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Vacancy rate 3.0%
The number of job vacancies in the first quarter of 2024 amounted to 13,229, an increase of 901 (7.3%) compared to the corresponding quarter of the previous year, which was 12,328. Compared to Q4 2023, there was an increase of 1,191 positions (9.9%). (Table 1)
The vacancy rate as a percentage of total employees and vacancies in Q1 2024 was 3.0%, compared to 2.8% in the previous quarter as well as the corresponding quarter in 2023. The highest vacancy rates in Q1 2024 were observed in the Accommodation and Food Service Activities (7.8%), Professional, Scientific and Technical Activities (3.2%) and Information and Communication (3.1%). (Table 2)
| Table 1 |
| Economic activity |
[TD]
Number of vacancies
[/TD] [TD]% Change
[/TD][TR] [TD]
T1
2023
[/TD] [TD]T4
2023
[/TD] [TD]T1
2024
[/TD] [TD]T1 2024/ T4 2023
[/TD] [TD]
T1 2024/2023
[/TD] [/TD] [/TR] [TR] [TD]Mines and Quarries
[/TD] [TD]3
[/TD] [TD]3
[/TD] [TD]5
[/TD] [TD]66,7
[/TD] [TD]66,7
[/TD] [/TR] [TR] [TD]Manufacturing
[/TD] [TD]924
[/TD] [TD]624
[/TD] [TD]690
[/TD] [TD]10,6
[/TD] [TD]-25.3
[/TD] [/TR] [TR] [TD]Power Supply, Natural Gas, Steam and Air Conditioning
[/TD] [/TD] [TD]1
[/TD] [TD]4
[/TD] [TD]9
[/TD] [TD]125.0
[/TD] [TD]800,0
[/TD] [/TR] [TR] [TD]Water Supply, Wastewater Treatment, Waste Management and Remediation Activities
[/TD] [TD]42
[/TD] [TD]90
[/TD] [TD]79
[/TD] [TD]-12,2
[/TD] [TD]88.1
[/TD] [/TR] [TR] [TD]Construction
[/TD] [TD]858
[/TD] [TD]980
[/TD] [TD]1.022
[/TD] [TD]4,3
[/TD] [TD]19,1
[/TD] [/TD] [/TR] [TR] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [TD]2.126
[/TD] [TD]2.659
[/TD] [TD]2.322
[/TD] [TD]-12.7
[/TD] [TD]9.2
[/TD] [/TD] [/TR] [TR] [TD]Transport and Storage
[/TD] [TD]717
[/TD] [TD]511
[/TD] [TD]587
[/TD] [TD]14,9
[/TD] [TD]-18.1
[/TD] [/TR] [TR] [TD]Accommodation and food service activities
[/TD] [TD]3.422
[/TD] [TD]1.469
[/TD] [TD]3.869
[/TD] [TD]163.4
[/TD] [TD]13.1
[/TD] [/TD] [/TR] [TR] [TD]Update and Contact
[/TD] [TD]478
[/TD] [TD]483
[/TD] [TD]603
[/TD] [TD]24,8
[/TD] [TD]26.2
[/TD] [/TR] [TR] [TD]Financial and Insurance Activities
[/TD] [/TD] [TD]548
[/TD] [TD]413
[/TD] [TD]372
[/TD] [TD]-9,9
[/TD] [TD]-32.1
[/TD] [/TR] [TR] [TD]Real Estate Management
[/TD] [TD]71
[/TD] [TD]43
[/TD] [TD]13
[/TD] [TD]-69,8
[/TD] [TD]-81.7
[/TD] [/TD] [/TR] [TR] [TD]Professional, Scientific and Technical Activities
[/TD] [TD]714
[/TD] [TD]1.122
[/TD] [TD]1.267
[/TD] [TD]12.9
[/TD] [TD]77,5
[/TD] [/TR] [TR] [TD]Administrative and Support Activities
[/TD] [TD]553
[/TD] [TD]970
[/TD] [TD]547
[/TD] [TD]-43,6
[/TD] [TD]-1.1
[/TD] [/TR] [TR] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]347
[/TD] [TD]695
[/TD] [TD]453
[/TD] [TD]-34.8
[/TD] [TD]30,5
[/TD] [/TR] [TR] [TD]Education
[/TD] [TD]411
[/TD] [TD]894
[/TD] [TD]415
[/TD] [TD]-53.6
[/TD] [TD]1,0
[/TD] [/TR] [TR] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]463
[/TD] [TD]531
[/TD] [TD]675
[/TD] [TD]27,1
[/TD] [TD]45.8
[/TD] [/TR] [TR] [TD]Τέχνες, Entertainment and Recreation
[/TD] [/TD] [TD]99
[/TD] [TD]57
[/TD] [TD]149
[/TD] [TD]161.4
[/TD] [TD]50,5
[/TD] [/TR] [TR] [TD]Other Service Activities
[/TD] [TD]551
[/TD] [TD]490
[/TD] [TD]152
[/TD] [TD]-69,0
[/TD] [TD]-72.4
[/TD] [/TD] [/TR] [TR] [TD]Total
[/TD] [TD]12.328
[/TD] [TD]
12,038
[/TD] [TD]13.229
[/TD] [TD]9.9
[/TD] [TD]7,3
[/TD] [/TR]
| Table[2] |
[TR] [TD]
Economic Activity
[/TD] [TD]Vacancy Rate
