Crisis: Cyprus unemployment rises to 12.1% in Q3 of 2012

24 December, 12:08

(ANSAmed) - NICOSIA, DECEMBER 24 - Unemployment rate in the Republic of Cyprus reached 12.1% of the labour force during the third quarter of 2012, compared to the previous quarter of 2012, the Statistical Service of Cyprus announced Friday. According to the results of the Labour Force Survey, which is carried out in accordance with a European Union Regulation, the unemployment rate for men was 12.3% and 11.8% for women, as Famagusta Gazette reports. Unemployment recorded an increase to 12.1% from the previous quarter of 2012, when it was 11.3% (12.1% men, 10.4% women) and from the corresponding quarter of 2011 when it was 7.8% (7.6% men and 7.9% women). The unemployment rate for young persons aged 15-24 amounted to 26.4% of the labour force of the same age group recording an increase 25.9% from the previous quarter of 2012, and from the corresponding quarter of 2011, 22,2%. The number of employed persons in Cyprus amounted to 389,000 (205,000 men and 184,100 women) and the number of unemployed persons to 53,400 (28,800 men and 24,600 women).

(ANSAmed).

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