In the third quarter of 2022, there were 3.5 million recent job leavers in the EU between the age of 25 and 54, of which more than two-thirds (68.9%) had left their job for labour market reasons, meaning the end of a fixed-term contract, a dismissal or a business closure for economic reasons, according to data released by Eurostat, the statistical service of the EU.
Recent job leavers are defined as people who left their job in the last three months before data was collected and are no longer in employment, here the focus is on those aged 25-54 years old.
This share was 3.2 percentage points (pp) lower compared with the third quarter of 2021.
In Cyprus, the share of recent job leavers that left their job for labour market reasons was at 38.9% during the third quarter of 2022. Eurostat did not provide data for how this percentage has changed on a national level.
In the third quarter of 2022, among the EU members, the highest shares of people leaving their jobs due to labour market reasons were recorded in Italy (89.9%), followed by Hungary (88.6%), Greece (87.6%), Spain (81.6%) and Croatia (70.6%).
There was a large gap between the highest and lowest shares, with the lowest share recorded in the Netherlands (27.3%). This was followed by the Czech Republic (31.6%), Lithuania (32.3 %), Estonia (36.6%) and Ireland (36.7%).
On an EU level, the importance of the labour market reason was even stronger among those with a low level of education (74.6%), followed by those with high and medium levels of education (67.8% and 66.2%, respectively).
The prevalent reason for workers leaving their jobs was the end of a fixed-term contract. In total, in the third quarter of 2022, 53.1% of total job leavers (1.8 million people) left their job because their contract ended, indicating a 3.9 percentage points (pp) decrease compared with the same quarter of 2021 (57.0%; 2.0 million people).
Across levels of education, the end of a fixed-term job had the highest share among job leavers with a low level of education (57.1%), followed by those with a high level of education (56.3%) and with a medium level (47.5%).
The second most common reason for leaving a job was dismissal or a business closure for economic reasons, which concerned 545 thousand people (15.8% of all recent job leavers against 15.1 % in Q3 2021).
Leaving their job for other or not stated reasons ranked third, affecting 478 thousand people (13.9%), followed by education or other personal reasons (311 thousand people; 9.0%) and family reasons, illness or retirement (283 thousand people; 8.2%).
Compared with the third quarter of 2021, there was a +1.9 pp increase in the share of people who left their job for education or personal reasons (e.g. taking care of friends or non-relatives, wanting more leisure time, no need for work, travelling, changing place of residence etc.), from 246 thousand people to 311 thousand in the third quarter of 2022.
This increase was more pronounced among those with a low level of education (+2.6 pp to 5.9%) and those with a high level of education (+2.5 pp to 10.8%).
Source: Cyprus News Agency