The Department of Statistics released the 2012 Labour Force Survey Executive Report today [Oct 17], which shows that the overall unemployment rate was 8% in 2012 – compared to 6% in 2010.
This report provides findings on employment, underemployment and the unemployed with comparisons for the years 2010 and 2012.
The working population declined by 1,323 persons from 2010, and the decline in non-Bermudian workers [1,083 persons] was triple the employment loss among Bermudians.
The number of black people in the working population decreased from 20,171 to 17,229 [-2942], while the number of white people employed increased from 11,312 to 13,237 [+1925].
Summary points from the 2012 Labour Force Survey:
- Unemployment was higher in 2012 at 3,305 persons compared to 2,583 in 2010
- The overall unemployment rate was 8% compared to 6% in 2010
- The number of males in the working population fell by 543 persons, females by 780
- The overall working population decreased by 1,323 persons
- Workers between the ages of 16 and 24 represented 6% of the working population, 2,119 workers
- The median gross annual earnings for all workers was virtually unchanged at $58,698
- Nearly 1 in 5 members of the working population reported that they were underemployed
- The average number of hours worked per week in the main job was 38
- The number of Bermudians in the working population decreased by 336 persons or 1.2%.
- The other Non-Bermudians category decreased by 1,083 persons or 16.7%.
- The number of black people in the working population fell from 20,171 to 17,229
- The number of white people increased from 11,312 to 13,237
Complimentary copies of the 2012 Labour Force Survey Executive Report are available at the Department of Statistics, which is located on the third floor of the Cedar Park Centre Building, 48 Cedar Avenue in Hamilton.
The full 25-page report is below [PDF here]:
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Articles that link to this one:
- Swan: Unemployment Stats ‘Paint A Grim Picture’ | Bernews.com | October 18, 2012
- Minister Minors Responds To Labour Report | Bernews.com | October 18, 2012
- OBA: We Cannot Continue With Spin & Deception | Bernews.com | October 19, 2012
- PLP: Labour Study Shows Incomes Increased | Bernews.com | October 19, 2012