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Total employment shows slight annual increase in 4Q of 2023


An annual increase of 1.1% was recorded in the 4th quarter of 2023 regarding total employment.

According to provisional estimates of the Cyprus Statistical Service, total employment for the 4th quarter of 2023 is estimated at 476,767 persons, of which 427,298 are employees and 49,469 are self-employed.

Compared to the corresponding quarter of 2022, total employment increased by 1.1% for the 4th quarter of 2023.

The most significant percentage increases were observed in the economic activities of Administrative and Supporting Service activities, Education and Other Service activities.

It also says that actual hours worked for the 4th quarter of 2023 are estimated at 220,830 thousand, which is an increase of 1.5% compared to the corresponding quarter of 2022.

The most significant percentage increases were observed in the economic activities of Administrative and Supporting Service activities Education and Other Service activities.

Source: Cyprus News Agency