Bermuda recorded its first year-over-year increase in jobs last year since 2008.
According to the Department of Statistics, a total of 33,481 jobs were listed. That’s 162 more jobs in 2016 when compared with 33,319 jobs in the previous year. But the number of jobs held by Bermudians were down from 23,576 in the 2015 survey period to 23,494 in 2016, representing a decline of 82 positions.
The statement released on the findings earlier today described the decline in the number of jobs held by Bermudians as “cause for worry”.
On the flip side however, the category of non-Bermudian workers who are neither PRCs or spouses of Bermudians recorded an increase of 269 additional jobs. That’s up from the 6,990 recorded in 2015 to 7,259 last year.
Commenting on the latest survey, Minister of Government Reform Lovitta Foggo said: “Reports of this nature are important for governments in their role as planners and policy makers.
“The Bermuda Job Market Employment Briefs were initially prepared for distribution in May, but the report was not released at that time.”
She noted that the 2017 Bermuda market briefs highlight the main findings of the 2016 Annual Employment Survey.
“This report provides a broad estimate of jobs in the Bermuda labour market by selected demographics, industrial and occupational groups,” said the Minister.
“It examines employment changes between the years 2016 and 2015, as measured by a survey of more than 4,000 employers (4,054 business survey) during a specified period of the year.”
The strongest job growth was recorded in restaurants and bars, with a 185 job increase, together with the retail sector, that recorded an additional 111 jobs.
Community, social and personal services were up by 105 jobs, while the public administration sector lost 169 jobs.
- For more information on the 2017 Edition of the Employment Briefs visit the Government portal at www.gov.bm/employment-statistics.