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[PIO] Job vacancies: 4th Quarter 2022, Vacancy rate 1.9%

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[H]The number of Job Vacancies in the 4th quarter of 2022 amounted to 7,821. The number of job vacancies decreased by 1,822 (-18.9%) compared to 9,643 in the same quarter last year. Compared to Q3 2022, there was a decrease of 1,353 (-14.7%). (Table 1)[/H]

The overall vacancy rate in Q4 2022 was 1.9%, compared to 2.2% and 2.4% in the previous quarter and the corresponding quarter of 2021, respectively. The highest vacancy rates in Q4 2022 were observed in the Accommodation and Food Service Activities (3.0%), Water Supply, Wastewater Treatment, Waste Management and Sanitation Activities (2.9%), followed by Financial and Insurance Activities, Administrative and Support Activities and Education with the same percentage (2.5%). (Table 2)

For tables click here.

METHODOLOGICAL INFORMATION

Definitions

A job vacancy is a paid position that has either been recently created, not filled or about to be filled, and for which the employer is taking active action to find a candidate outside the enterprise concerned and intends to fill it either immediately or within a specified period of time.

Vacancy rate is the percentage of vacancies as a percentage 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:

Statistics Service Portal, under Labour Market

CYSTAT-DB (Database)

Predefined Tables (Excel)

Methodological Details

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

Maria Koussiis: Tel. mkkoushi@cystat.mof.gov.cy

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