Ministry of Finance, Statistical Service



07/05/2004
NEW PUBLICATION: LABOUR FORCE SURVEY, 2003
07/05/2004

The Statistical Service announces that it has published the report “Labour Force Survey” for 2003. The report provides data on the employed and unemployed population which are analysed by gender, age, education, branch of economic activity and occupational group. Data are also presented on part-time employment as well as for second job holders and the weekly hours of work.

2. The main findings of the survey are the following:

(a) The labour force (i.e. the employed and unemployed persons) amounted to 341
thousand in 2003 consisting of 55% men and 45% women.

(b) The employed persons reached 327 thousand and the employment rate for persons 15-64 years was 69,2%, compared to 68,5% in 2002. The corresponding rate for males stood at 78,8% (same as in 2002) while that for females was much lower at 60,2% (59,0% in 2002). Both rates, however, are among the highest in the European Union.

(c) The labour force of Cyprus has a relatively high educational background since almost one-third (32%) of the workforce have completed tertiary education and 37% completed upper secondary education.

(d) About 29 thousand persons or 8,9% of the employed worked on a part-time basis compared with 7,2% in 2002 and 60% of these reported that they did not want full-time employment and only 21% could not find a full-time job.

(e) About 7% of the working population or 23 thousand persons reported having a second job and a large proportion of these (47%) chose agriculture as a sideline.

(f) The unemployment rate amounted to 4,1% of the labour force compared to 3,3% for 2002, which was lower for males 3,8% and higher for females 4,6%. The highest rate of unemployment was observed among young persons below 25 years of age where it accounted for 8,9% of the labour force of the same age.

3. The report is available for sale at the Government Printing Office in Nicosia at the price of £5,00 per copy.










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