The unemployment rate in Cyprus edged down to 3.1% in May 2026, following a 3.2% increase in the previous month, marking its lowest level since March 2002. Unemployment Rate in Cyprus averaged 7.34 percent from 2000 until 2026, reaching an all time high of 16.80 percent in September of 2013 and a record low of 3.00 percent in March of 2002. source: EUROSTAT
Unemployment Rate in Cyprus decreased to 3.10 percent in May from 3.20 percent in April of 2026.
Unemployment Rate in Cyprus decreased to 3.10 percent in May from 3.20 percent in April of 2026. Unemployment Rate in Cyprus is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Unemployment Rate is projected to trend around 4.50 percent in 2027 and 4.40 percent in 2028, according to our econometric models.