Announcement by the Cyprus Statistical Service

Written by A. Antoniades on May 23, 2024. Posted in News.

LABOUR FORCE SURVEY (LFS): 1st QUARTER 2024

Unemployment 6,0%

According to the results of the Labour Force Survey, the labour force in the 1st quarter of 2024 amounted to 490.232 persons or 64,5% of the population (males 69,0%, females 60,3%) in comparison to 492.230 persons (65,6%) in the corresponding quarter of 2023 (Table 1).

The number of employed persons was 460.893 and the employment rate 60,6% (males 64,9%, females 56,6%) in comparison to 458.835 persons (61,2%) in the corresponding quarter of 2023.

The number of unemployed persons amounted to 29.339 and the unemployment rate to 6,0% of the labour force (males 5,9%, females 6,1%) in comparison to 33.394 persons (6,8%) in the corresponding quarter of 2023.

View the full announcement here (PDF)