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Cyprus Unemployment Falls To 3.6% As Employment Reaches New High

Cyprus’ unemployment rate fell to 3.6% in the second quarter of 2026 from 4.3% a year earlier, as employment continued to expand, according to the Cyprus Statistical Service (Cystat).

The number of employed people rose 2.9% year on year to 520,763, while the employment rate increased to 63.2% from 62.6%. The labour force also expanded 2.1% to 540,130 people.

Women Drive Employment Growth

Female employment increased 4.4% to 246,895, lifting the female employment rate to 58.3% from 57.2%. Male employment grew 1.5% to 273,868, while the male rate edged up to 68.5% from 68.3%.

Unemployment fell 14.5% to 19,367 people. The male unemployment rate declined to 3.5% from 3.9%, while the female rate fell more sharply to 3.7% from 4.7%.

Services Remain The Main Employer

Services continued to account for the vast majority of jobs, employing 426,231 people, or 81.8% of total employment, compared with 411,204 a year earlier.

Industry employed 84,135 people, although its share fell to 16.2% from 16.6%. Agricultural employment declined to 10,397 from 11,306, reducing its share to 2%.

The concentration in services was particularly strong among women, with the sector accounting for 92.7% of female employment, compared with 72% among men.

Full-Time Employment Strengthens

Full-time employment increased 3.6% to 475,586 people, raising its share of total employment to 91.3% from 90.6%. Part-time employment fell 4.7% to 45,178, reducing its share to 8.7%. The part-time rate among women declined to 9.9% from 12%, while the male rate increased to 7.6% from 7.1%.

Employees accounted for 467,712 jobs, or 89.8% of total employment, while self-employed workers numbered 53,051. Self-employment increased 4.9% year on year.

Temporary Jobs Increase

Permanent employees numbered 394,406, accounting for 84.3% of employee jobs, down from 85.7% a year earlier.

Temporary employment rose 12.1% to 73,306, increasing its share from 14.3% to 15.7%. The increase was particularly strong among men, whose temporary employment reached 28,307.

Youth Unemployment Also Falls

The unemployment rate among people aged 15 to 24 fell to 12.2% from 14.9%, while the number of unemployed young people declined 20.6% to 3,594. Among those aged 25 to 64, unemployment fell to 15,416 from 17,505, bringing the rate down to 3.2% from 3.7%.

Employment among people aged 20 to 64 reached 493,680, with the employment rate rising to 82.8% from 81.7%. For those aged 55 to 64, the rate increased to 72.6% from 71.5%.

Long-Term Unemployment Remains Stable

Most unemployed people had been searching for work for less than six months. Their number reached 12,086, or 62.4% of total unemployment, compared with 55.9% a year earlier.

A further 3,197 people had been unemployed for six to 11 months, while long-term unemployment fell to 4,084 from 4,792. Despite the decline in numbers, long-term unemployed people still accounted for 21.1% of total unemployment.

Overall, the data show continued improvement in Cyprus’ labour market, with unemployment declining while employment and full-time work expanded.

Meta’s Muse Charm Is More Than A Gimmick — It’s A Bet On Fashionable AI

Meta’s newly announced Muse Charm is already prompting a familiar question: is this a clever attempt to make AI feel more approachable to mainstream consumers, or simply the latest entry in a growing graveyard of flashy hardware that failed to catch on?

Early reactions have been mixed. But one thing is clear: the form factor is timely. In a market increasingly shaped by aesthetics, personalization, and nostalgia, the Charm arrives with the right visual language for the moment.

A Device Designed For A Generation That Likes To Carry Its Personality

For Gen Z consumers, especially, the idea of technology as an accessory is hardly far-fetched. In the post-Labubu era, dangling objects have become cultural currency — from keychains and mini plush toys to beauty products reimagined as bag charms. The appeal is not purely decorative. These items function as signals of identity.

That is precisely why the Charm may resonate. Like the beauty-bag charm trend seen across products such as lip glosses, hand sanitizers, and fragrances, the Muse Charm blends utility with self-expression. It is not just a device. It is a style object.

Hailey Bieber’s Rhode lip case helped push that idea into the mainstream by turning a lip product into something closer to a fashion accessory. The brand’s commercial success underscored how powerful that overlap can be: beauty and utility are no longer separate categories, but increasingly part of the same consumer logic.

The same goes for Labubu, the fuzzy collectible that evolved from niche toy to global phenomenon. While demand for the character may have cooled, the broader bag-charm category has not. Analysts now expect the global market for these accessories to surpass $1 billion by 2030.

The Charm Fits A Wider Retro-Tech Revival

Meta’s Muse Charm also taps into a broader retro-tech movement that has been gaining momentum. Digital cameras, flip phones, iPods, CDs, cassette tapes, wired earbuds, and even landline phones are all finding new life among younger consumers who are increasingly skeptical of always-on, algorithmically optimized technology.

That skepticism has created room for objects that feel tangible, controllable, and personal. For many young people, especially women driving a great deal of this trend, physical tech offers something the digital world often does not: a sense of ownership.

That is part of the appeal behind the growing popularity of so-called cyberdecks, DIY portable computers that are often decorated with jewels, flowers, stickers, pearls, and other embellishments. The point is not just function. It is intimacy.

The Apple Watch Trend Shows The Market Already Exists

There is another, more immediate reference point for Muse Charm: the growing TikTok-driven trend of turning older Apple Watches into keychains, pendants, and bag accessories. Across Amazon, Walmart, eBay, and Etsy, thousands of such products already exist, ranging from practical straps to decorative cases.

In many cases, these items are being worn less as gadgets and more as fashion objects. That distinction matters. It suggests the market is already primed for devices that blur the line between technology and accessory — especially when the technology is small enough to personalize and visible enough to signal taste.

In that sense, Meta is not inventing a new behavior so much as trying to package an existing one.

Meta’s Biggest Challenge Is Not Design. It Is Trust.

Still, good timing does not guarantee success. The biggest obstacle facing Muse Charm may not be product-market fit, but Meta itself.

The company has spent years eroding consumer trust through repeated privacy controversies, regulatory penalties, and public scrutiny over harms to minors. That history is difficult to separate from any new device that asks users to invite Meta even deeper into their daily lives.

And that is the central tension. If Muse Charm is positioned as a free or low-cost AI companion, the real currency may not be the hardware itself but the data it generates. Meta has said it plans to monetize Muse through a small transaction fee, but the broader business model is unmistakable: highly personalized advertising powered by highly personal behavior.

For consumers, the calculation may come down to a familiar tradeoff. The device may be playful, fashionable, and culturally on point. But whether users are willing to trust Meta with another layer of their lives is a far harder question.

That may ultimately determine whether Muse Charm becomes a breakout product — or just another well-designed gadget that could not overcome the baggage of the company behind it.

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