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[PIO] Employment-National Accounts: 4th Quarter 2022 (Preliminary Estimate)

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Annual Change +3.0% in Persons and +3.5% in Hours worked

Persons

The total number of workers employed in Q4 2022 is estimated at 461.345 persons, of which 410,634 are employees and 50,711 are self-employed.

Compared to the same quarter in 2021, total employment for Q4 2022 increased by 3%. The most significant percentage increases were observed in Information and communication (NACE J), Accommodation and food service activities (NACE I), Professional, scientific and technical activities (NACE M) and Administrative and support service activities (NACE N).


Hours worked

Actual hours worked for the fourth quarter of 2022 are estimated at 211,235 thousand, an increase of 3.5% compared to the corresponding quarter of 2021. The most significant percentage increases were observed in Accommodation and food service activities (NACE I), Information and communication (NACE J), Professional, scientific and technical activities (NACE M) and Administrative and support service activities (NACE N).


Methodological information

Coverage and methodology

Information is provided on the number of persons employed and hours worked by economic activity and occupational status (self-employed and employees).

The statistics on the number of persons employed and hours worked by economic activity and occupational status (self-employed and employees) are presented on the basis of the NACE Rev.2 classification system and the methodology for calculating employment in national accounts based on the European System of Accounts 2010 (ESA 2010).

Data source

For the extraction of data, data are used on a quarterly basis from the following sources.

- Employment and Vacancy Survey,

- Labour Force Survey,

- Employment (in persons) from the Social Security Register,

- General Accounting Office of the Republic.

For more information:

Statistical Service Portal, under National Accounts, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information

The Predefined Tables in Excel format include data up to Q4 2021. For data from Q1 2022 onwards, the update is done only in the CYSTAT-DB Database.

Contact:

Dimitriou Stavroula: Tel:+35722602205, Tel: sdemetriou@cystat.mof.gov.cy

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Views & opinions expressed are those of the author and/or PIO

Source

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