Report: Unemployment Rate Now At 8%
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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Well at least we have an accurate number of the unemployed so the OBA can stop making up numbers.
These stats are from May.. Wonder if thing have gotten better or worse since then?
the 8% rate is officially the highest on record, Last time it was that high was in 1991!
It was NEVER this high. Or at least not since Bermuda’s main industry was farming.
The unemployment rate would be far higher if you were to include all the expats who have left the island, but since the survey was conducted among residents only, they were of course not counted.
Bermuda has essentially ‘exported’ a big part of its unemployment problem.
Of course, they’ve also ‘exported’ a big part of their future employment chances as well …
Ok maybe my uneducated self needs to be educated more,who the hell cares about the expats that have already left or any Bermudian who has left at this point,atleast they had somewhere to go.
My concern is for the more then 3,300 unemployed that are in Bermuda but yet we see in the daily last week were we are told we need to bring in more foreign workers,well do the math because it dont add up and I can understand the workers that are needed in areas of International businesses and medical,along with high profile positions where there are not enough locals to fill but the jobs that are being taken up by the foreign populaetion are mostly what Bermudians can do.
Restaurants,hotels,landscaping,drivers position in bakeries and bread deliveries and pizza places to name just a few.Bermuda has outsourced itself within its own boarders and are driving the born Bermudian to seek else where for survival and if you want the truth it does not matter who the hell you vote for in the next election because clearly the purse string are pulling the buck and we are not talking tax payers purse here either.
Get your damn heads out of the sand and reconize slavery never ended,physical slavery might not be at the fore front vut mental slavery is and you can bet your ass it is people that look like me and connected to people who dont look like me who is creating the very destruction we see in our country.
So when you go to the polls it dont matter if you vote for uncle tom and sally ann or just plain ole Jim crow and becky
Zzzzzzzz
Hey Duane, I think its the government people that look like you that have actively driven out a lot of people that don’t look like you already. How’s that working out for you?
Its fact that the plp have issued more work permits than ever so there’s your answer since they clearly weren’t for the IB. Why is it that you can see who is destroying the islamd yet the majority can’t? This black and white sh!t is old, like 1960′s old, if people haven’t noticed the only REAL seperation is between rich and poor. It is impossible for an economy to have majority rich people, so the poor are obviously the majority, the poor are being mind-f@cked for the simple for the gain of the wealthy. You don’t have money, the government doesn’t have any f@cks to give you, oba or plp straight up.
Hopefully the reality of black and white would be closer to you seeing the truth when compared to todays article in reference to the wisdening of the gap between whites and blacks when it comes to who gets paid more, you have some very honest and reliable white employers who pay staff an equal rate across the board but unfortunately you have the majority of white employers who pay their black staff less then their white counter part and this is not the 60′s sadly to say it is 2012 and the crap still happens but I guess you wont know that,just wonder what color you are.
Dumb Bermudian. I care about ANYONE losing their job, have you ever had this happen to you? I expect you have from your ignorant post.
Look on page 7,
Look at the hotel line….. 936 in 2009, 1837 in 2010???? Same with Restaurants.
According to this, over the past 2 years, Retail, IB, Business Services and Financial intermediation are all up????
WTF??????
lol, I guess they’re counting all those staff at the Park Hyatt in St. George’s. Wasn’t it supposed to open in 2012?
Unemployment,period has been totally unheard off in the history of Bermuda.
Those who were unemployed either did not want to work or were the unemployable.
The economy should be priority one with crime a very,very close second.
There is so much at stake here and the PLP have absolutely no clue on what to do.
They are dragging the election date for as long as they can in hopes a miracle will happen.
Who the heck are you and where to you get your facts from because unemployment reared its ugly head back when the construction industry first went bust.Tourism went bust before during the wars because people stopped traveling.Remember we need spenders in order to keep businessess running who in turn pay their employees who in turn spend money. Until things turn arond econically the employment situation will only get worse and NO party can help.
This thing makes for comedic reading.
Am I supposed to believe that in 2 years. 3000 Black people have disappeared and 2000 white people replaced them (Page 6)
It’s a plp plot to replace all the …. oh, no, wait …
This marks the 404th year in a row Black people are getting the short end of the stick. When will they get it together and stopping being just consumers and employees? The really sad thing is, if they didn’t have a GUMMINT siphoning profits off REAL businesses and feeding it to an extremely bloated GUMMINT workforce, it would be even worse.
