Thursday, March 2, 2023

CYPRUS LABOUR FORCE SURVEY

 Filenews 2 March 2023



Based on the results of the Labour Force Survey for the 4th quarter of 2022, the labour force amounted to 489,650 people or 65,5% of the population (men 71,0%, women 60,4%) compared to 473,537 people (64,5%) in the corresponding quarter of 2021 (Table 1).

The number of employed persons was 455,727 persons and the employment rate 61,0% (men 66,8%, women 55,6%) compared to 443,937 persons (60,5%) in the corresponding quarter of 2021.

The number of unemployed stood at 33,922 people and the unemployment rate at 6,9% of the labour force (men 6,0%, women 7,9%) compared to 29,600 people (6,3%) in the corresponding quarter of 2021.

Employment (Table 2)

In the 20-64 age group the employment rate was 78.1%. The rate for men was 84.2% and for women 72.5%. In the corresponding quarter of 2021 the percentage was 77,6% (men 83,8%, women 71,7%). In the ages 55-64 the employment rate was 65,3% compared to 65,7% in the corresponding quarter of 2021.

According to the distribution of employment by sector, the largest percentage of employees is concentrated in Services with 80.3%, followed by Industry and Agriculture with rates of 17.4% and 2.3% respectively. For the 4th  quarter of 2021 the corresponding percentages were: Services 81,1%, Industry 16,5% and Agriculture 2,4%.

Part-time work accounted for 10.1% of total employment or 45,916 people (men 7.5%, women 13.0%). The corresponding percentage for the 4th quarter of 2021 was 11,2% (men 8,7%, women 14,1%).

Of the total employed, 89.3% or 406,907 persons were employees, of whom 11.3% (46,051 persons) had temporary work. In the corresponding quarter of 2021, employees constituted 88,9% of the total employment and of these, 12,3% had temporary work.

Unemployment (Table 3)

Among young people aged 15-24 the unemployment rate was 19.2% of the labour force of these ages (men 21.3%, women 17.2%) compared to 17.4% (men 16.8%, women 18.1%) in the corresponding quarter of last year.

Regarding the duration of unemployment, 54.0% of all unemployed people were looking for work for a period of less than 6 months, 13.6% for a period of 6-11 months, while 32.4% were long-term unemployed. The corresponding percentages for the 4th quarter of 2021 were 47,7%, 16,2% and 36,1%.

Table 1

Number

Percentage (%)

4th Quarter 2022

4th Quarter 2021

4th Quarter 2022

4th Quarter 2021

Labour force

Total

489.650

473.537

65,5

64,5

Men

254.354

250.329

71,0

70,9

Women

235.295

223.207

60,4

58,5

Employment

 

 

 

 

Total

455.727

443.937

61,0

60,5

Men

239.064

235.698

66,8

66,8

Women

216.664

208.239

55,6

54,6

Unemployment

 

 

 

 

Total

33.922

29.600

6,9

6,3

Men

15.291

14.632

6,0

5,8

Women

18.631

14.968

7,9

6,7

Table 2

Employment

Number

Percentage (%)

4th Quarter 2022

4th Quarter 2021

4th Quarter 2022

4th Quarter 2021

Plus.

Men.

Women.

Plus.

Men.

Women.

Plus.

Men.

Women.

Plus.

Men.

Women.

Age

15+

455.727

239.064

216.664

443.937

235.698

208.239

61,0

66,8

55,6

60,5

66,8

54,6

20–64

435.459

226.017

209.443

425.032

222.217

202.815

78,1

84,2

72,5

77,6

83,8

71,7

55–64

70.685

40.905

29.780

69.340

40.405

28.935

65,3

76,3

54,6

65,7

77,1

54,5

Sector

 

 

 

 

 

 

 

 

 

 

 

 

Georgia

10.622

9.043

1.579

10.491

8.730

1.761

2,3

3,8

0,7

2,4

3,7

0,8

Industry

79.256

62.049

17.207

73.490

59.647

13.843

17,4

26,0

7,9

16,5

25,3

6,7

Services

365.849

167.971

197.878

359.956

167.321

192.636

80,3

70,3

91,3

81,1

71,0

92,5

 

 

 

 

 

 

 

 

 

 

 

 

Complete

409.811

221.242

188.569

394.089

215.253

178.836

89,9

92,5

87,0

88,8

91,3

85,9

Partial

45.916

17.821

28.095

49.848

20.444

29.403

10,1

7,5

13,0

11,2

8,7

14,1

Professional category:

 

 

 

 

 

 

 

 

 

 

Self-employed

48.820

28.551

20.270

49.461

30.729

18.731

10,7

11,9

9,4

11,1

13,0

9,0

Officials

 

 

 

 

 

 

 

 

 

 

 

 

Total

406.907

210.513

196.394

394.476

204.969

189.508

89,3

88,1

90,6

88,9

87,0

91,0

Permanent

360.856

192.019

168.837

345.991

187.585

158.406

88,7

91,2

86,0

87,7

91,5

83,6

Temporary

46.051

18.494

27.557

48.485

17.383

31.102

11,3

8,8

14,0

12,3

8,5

16,4

Table 3

Unemployment

Number

Percentage (%)

4th Quarter 2022

4th Quarter 2021

4th Quarter 2022

4th Quarter 2021

Plus.

Andr.

Women.

Plus.

Men.

Women.

Plus.

Men.

Women.

Plus.

Men.

Women.

Age

15+

33.922

15.291

18.631

29.600

14.632

14.968

6,9

6,0

7,9

6,3

5,8

6,7

15–24

7.952

4.276

3.676

6.898

3.366

3.532

19,2

21,3

17,2

17,4

16,8

18,1

25–64

25.704

10.818

14.886

22.543

11.107

11.436

6,0

4,9

7,1

5,4

5,1

5,7

Duration

 

 

 

 

 

 

 

 

 

 

 

 

< 6 months

18.305

8.055

10.251

14.112

6.083

8.031

54,0

52,7

55,0

47,7

41,6

53,7

6–11 months

4.605

2.428

2.176

4.792

2.770

2.022

13,6

15,9

11,7

16,2

18,9

13,5

12+ months

11.011

4.806

6.205

10.696

5.780

4.916

32,4

31,4

33,3

36,1

39,5

32,8

Note: Possible differences in totals are due to a rounding error.