Number of people with a job rises 3% in Q2 in Cyprus (Update-1)

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(Updates with Cystat figures in sixth paragraph)

By Stelios Orphanides

Cyprus saw the number of employed persons rise in the second quarter of the year 3 per cent compared to the respective quarter of 2016, which was the third-highest in the EU, the European Commission’s statistical office said.

Compared to the quarter before, employment rose on the island 0.6 per cent in April to June, Eurostat said in a statement on its website on Wednesday.

On average, the number of people employed in the euro area rose in the second quarter an annual 1.6 per cent and a quarterly 0.4 per cent, while in the EU it rose 1.5 per cent and 0.4 per cent respectively, Eurostat said.

The highest increase in employment figures in the second quarter came from Malta with an annual 4.7 per cent and Portugal with 3.6 per cent, Eurostat said. On the antipode, Croatia saw the number of persons employed drop 1.6 per cent followed by Latvia with a 1.4 per cent decrease.

Employment in Germany, the euro area’s largest economy, rose 1.5 per cent in April to June compared to a year before and in France and Italy, second and third largest, it rose 1 per cent and 1.1 per cent respectively, Eurostat said. In Greece, the number of people employed rose 1.6 per cent, while in the UK it rose 1.1 per cent.

Shortly after, more detailed data published by Cystat, showed that the number of people with a job rose to 395,528 in the second quarter or by 11,614 in a year. The overall number included 47,728 self-employed, up 2.9 per cent compared to a year before and 347,800 employees, up 3 per cent, according to the Cystat data.

The increase resulted mainly in the construction sector where the number in employment rose an annual 7.4 per cent or by 1,970 in the second quarter to 28,572, followed by that in the area of professional, scientific and technical activities which rose 5.5 per cent to 26,270 and in the hospitality industry where it rose 2.7 per cent to 47,674.

The number of people in employment dropped an annual 0.7 per cent to 1,353 in the area of electricity, gas, steam and air conditioning supply and 0.4 per cent in the primary sector to 15,206, Cystat said.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • Terryw45

    Cynical, but who supplies the European Commission’s statistical office with the figures?

  • Cydee

    Whatever will they do when there’s no more land left to build on…

    • Douglas

      Reclaim land currently covered by the sea,they did the same in Bahrain.

      • Robert Taaffe

        Reclaim from the sea?? R you kidding we r sitting on top of a mountain.