1,400 jobs were lost in 2010

More than a third of those affected Bermudians, the Bermuda Job Market Employment Briefs suggest.

Men have been hit hardest by the economic downturn with a breakdown of the stats showing that 1,012 men lost their jobs.

The weakening of the construction industry appears to be the biggest influence with that sector accounting for 446 job losses.

In a press release today, Government stated:

In 2010, Bermuda’s employers reported a decrease of 1,423 jobs. There were 38,097 jobs counted last year compared to 39,520 in 2009.

The number of jobs held by male workers contracted with a loss of 1,017 positions. This was more than double the 406 positions lost by female jobholders between 2009 and 2010.

The number of jobs held by Bermudians declined by 542 jobs, while positions filled by non-Bermudians and non-Bermudian spouses of Bermudians decreased by 867 and 13, respectively.

In contrast, positions held by permanent resident certificate holders held steady increasing by only one filled job during 2010.

Other Highlights of Employment Activity

• Employment levels in the hotel industry continued to decline, shifting down from 2,719 in 2009 to 2,432 in 2010.
• The construction industry provided 3,042 jobs in 2010; a loss of 446 positions or a 14.7 per cent drop from 3,488 jobs posted in 2009
• Employment in the International Business sector dipped by 144 positions or 3.4 per cent from 2009.

Complimentary copies of the Employment Brief 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.

Electronic copies of the briefs can be downloaded from the Department of Statistics website at www.statistics.gov.bm.

In addition to the Brief, a set of detailed employment tabulations is available to provide more-in-depth information about the local job market captured during the 2010 Employment Survey.