Tsk tsk
The Arabs are comming.
How many times you guys have to be told.
First, if you do the arithmetic the unemployment rate (using their calculation) is actually 8.4%, not 8% [amazing how much better things look when you can round them down].
However, if you recognize that expats are all employed – no job equals no work permit equals leave the island – it follows that virtually all of the unemployed are Bermudian. Remove the expats from the calculation and the unemployment rate jumps to 9.8%
Figure
unemployed and drunk….mission accomplished.
I am one of the unemployed people in these statistics. I personally do not believe that these statistics reflect the true number of unemployed persons of Bermuda. Its a shame that I am having to suffer unemployment because of older persons voting PLP into power all because of race. I’m sure Obama wasn’t voted President because he was black, people actually believed that he would be a better president than his counterpart.
Its a shame that the PLP has robbed Bermuda blind and we as citizens sat back and allowed it and are now suffering for it. Its a shame that people with college educations are being reduced to working as retail sales associates and the like. I hope that everyone that voted PLP in because of race is happy with what they have done to the youth of Bermuda. I remember I used to be able to say “them boys don’t have to sell drugs, they choose to” now this isn’t so true, they are doing it simply to survive and to take care of home as some households only have one person unemployed to a family of 5.
I’m a young black female and I’m very disappointed in the Bermuda that I have to live in. We have people who voted simply because of race, a money hungry government who robbed us right in front of our faces, and establishments that continue to bring in people to work in entry level positions. What happened to training Bermudians to do these jobs? What happened to taking care of our own first?
wishful thinking would be for me to say there’s a turn around in the near future… But there won’t be. Bermuda needs to begin to prepare for more social ills as people will turn into survival mode of doing what has to be done to get by…
Vote OBA!
I remember I used to be able to say “them boys don’t have to sell drugs, they choose to” now this isn’t so true, they are doing it simply to survive and to take care of home as some households only have one person employed* to a family of 5.
Page 19 actually has the unemployment rate for Bermudians at 10% in 2012.
This is a clear sign that economic recovery is coming….
We are on our way to 25% unemployment. That PLP has given us permanent structural unemployment.
The PLP have given you ‘so much more’ unemployment. Another PLP “Achievenment”.
Thank goodness Government has become such a big employer under the PLP friends and family plan – otherwise unemployment would be in the double digits. Yup, lets totally strangle business so tat the few at the top can have the Cuban style kleptocracy they PLP Central Committee has always aimed for.
The dirty little secret is that the PLP elite do not really want Bermudians to succeed and will do everything in their power to thwart average folks just getting on with it as they see real achievement as a threat to their status (quo). Case in point – I challenge somebody to come up with an example of Ewart Brown (the guy still really running things) ever having a kind word to say about anybody. Instead he just contemptuously talks down and implies that if we are having difficulties it is entirely our fault because he is perfect. And the rest of his entourage who for the most part are totally incapable of making a go out of anything other than leeching run around cow-towing to him out of fear that they might have to actually one day go out and make a real living.
The horrible truth is that OUR national wealth and good reputation have been totally consumed perpetuating this banana republic charade and a huge portion of the electorate remain in denial,(assuming this matters as the constituency boundaries are already somewhat skewed in favour of the PLP, who knows what else).
By the way, the OBA signs being removed from the bus stops is a real double standard seeing as the PLP granted ROCK Media (a Jim Kerwin company, that great friend of Dr. Brown and Zane DeSilva hailing from the same state as Tony Soprano)the contract to sell light box space on these same shelters, a type of electric signage that is in fact illegal on the outside of buildings (see planning regulations).
Dawn Simmons forgot to draw attention to some of the other pertinent statistics in the survey. Let’s see whish sectors saw changes:
2000 2012 Change
International Business 4,094 3,167 Down 927
Hotels 2,738 1,671 Down 1,067
Retail 3,464 3,093 Down 371
Public Administration 2,510 4,432 Up 1,920
So as the private sector, that is the tax paying part of the economy that provides revenue to Government, lost jobs, the public sector, that part that creates almost no wealth, vastly increased.
No wonder the PLP don’t shout out about those numbers.