Four unemployed for each vacancy
Four unemployed for each vacancy
8/2/2016 12:09
The number of unemployed people is four times larger than vacancies announced by competent departments, according to new figures.

Based on data made available to the Parliament by the Ministry of Labour following a request of DISY MP Marios Mavrides, unemployed persons’ chance for employment is small because of the shortage of available positions and the increased weakness of competent authorities to cover the positions with unemployed people.

Based on the data, the rate of placements of unemployed people by the Public Employment Service (PES) is very low in recent years.

During the first nine months of 2015, only 2.541 registered unemployed were employed in job vacancies that were announced to the PES.

Compared with the total number of registered unemployed at the end of September 2015 that reached 43.637, the rate of placements stood at 5% remaining at very low levels since 2012.

The number of placements as well as the share of placements is on a downward trend since 2010 as, since the crisis begun, vacancies are decreasing while the number of unemployed people is increasing. As a result the number of unemployed people per vacancy has surged to 4 in 2015 from 0.6 in 2007.

Placements to the government and semi-government sector are particularly reduced obviously due to limitations in recruitments based on the creditors’ demands.

The rate was at 1% until September, as in 2014 since only 470 people were employed in the public and semi-government sector, compared to 18% in 2006 when 2.293 unemployed people were placed.

The decrease in placements is evident in the private sector as well, although to a lesser extent as 2.071 or 5% were employed by September.

This figure stood at 28% in 2010 when 6.484 placements were made in the private sector.

As a result of these trends there is an increasingly shrinking chance of finding a job through the mechanisms of the ministry of labour.

According to the same data, long-term unemployment (over 12 months) has risen sharply in the last five years, from 1.243 (5% of total) in 2010, to 12.338 (28% of total) in the first nine months of 2015.

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