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12° Nicosia,
20 July, 2024
 
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Job vacancies in Cyprus increase by 7.3% in Q1 of 2024

Statistical Service reports significant increases compared to both last year and the previous quarter, with highest rates in Accommodation and Food Service activities

Source: CNA

Job vacancies in Cyprus rose by an annual 7.3% in the first quarter of 2024 whereas they rose by almost 10% compared with the fourth quarter of 2023.

According to data released by the Statistical Service of Cyprus (Cystat) job vacancies reached 13,229, recording an increase of 901 vacancies compared to the respective period of the previous year.

Compared to the 4th quarter of 2023 the number of job vacancies increased by 1.191 or by 9.9%, Cystat added.

The job vacancy rate in the 1st quarter of 2024 amounted to 3.0%, from 2.8% in the previous quarter.

The largest job vacancy rates in the first quarter of 2024 were observed in the Sectors of Accommodation and Food Service Activities 7.8%), followed by Professional, Scientific and Technical Activities with 3.2% and Information and Communication with 3.1%, Cystat added.

TAGS
Cyprus  |  economy  |  unemployment  |  labor

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