Job vacancy rate dropped to 2.2% on Q3, 2022

The job vacancy rate in the 3rd quarter of 2022 was 2.2%, while the job vacancy rate in the previous quarter and the 3rd quarter of 2021 was 2.7% and 2.4% respectively, according to data published by the Statistical Service of Cyprus.

The number of job vacancies in the 3rd quarter of 2022 reached 9,174. The number of job vacancies increased by 44.3%, or 2,816, compared to the same quarter of the previous year where the number was 6.358. Compared to the 2nd quarter of 2022 the number of job vacancies decreased by 1,939, or by 17.4%.

The largest job vacancy rates in the 3rd quarter of 2022 were observed in the Sectors of Accommodation and Food Service Activities, 4.6%, Transportation and Storage by 4.5%, Water Supply, Sewerage, Waste Management and Remediation Activities by 3.5% and Information and Communication by 2.7%.

Source: Cyprus News Agency