Cyprus Unemployed Persons - Forecast

Unemployed Persons in Cyprus is expected to be 40103.39 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Cyprus to stand at 41848.75 in 12 months time. In the long-term, the Cyprus Unemployed Persons is projected to trend around 37047.41 in 2020, according to our econometric models.


Cyprus Unemployed Persons
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Cyprus Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 8.6 8.6 8.2 7.7 7.4 6.2
Employed Persons 367 358 363 367 366 357
Unemployed Persons 43113 40103 39865 39096 41849 37047
Long Term Unemployment Rate 3.4 4.23 4.21 4.2 4.18 3.98
Youth Unemployment Rate 23.1 21.63 21.38 21.25 21.19 21.12
Labour Costs 90.65 94.01 93.12 93.36 93.29 93.31
Wages 2169 1800 1750 2156 1834 2170
Population 0.85 0.86 0.86 0.86 0.85 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 61.5 61.38 61.33 61.29 61.26 61.03
Part Time Employment 45.2 45.19 42.05 45.19 42.05 45.18
Productivity 104 105 110 107 105 107
Wage Growth 1 0.65 0.91 0.52 0.5 0.48
Employment Change 0.8 1.16 0.96 0.91 1.03 0.98
Employment Rate 66 66.37 66.27 66.36 66.39 66.46
Full Time Employment 329 329 328 328 327 323