Cyprus Long Term Unemployment Rate - Forecast

Long Term Unemployment Rate in Cyprus is expected to be 4.25 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 4.20 in 12 months time. In the long-term, the Cyprus Long Term Unemployment Rate is projected to trend around 3.98 percent in 2020, according to our econometric models.


Cyprus Long Term Unemployment Rate
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Cyprus Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 11.3 9.8 9.5 9.2 9 7.5
Employed Persons 367 355 359 363 368 365
Unemployed Persons 42526 39793 38677 40280 39393 38969
Long Term Unemployment Rate 4.3 4.25 4.23 4.21 4.2 3.98
Youth Unemployment Rate 24.9 24.68 24.57 24.46 24.36 23.59
Labour Costs 84.18 91.06 90.17 84.36 102 97.55
Wages 1747 1838 1806 1740 2280 2390
Population 0.85 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 61.9 62.03 62.05 62.03 62.01 61.59
Part Time Employment 42.1 44.48 44.07 43.47 43.44 42.61
Productivity 109 102 104 108 106 106
Wage Growth -0.1 0.53 0.64 0.93 1.06 1.93
Employment Change 0.7 0.57 0.55 0.51 0.5 0.37
Employment Rate 66.6 66.52 66.37 66.27 66.36 66.46
Full Time Employment 332 331 331 330 330 325