Unemployment slightly up in Cyprus in October following continuous job reduction

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Unemployment slightly up in Cyprus in October...
 © FamagustaGazette 2019
Unemployment in Cyprus went up to 7.1 percent in October from 7 percent in September, after a continuous job reduction during the summer months, data released by the European statistical service, Eurostat, showed on Friday. Analysts say the increase is mainly due to the seasonal closing of some hotels at the end of the tourist season, as tourism is a pillar industry in the country. However, on a year-on-year basis, unemployment was down by 0.4 percentage points from 7.5 percent in October, 2018,...


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Unemployment slightly up in Cyprus in October following continuous job reduction


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