In Cyprus, the unemployment rate rose to 4.1% in August 2026, marking the third consecutive month of increases. According to Eurostat data reported by Cyprus Mail , unemployment stood at 4.0% in July, 3.9% in June, and 3.8% in May. At the same time, Cyprus's rate remained below the average level in the European Union, which stood at 6.1% in August, and in the euro area, where it was 6.4%. Eurostat estimated the number of unemployed people on the island at approximately 22,000. This was the same as in August 2025, but higher than about 20,000 in May 2026. In June and July, the number of unemployed people was estimated at around 21,000. In the EU, the unemployment rate remained unchanged from July at 6.1% in August, but was higher than the 6.
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