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Vacancy rate 2.8%
The number of job vacancies in the 4th quarter of 2023 amounted to 12,038, an increase of 4,217 (53.9%) compared to 7,821 in the corresponding quarter of the previous year. Compared to Q3 2023, there was a decrease of 236 positions (-1.9%). (Table 1)
The vacancy rate as a percentage of total employees and vacancies in Q4 2023 was 2.8%, compared to 2.9% and 1.9% in the previous quarter and the corresponding quarter of 2022, respectively. The highest vacancy rates in Q4 2023 were in Administrative and Support Activities (5.2%), Other Service Activities (3.9%) and Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles (3.5%). (Table 2)
| Table 1 |
|
Nace Rev.2 |
[TD]
Economic Activity
[/TD] [TD]Number of vacancies
[/TD] [TD]Number of vacancies
[/TD] [TD]% Change
[/TD][TR] [TD]
T4 2022
[/TD] [TD]T3 2023
[/TD] [TD] [TD]T4 2023
[/TD] [TD]T4 2023 / T3 2023
[/TD] [TD]T4 2023/2022
[/TD] [/TD] [/TR] [TR] [TD] [TD]B
[/TD] [TD]Mining and Quarrying
[/TD] [TD]10
[/TD] [TD]4
[/TD] [TD]3
[/TD] [TD]-25,0
[/TD] [TD]-70.0
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]471
[/TD] [TD]869
[/TD] [TD]624
[/TD] [TD]-28,2
[/TD] [TD]32.5
[/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, natural gas, Steam and Air Conditioning
[/TD] [/TD] [TD]32
[/TD] [TD]6
[/TD] [TD]4
[/TD] [TD]-33,3
[/TD] [TD]-87,5
[/TD] [/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Remediation Activities
[/TD] [/TD] [TD]93
[/TD] [TD]79
[/TD] [TD]90
[/TD] [TD]13,9
[/TD] [TD]-3.2
[/TD] [/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]353
[/TD] [TD]749
[/TD] [TD]980
[/TD] [TD]30.8
[/TD] [TD]177,6
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]1.158
[/TD] [TD]2,304
[/TD] [TD]2.659
[/TD] [TD]15.4
[/TD] [TD]129,6
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and Storage
[/TD] [TD]340
[/TD] [TD]527
[/TD] [TD]511
[/TD] [TD]-3,0
[/TD] [TD]50.3
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]1.415
[/TD] [TD]2.058
[/TD] [TD]1.469
[/TD] [TD]-28.6
[/TD] [TD]3,8
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and Contact
[/TD] [TD]234
[/TD] [TD]629
[/TD] [TD]483
[/TD] [TD]-23,2
[/TD] [TD]106,4
[/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]515
[/TD] [TD]466
[/TD] [TD]413
[/TD] [TD]-11,4
[/TD] [TD]-19.8
[/TD] [/TR] [TR] [TD]L
[/TD] [TD]Property Management
[/TD] [TD]8
[/TD] [TD]90
[/TD] [TD]43
[/TD] [TD]-52,2
[/TD] [TD]437.5
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [TD]736
[/TD] [TD]1.001
[/TD] [TD]1.122
[/TD] [TD]12.1
[/TD] [TD]52,4
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]408
[/TD] [TD]808
[/TD] [TD]970
[/TD] [TD]20,0
[/TD] [TD]137.7
[/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]727
[/TD] [TD]753
[/TD] [TD]695
[/TD] [TD]-7.7
[/TD] [TD]-4,4
[/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]849
[/TD] [TD]950
[/TD] [TD]894
[/TD] [TD]-5.9
[/TD] [TD]5,3
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]304
[/TD] [TD]680
[/TD] [TD]531
[/TD] [TD]-21,9
[/TD] [TD]74.7
