Long Term Unemployment Rate in Cyprus decreased to 1.80 percent in the second quarter of 2020 from 2.10 percent in the first quarter of 2020.

Long Term Unemployment Rate in Cyprus averaged 2.84 percent from 2000 until 2020, reaching an all time high of 7.80 percent in the second quarter of 2014 and a record low of 0.40 percent in the second quarter of 2008. This page provides - Cyprus Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Long Term Unemployment Rate - values, historical data and charts - was last updated on September of 2020.

Long Term Unemployment Rate in Cyprus is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Cyprus to stand at 1.80 in 12 months time. In the long-term, the Cyprus Long Term Unemployment Rate is projected to trend around 1.80 percent in 2021 and 1.40 percent in 2022, according to our econometric models.

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Cyprus Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.10 7.80 0.40 2000 - 2020 percent Quarterly

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 9.80 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 30451.00 32803.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 1.80 2.10 7.80 0.40 percent [+]
Youth Unemployment Rate 19.80 19.80 41.10 7.80 percent [+]
Labour Costs 105.57 102.16 126.56 65.45 points [+]
Job Vacancies 6685.00 6897.00 16194.00 2137.00 [+]
Wages 1956.00 2254.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 3.30 2.20 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.50 62.90 64.70 55.50 percent [+]
Part Time Employment 40.20 43.10 50.00 15.80 Thousand [+]
Productivity 99.50 101.90 102.40 76.00 points [+]
Employment Change -0.90 0.50 2.40 -2.10 percent [+]
Employment Rate 69.90 70.00 71.50 60.90 percent [+]
Full Time Employment 365.30 361.90 367.30 257.80 Thousand [+]


Cyprus Long Term Unemployment Rate
In Cyprus, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.