Economy category powered by

Employment and actual work hours up in Q1 2023

Total employment and actual hours worked were up in the first quarter of 2023, CySTAT has said, releasing an initial estimate.

In an 8 June press release, CySTAT said that the total number of workers employed in the 1st quarter of 2023 is estimated at 458,687, of which 407,787 are employees and 50,900 self-employed, while compared to the corresponding quarter of 2022, total employment for the 1st quarter of 2023 increased by 2.1%, mainly due to Information and Communication activities (NACE J), Accommodation and food service activities (NACE I), Human health and social work activities (NACE Q) and Administrative and support service activities (NACE N).

According to the Statistical Office, the actual worked hours for the first quarter of 2023 are estimated at 208,240, with an increase of 2.8% compared to the corresponding quarter of 2022, which is mainly due to the sectors of Accommodation and food service activities (NACE I), Information and communication activities (NACE J), Human health and social work activities (NACE Q) and Administrative and support service activities (NACE N).

(Source: CNA)

Read More

Michael Konstantinou: Trump's tariffs "worse than the market expected across the board"
SOFTSWISS: Showcasing Leadership in AI Innovation and Earning Recognition as CTO of the Year
Tassos J. Yiasemides: Cyprus' exports to the US are limited, but vigilance is required
Ayia Napa Marina once again the Gold Sponsor of Run for Autism
Public awareness campaign for safe navigation in the digital financial environment
Charis Kynigou named new Executive Member of AstroBank's Board of Directors
Online voting for the 17th IN Business Awards underway
Cyprus' first reaction to Trump tariffs: “Highly worrying development, undermines trade relations”
Easter & Tradition Festival at Paradox Museum Limassol
Bazaraki x Ask Wire: Strategic Partnership to deliver game-changing real estate market insights