Cyprus: Employment rates up by 3% in third quarter of 2019

Cyprus: Employment rates up by 3% in third quarter of 2019

The total number of employed individuals in the third quarter of 2019 was estimated at 446,891, 398,063 of which were employees and 48,828 self-employed.

Compared to the corresponding quarter of 2018, total employment rates for the third quarter of 2019 increased by 3.0%. The most significant increases can be found in the field of Arts, Entertainment and Recreation (NACE R), Construction (NACE F), Professional, Scientific and Technical Activities (NACE M) and Information and Communication (NACE J). The field of Financial and Insurance Activities (NACE K) recorded a fall compared to the same quarter last year.

Real working hours for the third quarter of 2019 were estimated at 194,134 thousand, up by 2.9% compared to the same period in 2018. /ibna