[/TD] [/TR] [TR] [TD]R
[/TD] [TD]Tech, Entertainment and Recreation
[/TD] [/TD] [TD]80
[/TD] [TD]102
[/TD] [TD]57
[/TD] [TD]-44.1
[/TD] [TD]-28,8
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Service Activities
[/TD] [TD]88
[/TD] [TD]199
[/TD] [TD]490
[/TD] [TD]146,2
[/TD] [/TD] [TD]456.8
[/TD] [/TR] [TR] [TD][/TD] [TD]
Total
[/TD] [TD]7.821
[/TD] [TD]
12,274
[/TD] [TD]12.038
[/TD] [TD]-1.9
[/TD] [TD]53,9
[/TD] [/TR]
| Table 2 |
[/TD] [/TR] [TR] [TD]
Nace Rev.2
[/TD] [TD]Economic Activity
[/TD] [TD]Vacancy Rate
(%)
[/TD] [/TR] [TR] [TD] [TD]T4 2022
[/TD] [TD]T3 2023
[/TD] [TD]T4 2023
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]Mining and quarrying
[/TD] [TD]1,9
[/TD] [TD]0,6
[/TD] [TD]0,5
[/TD] [/TD] [/TR] [TR] [TD]C
[/TD] [TD]Manufacturing
[/TD] [TD]1,3
[/TD] [TD]2,4
[/TD] [TD]1,7
[/TD] [/TD] [/TR] [TR] [TD]D
[/TD] [TD]Supply of electricity, natural gas, Steam and Air Conditioning
[/TD] [/TD] [TD]2,0
[/TD] [TD]0,4
[/TD] [TD]0,2
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]Water Supply, Wastewater Treatment, Waste Management and Sanitation Activities
[/TD] [/TD] [TD]2,9
[/TD] [TD]2,1
[/TD] [TD]2,5
[/TD] [/TD] [/TR] [TR] [TD]F
[/TD] [TD]Construction
[/TD] [TD]0,9
[/TD] [TD]1,9
[/TD] [TD]2,5
[/TD] [/TR] [TR] [TD]G
[/TD] [TD]Wholesale and retail trade, Repair of motor vehicles and motorcycles
[/TD] [/TD] [TD]1,6
[/TD] [TD]3,1
[/TD] [TD]3,5
[/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transport and Storage
[/TD] [TD]2.0
[/TD] [TD]2.9
[/TD] [TD]2,8
[/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]3,0
[/TD] [TD]3,9
[/TD] [TD]3,0
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Information and Communication
[/TD] [TD]1,6
[/TD] [TD]4,0
[/TD] [TD]2,9
[/TD] [/TR] [TR] [TD]K
[/TD] [TD]Financial and Insurance Activities
[/TD] [TD]2,5
[/TD] [TD]2,2
[/TD] [TD]1,9
[/TD] [/TD] [/TR] [TR] [TD]L
[/TD] [TD]Real Estate Management
[/TD] [/TD] [TD]0,2
[/TD] [TD]2,5
[/TD] [TD]1,2
[/TD] [/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, Scientific and Technical Activities
[/TD] [/TD] [TD]2,1
[/TD] [TD]2,8
[/TD] [TD]3,0
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and Support Activities
[/TD] [TD]2,5
[/TD] [TD]4,5
[/TD] [TD]5,2
[/TD] [/TD] [/TR] [TR] [TD]O
[/TD] [TD]Public Administration and Defence, Compulsory Social Security
[/TD] [/TD] [TD]2,3
[/TD] [TD]2,4
[/TD] [TD]2,2
[/TD] [/TR] [TR] [TD]P
[/TD] [TD]Education
[/TD] [TD]2,5
[/TD] [TD]2,9
[/TD] [TD]2,4
[/TD] [/TR] [TR] [TD]Q
[/TD] [TD]Activities Related to Human Health and Social Care
[/TD] [TD]1,3
[/TD] [TD]2,9
[/TD] [TD]2,3
[/TD] [/TD] [/TR] [TR] [TD]R
[/TD] [TD]Arts, Entertainment and amusement
[/TD] [/TD] [TD]1,1
[/TD] [TD]1,3
[/TD] [TD]0,7
[/TD] [/TR] [TR] [TD]S
[/TD] [TD]Other Service Activities
[/TD] [TD]0,8
[/TD] [TD]1.6
[/TD] [TD]3.9
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD]Total
[/TD] [TD]1.9
[/TD] [TD]2.9
[/TD] [TD]2,8
[/TD] [/TR] [/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.
(GG/AF)
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