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October Jobless Rate Up 3.4%

cyprus unemployment rateThe number of jobless people rose by 3.4 percent to 24,411 for the month of October compared to September, said the Cyprus Statistical Service (CYSTAT).

When compared to October 2009, the survey shows that there was a 20.8 percent increase in unemployment figures. The main sectors that have been hit by layoffs are trade, manufacturing, construction, hotels and restaurants and real estate activities, according to the survey.

Poll

Do you think Cyprus should leave the euro and return to the pound?
Yes, we're too exposed to the eurozone's woes
62%
No, we can get through the crisis and benefit from the euro
25%
Undecided, there are pros and cons on both sides
13%
Total votes: 501