Cyprus Mail
Cyprus

Number of vacancies drops 5.7% in Q3

The number of job vacancies fell 5.7 per cent in the third quarter of 2017, to 4,703, compared to the respective quarter of 2016, as the unemployment rate drops, the statistical service said.

The drop in vacant positions in July to September was mainly on an annual 58 per cent reduction in the number of jobs in the hotel and restaurant sector, to 883, and a 74 per cent slump in the area of professional, scientific and technical activities, to 434, Cystat said in a statement on its website.

The rise in vacancies in the third quarter was partly offset by a more than four-fold increase of jobs offered in the area of information and communication, to 359, and a 33 per cent increase in the area of retail and wholesale trade, and vehicle repairs, to 1,079, Cystat said.

Compared to the previous quarter, the number of vacancies in July to September rose 1.4 per cent, Cystat said. Most vacancies in the third quarter were in the trade and accommodation sector followed by professional, scientific and technical activities and other services with 438.

At the end of the third quarter, the unemployment rate was 10.2 per cent compared to 13 per cent a year before, according to the European Commission’s statistical office Eurostat.


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