The latest Eurostat report shed light on the unemployment trends in Cyprus, revealing a complex yet intriguing landscape. The seasonally-adjusted unemployment rate in Cyprus edged up to 5.0% in January 2025 from 4.9% in the prior month but showed a promising decrease from 5.3% in January 2024.
While this monthly uptick might raise eyebrows, a broader perspective shows Cyprus outperforming the overall eurozone’s stability, where the unemployment rate held steady at 6.2%. The EU as a whole also reported unchanged figures from December at 5.8%. Nevertheless, when viewed annually, Cyprus manifests a noteworthy improvement, mirroring healthier trends across the region.
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Zooming into numbers, approximately 26,000 people were unemployed in Cyprus in January 2025, a rise of about a thousand from December but a reduction of the same amount compared to the previous year. For the EU and eurozone, total unemployment decreased annually by 510,000 and 547,000 people, respectively.
This statistical narrative aligns with Cyprus’s vigorous economic activities, highlighting the island’s resilience in reducing unemployment amid changing monthly dynamics.
