Insider Economy 80.6% of Cypriot workforce employed by services sector

80.6% of Cypriot workforce employed by services sector

The unemployment rate in the third quarter of 2018 was 7.6% of the labour force, according to the results of the Labour Force Survey for the fourth quarter of 2018 issued by the statistical service on Friday.

It said the labour force in the fourth quarter last year amounted to 440,765 persons or 62.5% of the population (males 68.5%, females 57.0%) in comparison to 428,291 persons (61.6%) in the corresponding quarter of 2017.

The number of employed persons was 407,382 and the employment rate 57.8% (males 63.3%, females 52.7%) in comparison to 384,911 persons (55.3%) in the corresponding quarter of 2017.

The number of unemployed persons amounted to 33,383 and the unemployment rate to 7.6% of the labour force (males 7.5%, females 7.6%) in comparison with 43,380 persons (10.1%).

For the age group 20-64, the employment rate was 74.5%. The rate for males was 80.2% and for females 69.3%.

In the corresponding quarter of 2017 the rate was 71.5% (males 75.8%, females 67.6%). For the age group 55-64 the employment rate was 61.1% in comparison to 57.6% in the corresponding quarter of 2017.

Distribution of employment

According to the distribution of employment by sector, the biggest percentage of employed persons was in Services (80.8%), followed by Manufacturing (17.1%) and Agriculture (2.1%). For the fourth quarter of 2017, the corresponding percentages were: Services 81.1%, Manufacturing 16.6% and Agriculture 2.3%.

The share of part-time employment to total employment was 11.2% or 45,644 persons (males 8.1%, females 14.6%). The corresponding rate for the fourth quarter of 2017 was 12.7% (males 9.2%, females 16.4%).

The statistical service said 86.7% or 353,001 of the total employed persons were employees, of which 12.5% (43,944 persons) had a temporary job. In the corresponding quarter of 2017 employees accounted for 86.8% of total employment of
which 14,8% had a temporary job.

For young persons aged 15-24 years old, the unemployment rate was 20.6% of the labour force of the same age group (males 25.7%, females 16.0%) in comparison to 22.9% (males 26.8%, females 19.9%) in the corresponding quarter of last year.

As far as the duration of unemployment is concerned, 53.7% of the total unemployed persons searched for a job for a period of less than 6 months, 14.2% for a period of 6-11 months, whereas a percentage of 32.1% were long-term unemployed. The corresponding rates for the same period in 2017 were 53.5%, 12.8% and 33.7%.

Top Stories

Building collapses in central Madrid explosion, several injured

One building collapsed in a central Madrid explosion, a Reuters reporter saw, with smoke coming out of the building and rescue workers evacuating elderly...

U.S. President Trump departs the White House, in Washington

U.S. President Donald Trump and first lady Melania Trump depart the White House ahead of the inauguration of Joe Biden as the 46th President...

ECJ says there is no confusion between HALLOUMI and BBQLOUMI

The European Court of Justice General Court confirmed today that there is "no likelihood of confusion between the collective mark HALLOUMI, reserved for the...

Citizens pick No.8 as their second choice

According to data released by the Ministry of Research, Innovation and Digital Policy, the number of SMS requests sent by Cypriots on Tuesday 19...

Arson attempt against 29-year-old’s car

An arson attempt against the car of a 29-year-old man from Agios Athanasion took place on Tuesday at noon. According to information, the culprits placed...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...