Press Releases

Job Vacancy Rate 2,8%

The number of job vacancies in the 4^th quarter of 2023 reached 12.038, recording an increase of 4.217 vacancies (53,9%) compared to the same quarter of the previous year where the number was 7.821. Compared to the 3^rd quarter of 2023, the number of job vacancies decreased by 236 (-1,9%). (Table 1)

The job vacancy rate in the 4^th quarter of 2023 was 2,8%, while the job vacancy rate in the previous quarter and the 4^th quarter of 2022 was 2,9% and 1,9% respectively. The largest job vacancy rates in the 4^th quarter of 2023 were observed in the Sectors of Administrative and Support Service Activities (5,2%), Other Service Activities (3,9%) and Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles (3,5%). (Table 2)

Methodological information

Definitions

A job vacancy is a paid post that is newly created, unoccupied or about to become vacant and for which the employer is taking active steps to find a suitable candidate from outside the enterprise concerned and intends to fill it either immediately or within a specific period of time.

The job vacancy rate is the number of job vacancies expressed as a percentage of the total number of occupied posts and job vacancies.

Coverage

The survey covers enterprises with 1 or more employees classified in all sectors of economic activities according to the Statistical Classification of Economic Activities NACE Rev. 2 of the European Union system, except Sectors A (Agriculture, Forestry and Fishing), T (Activities of Households as Employers; Undifferentiated Goods and Services-Producing Activities of Households for own use) and U (Activities of Extraterritorial Organizations and Bodies).

Collection of Data

The data collection is carried out by telephone interviews every quarter.

For more information, visit CYSTAT Portal, subtheme Labour Market, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information , or contact Ms Maria Kkoushi at 22602235 or via e-mail: mkkoushi@cystat.mof.gov.cy.

The data included in the Predefined Tables in Excel format are available up to 4th Quarter 2021. Data from the 1st Quarter 2022 onwards are available only in the CYSTAT-DB Online Database.

(GS/AP)