Seventh Consecutive Year Of Job Losses
For the seventh consecutive year, Bermuda’s job market reported job losses with total filled positions falling by 156 [or 0.5%] in 2015.
This is according to the Bermuda Job Market Employment Briefs, which highlights the main findings of the 2015 Annual Employment Survey and was released today [June 23] by the Department of Statistics.
Chart extracted from the report:
The report said, “For the seventh consecutive year, Bermuda’s job market reported job losses. There were 33,475 jobs counted in 2014 compared with 33,319 in 2015.
“The breakdown of filled jobs by sex shows females accounted for 69 fewer positions in 2015 while males represented 87 of the total decline.
“The number of Bermudian job holders fell from 23,833 in 2014 to 23,576 in 2015, a loss of 257 jobs. The number of jobs held by other nonBermudians [excludes non-Bermudian spouses of Bermudians and Permanent Resident Certificate [PRC] Holders] increased by 105 between 2014 and 2015.
“Across the economy, the public administration sector reported the largest decline in filled jobs with a loss of 227 jobs. The decline in public school teachers was the largest contributor to the year-over-year decline in positions for this sector from 753 in 2014 to 679 in 2015.
“The financial intermediation sector grew in 2015, increasing by 116 filled jobs to 2,369 from 2,253 in 2014.”
The Bermuda Job Market Employment Briefs follow below [PDF here]:
where are the 2000 jobs?
OBA what is going on?
You do realize that the only reason job losses during the PLP years were not greater and a true reflection of the damage they had done was because in order to mask the decline in employment the PLP just hired them into the civil service! A large portion of the job losses were due to early retirements. Read the report not just the headlines.
What would you be saying about the OBA if they did the same right now just for the sake of making things look better?! You would be crying LIARS and FRAUDSTERS!!!!!!!! So answer this why didn’t you say anything then? What was in it for you ?
And they built a new hospital. Sorry, wing!
No one respect de Old Cedar Tree, everyone seems to come before we !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I’m quite sure the BHB had more of say than the PLP.
OBA can’t produce any jobs and they waste over 300K on a failed referendum. I think we are tired of the OBA government. Pathways to Status was a disaster. Next is the airport failed experiment.
Wonder what this chart would look like if they added race !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So basically the vast majority of the job ‘losses’ are a result of the early and natural retirement of civil servants…
True but then people would have nothing to moan about so it has to be seen in another light for the moaning factor to be effective.
But surely they where doing work before they retired and would therefore need someone else to be hired to continue to do the work
No. They were offered early retirement in order to downsize a bloated civil service. That was the whole point.
Bdian jobs fell. NonBdian jobs increased. Nuff said.
If they’d given every one status, then Bermudians jobs would have gone up but noooooooooo.
That’s what you expect in a recovery. Non Bermudian jobs fell first too.
The non-Bermudians tend to be the high skill foreign exchange earners who bring wealth into Bermuda.
But , but , but the UBP/BDA/OBA promised … Oh never mind , the misleading has , apparently been their modus operandi in everything , from day one .
Just how many jobs has the policies and the environment created by the UBP/BDA/OBA produced for Bermudians ?
Good job it isn’t following the 2011-2012 trend.
Redraw the graph with the right axis based at zero to get a true sense of the decline.
Why is a 2nd y-axis even included? Call the primary axis “Jobs” and add a third bar for the total. It honestly feels like that was added with the sole intention of manipulating the reader’s interpretation of results. The total trend is obviously downward in nature, but it’s not as cataclysmic as presented. Why didn’t they just set the minimum of that axis at 33k to prove, once and for all, that there are now 0 jobs left in the country?
You assume that the author knows how to use the software ….
This page is interestingly quiet? Hello!! anyone out there care to comment? How is it that a Gov’t who is “committed to Bermudians” or so they tell us, can explain this? And then they and their trolls act as though something is wrong with us when we told them that it’s clear that Bermudians (These are the people Born here with Generations of roots just for clarity) are not a priority for this Gov’t… Those who swung their vote in the OBA’s direction were foolish…
This is what it looks like when the government of the day doesn’t have a real plan to improve our economy.
If there’s any consolation, the large-scale hemorrhaging of jobs has stopped. But it will be interesting to compare these results with the mini census this year.
That graph is showing a remarkable slow-down in such a short period of time. Evidence to me that the policies of the OBA are working. Clearly not as quickly as people would like, but with the train wreck they were left it is an extraordinary result.
Non-bermudian jobs percentage increases, Bermuda needs more competent workers wherever they come from and get rid of the local dead wood.
In one year, 2011-12, we lost 2,000 jobs.
Thankfully the people making that happen are now the opposition.
The graph shows that the OBA have progressively managed to put on the brakes and slow down the losses. In a years time the losses should have stopped or even better yet there should be evidence of a reverse trend! Amazing job considering the massive hole the PLP put the island!
@Zevon. We’ve lost more than that since. Thankfully this current Govt making that happen will be the opposition in 2017.