The unemployment rate in Cyprus decreased to 8% from downwardly revised 8.3% in the previous month, as the number of unemployed persons decreased by 2 thousand to 39 thousand. Meanwhile, the youth unemployment rate, which measures the number of unemployed under 25s expressed as a percentage of the youth labor force, was unchanged at 21.7 percent. Compared to September 2021, the overall jobless rate increased by 1.8 percentage points from 6.2 percent due to an increase of 10 thousand unemployed people. source: EUROSTAT

Unemployment Rate in Cyprus averaged 7.78 percent from 2000 until 2022, reaching an all time high of 16.80 percent in September of 2013 and a record low of 3.00 percent in March of 2002. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Unemployment Rate in Cyprus is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Unemployment Rate is projected to trend around 9.00 percent in 2023 and 8.90 percent in 2024, according to our econometric models.

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Cyprus Unemployment Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-09-30 09:00 AM Aug 8.6% 8.2% 7.8%
2022-11-03 10:00 AM Sep 8% 8.3% 8.8%
2022-12-01 10:00 AM Oct 8% 8.4%

Related Last Previous Unit Reference
Unemployment Rate 8.00 8.30 percent Sep 2022
Long Term Unemployment Rate 2.60 2.30 percent Jun 2022
Youth Unemployment Rate 21.70 21.70 percent Sep 2022
Population 0.90 0.89 Million Dec 2021
Productivity 109.52 108.86 points Jun 2022
Part Time Employment 42.10 41.00 Thousand Jun 2022
Full Time Employment 391.80 386.90 Thousand Jun 2022
Employment Rate 72.70 72.00 percent Jun 2022
Employment Change 0.40 0.50 percent Jun 2022

Cyprus Unemployment Rate
In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.30 16.80 3.00 2000 - 2022 percent Monthly