Employment Rate in Cyprus decreased to 70 percent in the first quarter of 2020 from 71 percent in the fourth quarter of 2019.

Employment Rate in Cyprus averaged 67.21 percent from 2000 until 2020, reaching an all time high of 71.50 percent in the fourth quarter of 2007 and a record low of 60.90 percent in the first quarter of 2014. This page provides - Cyprus Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Employment Rate - values, historical data and charts - was last updated on August of 2020.

Employment Rate in Cyprus is expected to be 72.06 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Cyprus to stand at 72.21 in 12 months time. In the long-term, the Cyprus Employment Rate is projected to trend around 73.79 percent in 2021 and 74.84 percent in 2022, according to our econometric models.

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Cyprus Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
70.00 71.00 71.50 60.90 2000 - 2020 percent Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.80 10.20 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 32803.00 28481.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.10 1.90 7.80 0.40 percent [+]
Youth Unemployment Rate 19.60 19.60 41.10 7.80 percent [+]
Labour Costs 102.16 117.65 126.56 65.45 points [+]
Job Vacancies 6897.00 8352.00 16194.00 2137.00 [+]
Wages 1956.00 2254.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 3.30 2.20 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.50 62.90 64.70 55.50 percent [+]
Part Time Employment 43.10 41.70 50.00 15.80 Thousand [+]
Productivity 101.90 102.30 102.40 76.00 points [+]
Employment Change 0.50 0.60 2.40 -2.10 percent [+]
Employment Rate 70.00 71.00 71.50 60.90 percent [+]
Full Time Employment 361.90 367.30 367.30 257.80 Thousand [+]


Cyprus Employment Rate
In Cyprus, the employment rate measures the number of people who have a job as a percentage of the working age population.