Updated
Updated · en.philenews.com · Jul 4
Cyprus June Unemployment Rises 9.9% to 10,056 as Tourism Slump Delays Hiring
Updated
Updated · en.philenews.com · Jul 4

Cyprus June Unemployment Rises 9.9% to 10,056 as Tourism Slump Delays Hiring

1 articles · Updated · en.philenews.com · Jul 4

Summary

  • Cyprus had 10,056 registered unemployed people at the end of June, up 903 from a year earlier in a month that usually brings seasonal hiring gains.
  • The rise followed a delayed tourism season after the March 1 drone crash at British bases fueled safety concerns, weak March-April arrivals and revenues, and left some hotels closed or operating with minimal staff.
  • Seasonally adjusted unemployment also edged higher to 10,656 in June from 10,543 in May, with the annual increase concentrated in accommodation and food services, public administration, education, and health and social work.
  • Tourism groups STEK and PASYXE are urging an immediate working group on lifeguard shortages, including incentives for young people, students and unemployed workers to gain certification as the industry hopes for a July rebound from last-minute bookings.

Insights

Are unlicensed hotels and lifeguard strikes a greater long-term threat to Cyprus tourism than recent geopolitical events?
With its tourism sector shaken by conflict, can Cyprus pivot its economy fast enough to prevent a wider crisis?