Unemployment Falls to 5.5 Year Low

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The number of unemployed people fell to a five-and-a-half-year low in June, according to official statistics.

There are 30, 577 people without a job, said the Cyprus Statistics Service (CySTAT). The last time the unemployment numbers were at that level was in November 2011.

The most vulnerable group are still the young people just entering the job market. Waiting in line to pay my water bill, I spoke with a man in his mid-twenties who is unemployed with a baby and a wife. Each month he pays just part of his water bill and electricity bill. The authorities assist him with a payment plan so that he can keep the air conditioning on and the water running. But the situation is embarrassing to him as a family man. And the prices are too high for someone – anyone – in his position. As a young man he is already in debt for essential utilities like water and electricity.

While unemployment is going down, the young generations, the ones who should be the first with hopes and dreams, are being let down by a weaker economy. It’s not their fault, and they could choose to live anywhere in the EU, so why should they choose Cyprus if they are not properly supported?

That’s a question this young man asks himself every day, no doubt.

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