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Cyprus Unemployment Declines as Labor Force Expands In Q2 2025

by THEFUTURE.TEAM

August 29, 2025

Labor Market Overview

Cyprus has witnessed a decrease in unemployment, with rates falling to 4.3 percent in the second quarter of 2025 from 4.6 percent a year earlier, according to the latest figures released by the Cyprus Statistical Service (Cystat). The total number of unemployed individuals decreased from 23,760 to 22,663, with both genders experiencing shifts in their respective counts.

Robust Growth in Labor Force Participation

The labor market saw significant expansion as the labor force increased to 528,981, representing 65.4 percent of the total population, up from 511,423 (65.1 percent) in the previous year. Participation rates revealed gender-specific dynamics, with 71.1 percent of men and 60.0 percent of women engaged in the labor force.

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Employment Figures and Sector Analysis

Overall employment rose to 506,318, equating to an employment rate of 62.6 percent. Men comprised 269,796 workers (68.3 percent), and women accounted for 236,522 (57.2 percent). This marks an increase from 487,663 total employed persons recorded a year earlier. Sector-wise data highlighted that the majority of the workforce was employed in services (81.2 percent), while industry and agriculture accounted for 16.6 percent and 2.2 percent respectively, mirroring trends from the previous quarter.

Insights Into Age Demographics

Employment rates by age underscored improvements among prime working-age individuals. Those between 20 and 64 years reported an 81.7 percent employment rate, rising from 80.1 percent. Specifically, 87 percent of men and 76.5 percent of women in this group were employed. The employment rate for individuals aged 55 to 64 was 71.5 percent, reflecting a modest improvement from 71.1 percent during Q2 2024.

Working Arrangements and Shifts in Employment Structure

The majority of employed individuals (90.6 percent) held full-time positions, while part-time employment accounted for 9.4 percent—an increase from 8.9 percent the previous year. Employees dominated the workforce with 90 percent overall, where permanent positions made up 85.7 percent and temporary roles represented 14.3 percent. Additionally, self-employment remained stable at 10 percent, indicating a consistent segment of the labor market.

Youth Unemployment And Duration Trends

Despite overall positive trends, youth unemployment remains a concern with 14.9 percent of individuals aged 15–24 out of work, marking an increase from 14.2 percent in the comparable quarter of 2024. For the broader age group of 25–64, unemployment eased to 3.7 percent from 4.1 percent. Additionally, a detailed look at the duration of unemployment revealed that 55.9 percent of job seekers had been unemployed for less than six months, 23.0 percent for six to eleven months, and long-term unemployment declined markedly to 21.1 percent from 34.5 percent previously.

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Apple’s Mac Segment Defies Market Expectations With AI-Driven Growth

Apple’s latest quarterly results featured stellar performance from its iPhone sales and burgeoning Services revenue, yet it was the Mac that truly exceeded market expectations. Driving a notable increase fueled by the rising demand for AI workloads, the Mac segment surprised investors with robust growth.

Strong Revenue Beat And Unexpected Growth

Wall Street had forecast Mac revenue in the low $8 billion range; however, Apple reported $8.4 billion in revenue for the quarter ended March 28. This performance not only surpassed estimates but also marked a 6% year-over-year increase, in contrast to the anticipated flat sales. Overall, Apple’s revenue climbed an impressive 17% year-over-year, signaling a healthy diversification of its earnings across core and non-core segments.

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Innovative Launches And A New Wave Of Users

Part of the Mac’s surge can be attributed to recent product launches, notably the well-received MacBook Neo. Launched amid heightened consumer excitement and rapid preorder uptake, the Neo quickly resonated with both existing and new users, setting a quarterly record for attracting first-time Mac customers. CEO Tim Cook noted that customer interest was “off the charts,” a testament to the Neo’s market appeal.

Local AI Innovations And Enterprise Adoption

Surprisingly, Apple identified a surge in demand for Macs driven by local AI workloads. Platforms like OpenClaw have led to rapid adoption, further evidenced by recent sellouts of the Mac mini and Mac Studio devices. In China, where demand for advanced AI computing is particularly fervent, the Mac mini emerged as the top-selling desktop, reinforcing the role of Macs in powering enterprise-grade AI solutions. Notable enterprises, including tech innovator Perplexity, have adopted the Mac as their platform of choice for developing enterprise AI assistants.

Supply Constraints And Future Outlook

Despite the record-breaking demand, Mac revenue remained flat on a quarter-over-quarter basis, indicating that the rising demand is still in its early phases. Cook acknowledged that balancing supply and demand for the Mac mini and Studio models could require several months. He also highlighted supply constraints impacting the MacBook Neo, prompting institutions such as Kansas City Public Schools to transition from Chromebooks to the Neo as their preferred computing solution.

Conclusion

Apple’s latest earnings underscore how strategic product innovations and the increasing relevance of AI are reshaping demand across its product lines. As the tech giant continues to refine its supply chains and capitalize on emerging market trends, its ability to navigate these shifts will be critical to sustaining long-term growth and maintaining its competitive edge.