Job Vacancy rate in Cyprus decreased to 0.6% in Q4 2016

The job vacancy rate in Cyprus was 0.6% in the fourth quarter of 2016, down from 1.5% in the previous quarter and 0.7% in the same quarter of last year, according to figures published by Eurostat, the statistical office of the European Union.

The same index in the euro area (EA19) was 1.7% in the fourth quarter of 2016, up from 1.6% recorded in both the previous quarter and the fourth quarter of 2015 and 1.8% in the EU28 in the fourth quarter of 2016, stable compared with the previous quarter and up from 1.7% in the fourth quarter of 2015.

In the euro area, the job vacancy rate in the fourth quarter of 2016 was 1.3% in industry and construction, and 2.0% in services. In the EU28, the rate was 1.4% in industry and construction, and 2.1% in services.

Among the Member States for which comparable data are available, the highest job vacancy rates in the fourth quarter of 2016 were recorded in the Czech Republic (3.0%), Belgium (2.9%), Germany (2.6%) and the United Kingdom (2.5%), and the lowest in Greece (0.3%), Cyprus (0.6%), Spain, Poland and Portugal (all 0.7%) and Bulgaria (0.8%).

Compared with a year ago, the job vacancy rate in the fourth quarter of 2016 rose in twenty-three Member States, remained stable in four and fell in Cyprus (-0.1 percentage points). The largest increases were registered in Belgium and Croatia (both +0.7 pp), the Czech Republic (+0.6 pp), Latvia and Slovenia (both +0.5 pp).

Source: Cyprus News Agency