Unemployment hits new record in August

Unemployment has hit new record high according to figures released Wednesday by the official Statistical Service.

According to the Statistical Service, the number of unemployed, registered at the District Labour Offices on the last day of August 2013, reached 48,451 persons compared to 48,001 in July and 33,934 in August 2012.

In comparison with August 2012, an increase of 14,517 persons or 42.8 per cent was recorded, mainly in trade, education, financial and insurance activities and construction.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.