Cyprus Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Cyprus is expected to be 1.98 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Cyprus to stand at 1.22 in 12 months time. In the long-term, the Cyprus Long Term Unemployment Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.


Forecast Data Chart
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Cyprus Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.5 7.7 7.4 7.2 6.9 6.2
Employed Persons 367 375 375 375 375 378
Unemployed Persons 31888 29259 33017 24075 24290 18457
Long Term Unemployment Rate 3.2 1.98 1.69 1.44 1.22 0.7
Youth Unemployment Rate 19 16.42 15.95 15.7 15.57 15.42
Labour Costs 88.94 91.9 92.17 92.1 92.12 92.12
Job Vacancies 9693 9296 9430 9451 9425 9433
Wages 1827 2156 1834 1891 1892 2170
Population 0.86 0.86 0.86 0.86 0.86 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 62 62.28 62.45 62.47 62.51 62.62
Part Time Employment 45.5 43.95 44.27 42.83 41.78 43.08
Productivity 105 107 105 105 110 107
Wage Growth 1.4 1.1 1.17 0.8 0.7 0.8
Employment Change 1 0.79 0.9 0.89 0.84 0.87
Employment Rate 69.4 69.85 69.66 72.06 72.61 74.84
Full Time Employment 331 347 348 361 363 379