
[/TD] [TD]15.364
[/TD] [/TR] [/TR]
METHODOLOGICAL INFORMATION
Definitions
Registered Unemployed
The number of registered unemployed refers to persons over 15 years of age who apply to the Provincial and Local Labour Offices of the Labour Department for employment and are registered as unemployed. These persons must be able and available for work and actively seeking employment. The monthly number of registered unemployed refers to persons who on the last day of each month have an active job application.
The number of registered unemployed does not include self-employed persons, persons looking for part-time work and persons looking for work in a specific region or with a specific employer.
Recent Methodological Changes
According to an update from the Department of Labor, as of Tuesday, June 15, 2021, the automatic renewal of registrations was terminated and the online platform of the Public Employment Service was activated to allow the registration of a new job search application, its renewal, as well as the registration of a job vacancy. This new arrangement may potentially affect the comparison of monthly unemployment data recorded through this new process with the data recorded by the previous processes, which is being evaluated by the Department of Labor.
Seasonally Corrected Data
Seasonal Correction is a statistical technique that removes the effect of seasonality from a time series, thereby making the actual trend in the change in a quantity more visible. To apply the seasonal correction, the Statistical Office uses the JDemetra+ 2.2.2 software developed by Eurostat. The adjusted time series are produced using the TRAMO&SEATS algorithm. It should be noted that due to the seasonal correction, the entire time series of the monthly estimates is recalculated each time a new month's data is added. This recalculation often leads to revisions of the estimates for previous months. In March 2020 an update of the model applied was made.
Classification System
Registered unemployed persons by economic activity are published according to the NACE Rev. 2 classification system.
For more information:
Statistics Service Portal, suppository Labour Market
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables in Excel format are updated with data up to December 2021. Newer data are published only in the CYSTAT-DB
Contact
Christoforos Michaelides: Tel. cmichaelides@cystat.mof.gov.cy
Maria Hatziprokopi: Tel.:+35722602146, El. PO Box: mhadjiprokopi@cystat.mof.gov.cy
(MGM/IC)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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