articles | 16 September 2019

Number of job vacancies spikes 19.3% in Q2 2019

Cyprus job vacancies increased 19.3% (993) to 6,141 in Q2 2019 from the same quarter last year when the number was 5,148.

Compared to the previous quarter (January-March) the number of job vacancies decreased by 621 (-9,2%).

The job vacancy rate in Q2 2019 was 1.8%, down from 2% in the previous quarter and up from 1.4% in Q2 2018.

The largest job vacancy rates in Q2 2019 were in Administrative and Support Service Activities (3.7%), Accommodation and Food Service Activities (3.3%) and Arts, Entertainment and Recreation (3.3%).

The job vacancy rate in the euro area (EA19) was 2.3% in Q2 2019, stable compared with the previous quarter and up from 2.1% in Q2 2018.

In the EU28, the job vacancy rate was also 2.3%, stable compared with the previous quarter and up from 2.2% in Q2 2018.

In the euro area, the job vacancy rate in Q2 was 2.0% in industry and construction, and 2.6% in services. In the EU28, the rate was 2.1% in industry and construction, and 2.6% in services.

Among the Member States for which comparable data are available, the highest job vacancy rates in the Q2 2019 were recorded in Czechia (6.2%), Belgium and the Netherlands (both 3.4%).

In contrast, the lowest rates were observed in Greece (0.7%), Bulgaria and Spain (both 0.9%).

Compared with the same quarter of the previous year, the job vacancy rate in Q2 2019 rose in 10 Member States, remained stable in nine and fell in nine others.

The largest increases were registered in Czechia (+0.8 pp), Latvia (+0.5 pp), Germany and Malta (both +0.4 pp). The largest decreases were registered in Croatia and Slovenia (both -0.3 pp).

Source: Financial Mirror

Cooperation Partners
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus Shipping Chamber
  • Logo for Love Cyprus Deputy Ministry of Tourism