Cyprus unemployment rate rises to 4.1 per cent in August 2026

Nicosia, Cyprus. Cyprus’ unemployment rate rose to 4.1 per cent in August 2026, according to Eurostat, while rates across the European Union and euro area remained unchanged from July. The Cyprus rate remained below the EU rate of 6.1 per cent and the euro area rate of 6.4 per cent.

Cyprus records three consecutive monthly increases

The unemployment rate in Cyprus increased from 4.0 per cent in July and 3.9 per cent in June, after standing at 3.8 per cent in May.

The rate was 4.2 per cent in August 2025 before falling to 3.8 per cent in May 2026 and rising over the following three months.

Eurostat estimated that around 22,000 people were unemployed in Cyprus in August, unchanged from August 2025. The figure was up from around 20,000 in May and around 21,000 in both June and July.

EU and euro area rates stable month on month

Across the EU, the unemployment rate was 6.1 per cent in August, unchanged from July but up from 6.0 per cent in August 2025.

Eurostat estimated that around 13.6 million people were unemployed across the EU in August, an increase of 12,000 from July and 348,000 compared with August 2025.

In the euro area, the unemployment rate stood at 6.4 per cent in August, unchanged from July and up from 6.3 per cent a year earlier.