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BERMUDA | RSS PODCAST

Report: 1,000 jobs added a year

An extra 1,000 jobs are being created each year in Bermuda and will result in the Island having 44,000 jobs by the year 2010.Of concern is the proportion of jobs that are being filled by non-Bermudians rather than Islanders.In 2006, 75 percent of new jobs were filled by non-Bermudians and that trend looks likely to continue. These statistics were presented at an employment seminar in Hamilton given by Profiles of Bermuda.

Managing director Cordell Riley said the figures were "sobering" and something Government and Bermuda needed to be aware in terms of its economy and society.

Surprisingly it is not international business that is creating the largest portion of the new jobs, but the booming construction industry.

At the seminar, held at the Fairmont Hamilton Princess Hotel and attended by representatives of corporations and companies as well as Government, Mr. Riley also provided an insight into the demographics of Bermuda's population and the remarkable fact that in contrast to the rest of the developed world, the Island's average age is decreasing and now stands at 36 because of the influence of the continuously replenishing expatriate workforce.

A full report on Profiles of Bermuda's findings will appear in tomorrow's Business Section