(%)
[/TD] [TD][/TD] [/TR] [TR] [TD]
T1 2023
[/TD] [TD]T42023
[/TD] [TD]T12024
[/TD] [TD][/TD] [/TR] [TR] [TD]
Mines and Quarries
[/TD] [TD]0,7
[/TD] [TD]0,5
[/TD] [TD]0,9
[/TD] [TD][/TD] [/TR] [TR] [TD]
Manufacturing
[/TD] [TD]2,5
[/TD] [TD]1.7
[/TD] [TD]1.9
[/TD] [TD][/TD] [/TR] [TR] [TD]
Electricity supply, Natural Gas, Steam and Air Conditioning
[/TD] [/TD] [TD]0,1
[/TD] [TD]0,2
[/TD] [TD]0,6
[/TD] [TD][/TD] [/TR] [TR] [TD]
Water Supply, Waste Water Treatment, Waste Management and Remediation Activities
[/TD] [/TD] [TD]1,2
[/TD] [TD]2,5
[/TD] [TD]2,5
[/TD] [TD][/TD] [/TR] [TR] [TD]
Construction
[/TD] [TD]2,1
[/TD] [TD]2,5
[/TD] [TD]2,5
[/TD] [/TD] [TD][/TD] [/TR] [TR] [TD]
Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]2,8
[/TD] [TD]3,5
[/TD] [TD]3,0
[/TD] [TD][/TD] [/TR] [TR] [TD]
Transport and storage
[/TD] [TD]3,8
[/TD] [TD]2,8
[/TD] [TD]3,0
[/TD] [TD][/TD] [/TR] [TR] [TD]
Accommodation and food service activities
[/TD] [TD]7,1
[/TD] [TD]3,0
[/TD] [TD]7,8
[/TD] [TD][/TD] [/TR] [TR] [TD]
Update and Communication
[/TD] [TD]2,8
[/TD] [TD]2,9
[/TD] [TD]3,1
[/TD] [TD][/TD] [/TR] [TR] [TD]
Financial and Insurance Activities
[/TD] [TD]2,4
[/TD] [TD]1,9
[/TD] [TD]1,7
[/TD] [TD][/TD] [/TR] [TR] [TD]
Real Estate Management
[/TD] [TD]1,9
[/TD] [TD]1,2
[/TD] [TD]0,3
[/TD] [TD][/TD] [/TR] [TR] [TD]
Professional, Scientific and Technical Activities
[/TD] [/TD] [TD]1,8
[/TD] [TD]3,0
[/TD] [TD]3,2
[/TD] [TD][/TD] [/TR] [TR] [TD]
Administrative and Support Activities
[/TD] [/TD] [TD]3,0
[/TD] [TD]5,2
[/TD] [TD]2,9
[/TD] [TD][/TD] [/TR] [TR] [TD]
Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]1,1
[/TD] [TD]2,2
[/TD] [TD]1,4
[/TD] [TD][/TD] [/TR] [TR] [TD]
Education
[/TD] [TD]1,2
[/TD] [TD]2,4
[/TD] [TD]1,2
[/TD] [TD][/TD] [/TR] [TR] [TD]
Activities Related to Human Health and Social Care
[/TD] [TD]2,0
[/TD] [TD]2,3
[/TD] [TD]2,7
[/TD] [TD][/TD] [/TR] [TR] [TD]
Arts, Entertainment and Recreation
[/TD] [TD]1,3
[/TD] [TD]0,7
[/TD] [TD]1,8
[/TD] [TD][/TD] [/TR] [TR] [TD]
Other service activities
[/TD] [/TD] [TD]4,4
[/TD] [TD]3,9
[/TD] [TD]1,3
[/TD] [TD][/TD] [/TR] [TR] [TD]
Total
[/TD] [TD]
2,8
[/TD] [TD]
2,8
[/TD] [TD]3,0
[/TD] [TD][/TD] [/TR]
Methodological information
Definitions
A job vacancy is a paid position that is either newly created or unoccupied or is about to become vacant and for which the employer is taking active action to find a candidate outside the undertaking concerned and intends to fill it either immediately or within a specified time.
Vacancy rate is the percentage of vacancies as a proportion of total employees and vacancies.
Data coverage
The survey covers enterprises with 1 or more persons employed classified in all economic activities according to the NACE Rev. 2 of the European Union, except Sections A (Agriculture, Forestry and Fishing), T (Activities of Households as Employers; Undifferentiated goods and services activities of households for own use) and U (Activities of Unincorporated Enterprises).
Data collection
Data are collected by a telephone survey of enterprises, conducted on a quarterly basis.
For more information, the public can visit the Statistical Service Portal, under Labour Market, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information, or contact Ms. Maria Koussiis at 22602235 or at mkkoushi@cystat.mof.gov.cy.
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.
(AF)
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