Nicosia: Total employment for the 4th quarter of 2024 is estimated at 500,606 persons, of which 448,007 are employees and 52,599 are self-employed.
According to Cyprus News Agency, compared to the corresponding quarter of 2023, total employment increased by 1.7% for the 4th quarter of 2024. The most significant percentage increases were observed in the economic activities of Arts, Entertainment and Recreation, Accommodation and Food Service Activities, and Information and Communication.
Actual hours worked for the 4th quarter of 2024 are estimated at 233,566 thousand, marking an increase of 1.7% compared to the corresponding quarter of 2023. The sectors of Arts, Entertainment and Recreation, Accommodation and Food Service Activities, and Information and Communication notably contributed to this growth. In contrast, the Construction sector recorded a decrease in hours worked.