Cyprus Employment Change  Forecast


Employment Change in Cyprus is expected to be 0.47 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Cyprus to stand at 0.47 in 12 months time. In the long-term, the Cyprus Employment Change is projected to trend around 0.38 percent in 2020, according to our econometric models.


Cyprus Employment Change
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Cyprus Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.7 10 9.8 9.5 9.2 7.5
Employed Persons 367 368 367 367 366 365
Unemployed Persons 44965 41218 44190 42046 43957 41577
Long Term Unemployment Rate 5.3 5.23 5.21 5.19 5.16 4.98
Youth Unemployment Rate 26.3 26.06 25.95 25.84 25.73 24.8
Labour Costs 89.52 103 91.07 90.16 84.55 98.75
Job Vacancies 5758 6725 6789 6842 6886 7060
Wages 1825 2210 1836 1792 1722 2390
Population 0.85 0.85 0.86 0.86 0.86 0.87
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Employment Change 0.6 0.47 0.53 0.52 0.47 0.38
Employment Rate 65.6 65.77 65.25 65.47 65.32 65.67
Full Time Employment 308 307 307 307 307 305
Productivity 103 105 102 103 106 105
Labor Force Participation Rate 61.5 61.24 61.2 61.16 61.13 60.97
Part Time Employment 48.6 48.49 48.21 47.95 47.94 47.34
Wage Growth 0.3 0.74 0.9 1.05 1.28 1.95