The number of job vacancies in Cyprus has jumped by 16.5% year-on-year in the second quarter of 2025, reflecting a robust demand for labour in various sectors. According to the latest data from the Statistical Service (Cystat), the total job vacancies reached 16,053, marking an increase of 2,275 positions compared to the same quarter in 2024.
This surge is even more pronounced when compared to the first quarter of 2025, with vacancies up by 18.7%, or 2,529 positions. Such figures point to a strengthening labour market as businesses rebound from previous economic challenges.
Job vacancies: Vacancy Rate on the Rise
The job vacancy rate for the second quarter of 2025 stood at 3.3%, an increase from 2.9% in the previous quarter and up from 3% in Q2 2024. This upward trend suggests that employers are actively seeking to fill positions amid a recovering economy, which could signal confidence in future growth.
Sector-Specific Insights
Among the various sectors, accommodation and food service activities recorded the highest vacancy rate at 6.6%, indicating a strong demand for workers in these areas, likely driven by the tourism sector’s recovery. This was followed by arts, entertainment, and recreation at 4.7%, and administrative and support service activities at 4%.
Year-on-year, public administration and defence saw a staggering increase of 489.5% in job vacancies, reflecting significant government hiring efforts. Real estate activities also experienced a remarkable growth of 408.3%, while the arts, entertainment, and recreation sector rose by 60.8%. Additionally, administrative and support service activities grew by 37.6%, and information and communication recorded a 23.7% increase.
Declines in Certain Sectors
Despite the overall positive trends, some sectors have seen declines in job vacancies. Human health and social work activities experienced a 16.1% decrease, followed by education at 8.3% and financial and insurance activities down by 7.8%. These declines may indicate shifts in demand or changes in funding and resource allocation in these areas.
Economic Implications
This significant increase in job vacancies is a positive indicator for the Cypriot economy, suggesting that businesses are expanding and looking to recruit. As the labour market tightens, employers may face challenges in filling positions, potentially leading to wage increases as companies compete for talent.
Investors should monitor these trends closely, as a robust job market can drive consumer spending and overall economic growth. The rise in vacancies also reflects broader macroeconomic conditions, including recovery from the pandemic and adjustments to changing consumer demands.
As Cyprus continues to navigate its economic landscape, the job market’s performance in the coming quarters will be critical for assessing the health of the economy and potential investment opportunities.
