Cyprus’s unemployment rose 27 percent in November from a year earlier as the retail and wholesale, construction, manufacturing, hotel and restaurant industries cut jobs, the Cyprus Statistical Service said.
Unemployment in the euro area’s third-smallest economy climbed to 31,826 people and increased 18 percent from October, the statistical office said in a statement on its website today.
Construction and manufacturing in the third quarter dropped after a July 11 munitions blast at a naval base damaged a neighbouring power plant, knocking out half of Cyprus’s generating capacity, the agency said on Nov. 15.
Unemployment in the retail and wholesale trade rose by 1,644 in November from a year earlier and that in construction by 1,363, the service reported.
To contact the reporter on this story: Paul Tugwell in Athens at email@example.com or
To contact the editor responsible for this story: Angela Cullen at firstname.lastname@example.org