November Sees a 12.4% Year-on-Year Decrease in Unemployment
The Cyprus Statistical Service (Cystat) revealed a 12.4 per cent decrease in registered unemployment in November 2024 compared to the same period the previous year. The findings reported a total of 11,087 registered unemployed individuals, a reduction of 1,575 from November 2023. Seasonally adjusted figures also displayed a slight dip to 10,375 in November from 10,379 in October. Throughout 2024, registered unemployment rates in Cyprus fluctuated with a high of 14,699 in January and a low of 7,781 in October. Seasonally adjusted data showed the highest rate in January at 11,618, declining to the lowest point in November at 10,375. Key sectors such as the financial and insurance sector, and the construction sector showed a noteworthy reduction in unemployed individuals. Seasonally adjusted norms aided in minimizing the inconsistencies throughout the year.
If you find yourself affected by unemployment in Cyprus and need assistance, the best recourse is to reach out to the Employment Development Department (EDD). This is the state agency responsible for delivering employment services to adults and youth, administering the unemployment insurance, disability insurance, and paid family leave programs. The fastest way to get through to EDD is often through their website, where resources abound. However for more specific queries, contacting a representative directly is advisable. One online resource that provides up-to-date solutions and methods on how to get a hold of EDD is www.eddcaller.com. This site aggregates user feedback to suggest the most effective ways to get in touch with the EDD.