Financialmirror:Unemployment in Cyprus continues to climb, albeit from a low base. The number of unemployed persons registered at the District Labour Offices reached 16,383 persons on the last day of February, which was 3,103 higher than in February 2008.
This marked the sixth consecutive month of year on year increase. Moreover, the increase, at 23.4% over the year-earlier period, was higher than in previous months.
The Statistical Service reported that the increase was mainly recorded in construction (an increase of 1,117), trade (640), real estate and business activities (440), hotels and restaurants (386) and newcomers (553).
Compared with the previous month, unemployment rose by 597 persons and was mainly concentrated in construction and wholesale and retail trade.
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