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Vacancy rate 2.9%
The number of job vacancies in the 3rd quarter of 2023 amounted to 12,274, an increase of 3,100 (33.8%) compared to 9,174 in the corresponding quarter of the previous year. Compared to Q2 2023, there was a decrease of 753 positions (-5.8%). (Table 1)
The vacancy rate as a percentage of total employees and vacancies in Q3 2023 was 2.9%, compared to 2.9% and 2.2% in the previous quarter and the corresponding quarter of 2022, respectively. The highest vacancy rates in Q3 2023 were in the Administrative and Support Activities (4.5%), Information and Communication (4.0%), and Accommodation and Food Service Activities (3.9%). (Table 2)
| Table 1 |
| Nace Rev.2 |
[TD]
Economic Activity
[/TD] [TD]Number of vacancies
[/TD] [TD] [TD]% Change
[/TD][TR] [TD]
T3
2022
[/TD] [TD]T2
2023
[/TD] [TD]T3
2023
[/TD] [TD]T3 2023/ T2 2023
[/TD] [TD]T3 2023/2022
[/TD] [/TD] [TD]T3 2023/2022
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]Mining and Quarrying
[/TD] [TD]3
[/TD] [TD]15
[/TD] [TD]4
[/TD] [TD]-73,3
[/TD] [TD]33.3
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]586
[/TD] [TD]524
[/TD] [TD]869
[/TD] [TD]65,8
[/TD] [TD]48.3
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Power Supply, Natural Gas, Steam and Air Conditioning
[/TD] [/TD] [TD]4
[/TD] [TD]70
[/TD] [TD]6
[/TD] [TD]-91,4
[/TD] [TD]50,0
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water supply, Wastewater Treatment, Waste Management and Sanitation Activities
[/TD] [/TD] [TD]114
[/TD] [TD]73
[/TD] [TD]79
[/TD] [TD]8,2
[/TD] [TD]-30.7
[/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]337
[/TD] [TD]628
[/TD] [TD]749
[/TD] [TD]19.3
[/TD] [TD]122,3
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]1.393
[/TD] [TD]2,069
[/TD] [TD]2.304
[/TD] [TD]11.4
[/TD] [TD]65,4
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and Storage
[/TD] [TD]801
[/TD] [TD]857
[/TD] [TD]527
[/TD] [TD]-38,5
[/TD] [TD]-34.2
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]2.446
[/TD] [TD]4.080
[/TD] [TD]2.058
[/TD] [TD]-49.6
[/TD] [TD]-15,9
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and Contact
[/TD] [TD]394
[/TD] [TD]582
[/TD] [TD]629
[/TD] [TD]8,1
[/TD] [TD]59,6
[/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]413
[/TD] [TD]533
[/TD] [TD]466
[/TD] [TD]-12,6
[/TD] [TD]12,8
[/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [TD]45
[/TD] [TD]109
[/TD] [TD]90
[/TD] [TD]-17.4
[/TD] [TD]100,0
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [TD]823
[/TD] [TD]759
[/TD] [TD]1.001
[/TD] [TD]31.9
[/TD] [TD]21,6
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]303
[/TD] [TD]586
[/TD] [TD]808
[/TD] [TD]37,9
[/TD] [TD]166.7
[/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]452
[/TD] [TD]295
[/TD] [TD]753
[/TD] [TD]155.3
[/TD] [TD]66,6
[/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]476
[/TD] [TD]892
[/TD] [TD]950
[/TD] [TD]6.5
[/TD] [TD]99,6
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]340
[/TD] [TD]524
[/TD] [TD]680
[/TD] [TD]29,8
[/TD] [TD]100.0
[/TD] [/TR] [TR] [TD]R
[/TD] [TD]Teχνες, Entertainment and Recreation
[/TD] [/TD] [TD]63
[/TD] [TD]245
[/TD] [TD]102
[/TD] [TD]-58.4
[/TD] [TD]61,9
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Service Activities
[/TD] [TD]181
[/TD] [TD]186
[/TD] [TD]199
[/TD] [TD]7,0
[/TD] [/TD] [TD]9.9
[/TD] [/TR] [TR] [TD][/TD] [TD]
Total
[/TD] [TD]9.174
[/TD] [TD]
13.027
[/TD] [TD]12.274
[/TD] [TD]-5.8
[/TD] [TD]33,8
[/TD] [/TR]
| Table 2 |
[/TR] [TR] [TD]
Nace Rev.2
[/TD] [TD]Economic Activity
[/TD] [TD]Vacancy Rate
(%)
[/TD] [/TR] [TR] [TD]T3 2022
[/TD] [TD]
T2 2023
[/TD] [TD]T3 2023
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]Mining and quarrying
[/TD] [TD]0,6
[/TD] [TD]2,7
[/TD] [TD]0,6
[/TD] [/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]1,6
[/TD] [TD]1,4
[/TD] [TD]2,4
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, natural gas, Steam and Air Conditioning
[/TD] [/TD] [TD]0,3
[/TD] [TD]4,1
[/TD] [TD]0,4
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Sanitation Activities
[/TD] [/TD] [TD]3,5
[/TD] [TD]2,0
[/TD] [TD]2,1
[/TD] [/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]0,9
[/TD] [TD]1,6
[/TD] [TD]1,9
[/TD] [/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, Repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]1,9
[/TD] [TD]2,7
[/TD] [TD]3,1
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and Storage
[/TD] [TD]4,5
[/TD] [TD]4,5
[/TD] [TD]2,9
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]4,6
[/TD] [TD]7,3
[/TD] [TD]3,9
[/TD] [/TD] [/TR] [TR] [TD]J
[/TD] [TD]Information and Communication
[/TD] [TD]2,7
[/TD] [TD]3,3
[/TD] [TD]4,0
[/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]2,0
[/TD] [TD]2,4
[/TD] [TD]2,2
[/TD] [/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [/TD] [TD]1,4
[/TD] [TD]2,8
[/TD] [TD]2,5
[/TD] [/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [/TD] [TD]2,3
[/TD] [TD]1,9
[/TD] [TD]2,8
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]1,9
[/TD] [TD]3,1
[/TD] [TD]4,5
[/TD] [/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]1,5
[/TD] [TD]0,9
[/TD] [TD]2,4
[/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]1.5
[/TD] [TD]2.6
[/TD] [TD]2,9
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]1,5
[/TD] [TD]2,2
[/TD] [TD]2,9
[/TD] [/TD] [/TR] [TR] [TD]R
[/TD] [TD]Arts, Entertainment and amusement
[/TD] [/TD] [TD]0,9
[/TD] [TD]3,2
[/TD] [TD]1,3
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other service activities
[/TD] [TD]1,6
[/TD] [TD]1,5
[/TD] [TD]1,6
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD]Total
[/TD] [TD]2,2
[/TD] [TD]2,9
[/TD] [TD]2,9
[/TD] [/TR] [/TR]
Methodological information
Definitions
A vacant job is a paid position that has either been recently created, not filled or is about to be filled, 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 period of time.
Vacancy rate is the ratio of vacancies to 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 through a telephone survey of businesses, conducted on a quarterly basis.
For more information, the public can visit the Statistical Service Gateway, under Labor 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.
(GC/MS)
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