Cyprus Unemployment Drops To 3.1% In May Outperforming EU Average
Unemployment in Cyprus Falls to 3.1% in May, Eurostat Says
Notable Decline in Unemployed Persons
Cyprus’ seasonally adjusted unemployment rate fell to 3.1% in May 2026, down from 3.2% in April and 4.5% recorded in May 2025. According to data published by Eurostat on Thursday, the number of unemployed persons in Cyprus declined from 24,000 in May 2025 to 16,000 in May 2026.
Gradual Monthly Improvements
Unemployment in Cyprus continued its gradual downward trend in recent months, easing from 3.5% in February 2026 to 3.3% in March, 3.2% in April and 3.1% in May.
Analysis of Labor Shifts by Gender
Regarding unemployment by gender, the unemployment rate for men in Cyprus fell from 4.2% in May 2025 to 2.9% in May 2026. Among women, the rate stood at 3.3% in May 2026, compared with 4.9% in the corresponding month of the previous year.
Comparative European Benchmarks
Across the European Union, the seasonally adjusted unemployment rate stood at 5.9% in May 2026, unchanged from April and down from 6.0% in May 2025. In the euro area, the unemployment rate was 6.2%, also unchanged from April 2026 and down from 6.3% in May 2025.
