Based on the data kept at the Provincial Labour Offices, the number of registered unemployed at the end of March 2022 reached 13,818 persons. Based on data corrected for seasonal variations, which show the trend of unemployment, the number of registered unemployed in March 2022 decreased to 13,555 persons compared to 13,664 in the previous month. (Table 1)
Compared to March 2021, there was a decrease of 19,115 persons or 58.0% attributed mainly to the accommodation and food services (down 4,012), trade (down 3,889), construction (down 1,346), manufacturing (down 1,252), transport and storage (down 910), and a decrease of 1,582 persons in new entrants to the labour market. (Table 2)
[TR] [TD]
Month and Year
[/TD] [TD]Registered Unemployed -
Actual Data
Registered Unemployed -
Seasonally Adjusted Figures
2022
[/TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]March
[/TD] [TD]13.818
[/TD] [TD]
13,555
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]15,364
[/TD] [TD]13,664
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]15.430
[/TD] [TD]13.498
[/TD] [/TR] [TR] [TD]
2021
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]14.800
[/TD] [TD]13.232
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]13.977
[/TD] [TD]12.942
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]10.974
[/TD] [TD]12.876
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]11.324
[/TD] [TD]12,767
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]16,281
[/TD] [TD]16.487
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]18.950
[/TD] [TD]19.224
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]26.694
[/TD] [TD]27.664
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]31.287
[/TD] [TD]33.892
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]32.186
[/TD] [TD]32.998
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]32.933
[/TD] [TD]31.571
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]32.789
[/TD] [TD]30.666
[/TD] [/TR] [TR] [TD]January
[/TD] [TD]32.333
[/TD] [TD]29.635
[/TD] [/TR] [TR] [TD]
2020
[/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]December
[/TD] [TD]33.382
[/TD] [TD]29.735
[/TD] [/TR] [TR] [TD]November
[/TD] [TD]32.968
[/TD] [TD]29.239
[/TD] [/TR] [TR] [TD]October
[/TD] [TD]31.487
[/TD] [TD]37.380
[/TD] [/TR] [TR] [TD]September
[/TD] [TD]30.718
[/TD] [TD]36.037
[/TD] [/TR] [TR] [TD]August
[/TD] [TD]33.649
[/TD] [TD]35.270
[/TD] [/TR] [TR] [TD]July
[/TD] [TD]32.313
[/TD] [TD]34.010
[/TD] [/TR] [TR] [TD]June
[/TD] [TD]31.158
[/TD] [TD]33.743
[/TD] [/TR] [TR] [TD]May
[/TD] [TD]29.604
[/TD] [TD]33.284
[/TD] [/TR] [TR] [TD]April
[/TD] [TD]28.591
[/TD] [TD]29.038
[/TD] [/TR] [TR] [TD]March
[/TD] [TD]26.353
[/TD] [TD]23.155
[/TD] [/TR] [TR] [TD]February
[/TD] [TD]25.620
[/TD] [TD]22.164
[/TD] [/TR]
|
[2] |
[TR] [TD]
Nace Rev. 2
[/TD] [TD]
Economic Activity
[/TD] [TD]Registered Unemployed(actual data)
[/TD] [/TR] [TR] [TD] [TD]March2021
[/TD] [/TD] [TD]February 2022
[/TD] [TD]March 2022
[/TD] [/TR] [TR] [TD]A
[/TD] [TD]Georgia, Forestry and Fisheries
[/TD] [/TD] [TD]222
[/TD] [TD]78
[/TD] [TD]72
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]Mining and Quarries
[/TD] [/TD] [TD]45
[/TD] [TD]19
[/TD] [TD]17
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]2.063
[/TD] [TD]876
[/TD] [TD]811
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, natural gas, Steam and Air Conditioning
[/TD] [/TD] [TD]15
[/TD] [TD]8
[/TD] [TD]8
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Remediation Activities
[/TD] [/TD] [TD]96
[/TD] [TD]41
[/TD] [TD]36
[/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]2.381
[/TD] [TD]1.069
[/TD] [TD]1.035
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [TD]6.159
[/TD] [TD]2,430
[/TD] [TD]2,270
[/TD] [/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and storage
[/TD] [TD]1.461
[/TD] [TD]586
[/TD] [TD]551
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]7.493
[/TD] [TD]4.460
[/TD] [TD]3.481
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and Contact
[/TD] [TD]793
[/TD] [TD]328
[/TD] [TD]328
[/TD] [TD]317
[/TD] [/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]1.628
[/TD] [TD]780
[/TD] [TD]743
[/TD] [/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [TD]313
[/TD] [TD]147
[/TD] [TD]123
[/TD] [/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Professional, Scientific and Technical Activities
[/TD] [/TD] [TD]1.682
[/TD] [TD]811
[/TD] [TD]792
[/TD] [/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]1.425
[/TD] [TD]705
[/TD] [TD]633
[/TD] [/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]1.493
[/TD] [TD]830
[/TD] [TD]775
[/TD] [/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [/TD] [TD]988
[/TD] [TD]317
[/TD] [TD]307
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [/TD] [TD]659
[/TD] [TD]259
[/TD] [TD]251
[/TD] [/TR] [TR] [TD]R
[/TD] [TD]Arts, Entertainment and Recreation
[/TD] [/TD] [TD]637
[/TD] [TD]347
[/TD] [TD]340
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Activities Service activities
[/TD] [/TD] [TD]808
[/TD] [TD]341
[/TD] [TD]329
[/TD] [/TR] [TR] [TD]T
[/TD] [TD]Activities Household activities
[/TD] [/TD] [TD]71
[/TD] [TD]27
[/TD] [TD]23
[/TD] [/TR] [TR] [TD]U
[/TD] [TD]Household activities Organisations and Entities
[/TD] [/TD] [TD]24
[/TD] [TD]10
[/TD] [TD]9
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD]New Entrants
[/TD] [TD]2.477
[/TD] [TD]895
[/TD] [TD]895
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD]Total
[/TD] [TD]32,933
[/TD] [TD]15,364
[/TD] [TD]13.818
[/TD] [/TR]
METHODOLOGICAL INFORMATION
Registered Unemployed
The number of registered unemployed refers to persons over 15 years of age who go to the Provincial and Local Labour Offices of the Labour Department to find work 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, as well as persons looking for work in a specific region or with a specific employer.
Seasonally Adjusted Data
Seasonal Adjustment is a statistical technique that removes the effect of seasonality from a time series, thereby making the true 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 to the applied model was made.
Recent Methodological Changes
According to an update from the Department of Labor, as of Tuesday, June 15, 2021, automatic renewal of registrations was terminated and the Public Employment Service's online platform was activated to allow for the registration of a new job application, its renewal, as well as the registration of a job vacancy. This new arrangement, which is being evaluated by the Department of Labour, may affect the comparison of the monthly unemployment data recorded through this new procedure with the data recorded by the previous procedures.
Classification System
Registered unemployed persons by economic activity are published based on the Statistical Classification of Economic Activities in the Community, Rev. 2 (NACE Rev. 2).
For more information:
Statistical Service Portal, Labour Market subtopic CYSTAT-DB (Database) Predefined Tables (Excel)
The Predefined Tables in Excel format include data up to December 2021. For data from January 2022 onwards, the update is done only in the CYSTAT-DB Database.
Contact
Christoforos Michaelides: Tel. cmichaelides@cystat.mof.gov.cy Maria Hatziprokopi. mhadjiprokopi@cystat.mof.gov.cy
(MB/IK)
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Views & opinions expressed are those of the author and/or PIO
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