Job vacancies: 4th Quarter 2024
17/03/25 19:29 | Press release | Economy and Finance
Job Vacancy Rate 2,8%
The number of job vacancies in the 4th quarter of 2024 reached 12.997, recording an increase of 959 vacancies (8,0%) compared to the same quarter of the previous year, where the number was 12.038. Compared to the 3rd quarter of 2024, the number of job vacancies decreased by 3.013 (-18,8%) (Table 1).
The job vacancy rate in the 4th quarter of 2024 and 2023 was 2,8%, while the job vacancy rate in the previous quarter was 3,5%. The largest job vacancy rates in the 4th quarter of 2024 were observed in the Sectors of Arts, Entertainment and Recreation (4,7%), Accommodation and Food Service Activities (4,6%), and Information and Communication (3,7%) (Table 2).
| Table 1 | ||||||
| Nace Rev.2 | Economic Activity | Number of Job Vacancies | % Change | |||
| Q4 2023 | Q3 2024 | Q4 2024 | Q4 2024/ Q3 2024 | Q4 2024/2023 | ||
| B | Mining and Quarrying | 3 | 7 | 3 | -57,1 | 0,0 |
| C | Manufacturing | 624 | 1.470 | 1.026 | -30,2 | 64,4 |
| D | Electricity, Gas, Steam and Air Conditioning Supply | 4 | 151 | 2 | -98,7 | -50,0 |
| E | Water Supply, Sewerage, Waste Management and Remediation Activities | 90 | 71 | 89 | 25,4 | -1,1 |
| F | Construction | 980 | 1.315 | 920 | -30,0 | -6,1 |
| G | Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles | 2.659 | 2.849 | 2.479 | -13,0 | -6,8 |
| H | Transportation and Storage | 511 | 767 | 360 | -53,1 | -29,5 |
| I | Accommodation and Food Service Activities | 1.469 | 3.793 | 2.431 | -35,9 | 65,5 |
| J | Information and Communication | 483 | 724 | 750 | 3,6 | 55,3 |
| K | Financial and Insurance Activities | 413 | 509 | 635 | 24,8 | 53,8 |
| L | Real Estate Activities | 43 | 84 | 110 | 31,0 | 155,8 |
| M | Professional, Scientific and Technical Activities | 1.122 | 1.160 | 1.315 | 13,4 | 17,2 |
| N | Administrative and Support Service Activities | 970 | 690 | 517 | -25,1 | -46,7 |
| O | Public Administration and Defense, Compulsory Social Security | 695 | 172 | 618 | 259,3 | -11,1 |
| P | Education | 894 | 637 | 196 | -69,2 | -78,1 |
| Q | Human Health and Social Work Activities | 531 | 753 | 880 | 16,9 | 65,7 |
| R | Arts, Entertainment and Recreation | 57 | 639 | 458 | -28,3 | 703,5 |
| S | Other Service Activities | 490 | 219 | 208 | -5,0 | -57,6 |
| Total | 12.038 | 16.010 | 12.997 | -18,8 | 8,0 | |
| Table 2 | ||||
| Nace Rev.2 | Economic Activity | Job Vacancy Rate (%) | ||
| Q4 2023 | Q3 2024 | Q4 2024 | ||
| B | Mining and Quarrying | 0,5 | 1,3 | 0,6 |
| C | Manufacturing | 1,7 | 3,8 | 2,7 |
| D | Electricity, Gas, Steam and Air Conditioning Supply | 0,2 | 8,3 | 0,1 |
| E | Water Supply, Sewerage, Waste Management and Remediation Activities | 2,5 | 2,0 | 2,5 |
| F | Construction | 2,5 | 3,2 | 2,3 |
| G | Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles | 3,5 | 3,6 | 3,1 |
| H | Transportation and Storage | 2,8 | 3,8 | 1,9 |
| I | Accommodation and Food Service Activities | 3,0 | 6,4 | 4,6 |
| J | Information and Communication | 2,9 | 3,6 | 3,7 |
| K | Financial and Insurance Activities | 1,9 | 2,2 | 2,8 |
| L | Real Estate Activities | 1,2 | 2,1 | 2,7 |
| M | Professional, Scientific and Technical Activities | 3,0 | 2,9 | 3,3 |
| N | Administrative and Support Service Activities | 5,2 | 3,5 | 2,7 |
| O | Public Administration and Defence, Compulsory Social Security | 2,2 | 0,5 | 1,8 |
| P | Education | 2,4 | 2,0 | 0,5 |
| Q | Human Health and Social Work Activities | 2,3 | 3,0 | 3,5 |
| R | Arts, Entertainment and Recreation | 0,7 | 6,2 | 4,7 |
| S | Other Service Activities | 3,9 | 1,8 | 1,7 |
| Total | 2,8 | 3,5 | 2,8 | |
Methodological Information
Definitions
A job vacancy is a paid post that is newly created, unoccupied or about to become vacant, and for which the employer is taking active steps to find a suitable candidate from outside the enterprise concerned and intends to fill it either immediately or within a specific period of time.
The job vacancy rate is the number of job vacancies expressed as a percentage of the total number of occupied posts and job vacancies.
Coverage
The survey covers enterprises with one or more employees classified in all sectors of economic activities, according to the Statistical Classification of Economic Activities NACE Rev. 2 of the European Union (EU) system, except Sectors A (Agriculture, Forestry and Fishing), T (Activities of Households as Employers; Undifferentiated Goods and Services-Producing Activities of Households for own use) and U (Activities of Extraterritorial Organisations and Bodies).
Collection of Data
The data collection is carried out by telephone interviews every quarter.
For more information, visit CYSTAT Portal, subtheme Labour Market, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information or contact Ms Maria Kkoushi at 22602235 or via email: mkkoushi@cystat.mof.gov.cy.
The data included in the Predefined Tables in Excel format are available up to 4th Quarter 2021. Data from the 1st Quarter 2022 onwards are available only in the CYSTAT-DB Online Database.
(MS/GS)