Economy category powered by

Employment and hours worked up in Q2

An increase in both employment and hours worked was observed in the second quarter of 2023, according to Cystat.

Total employment is estimated to have reached 464,107 individuals, with 413,121 being employees and 50,986 self-employed. This figure signifies an uptick of 1.5% compared to the same period in 2022.

The growth in employment was mainly observed in specific economic sectors, including Administrative and Supporting Service activities, other service activities, and information and communication.

The total number of hours worked during the second quarter is estimated at 211,611 thousand hours, marking a 1.3% increase compared to the same quarter in 2022. Similar to the employment figures, the most significant percentage increases in hours worked, were observed in administrative and supporting service activities, other service activities, and information and communication.

Read More

Tourist arrivals record annual increase of 13.7% in May 2025
Viraj Kulkarni: I visualise at least six to eight times growth in the value of trade between Cyprus and India in the next few years
Broad public sector employment shows annual increase of 1.7% in first quarter of 2025
Bounced cheques at €62,164 in May after decreasing to €22,860 in April
EU FMs to discuss situation in Middle East via teleconference
Ηourly labour costs increased by 4.8% in first quarter of 2025
Ashish Chauhan: The collaboration between NSE IX and CSE will help wealth creation and job creation in both countries
Number of job vacancies in first quarter of 2025 reached 13,524
Cyprus and India stock exchange officials agree to enhance cooperation
Narendra Modi reveals five-year roadmap to boost Cyprus-India defence and security cooperation (pics)