Cyprus unemployment rate stable at 4 percent in September 2026

In September 2026, the seasonally adjusted unemployment rate in Cyprus remained at 4 percent, marking no change from August but showing a decline from the 4.2 percent recorded in September 2025. Data released by Eurostat indicates that the total number of unemployed individuals on the island stands at approximately 21,000, down from 22,000 the previous year. Gender-based statistics show male unemployment at 3.7 percent, while female unemployment saw a slight decrease to 4.3 percent from 4.4 percent in August.

The youth unemployment rate for those under 25 years old was reported at 11.3 percent in September 2026, representing a significant drop from 12.9 percent a year earlier, with the absolute number of unemployed youth estimated at approximately 3,000. While the Cypriot labor market continues to perform better than the broader European Union average, the EU as a whole saw its unemployment rate reach 6.2 percent in September, with the euro area recording 6.5 percent, both higher than the figures observed in September 2025.