Jobs rose in 2022 but still short of pre-pandemic level
The number of jobs in Bermuda increased in 2022 year-over-year, but is not back to pre-pandemic levels, Department of Statistics figures have revealed.
The Job Market Employment Briefs report said there were 31,914 positions filled at the time of the survey in 2022, an increase of 598 on the previous year.
In 2019, the year before the Covid pandemic began to impact the island’s job market, there were 34,378 jobs in Bermuda. That number had fallen to 32,427 a year later.
The latest figures released by Jason Hayward, the Minister of Economy and Labour, show that between 2021 and 2022 the number of filled jobs by Bermudians climbed by 227 jobs to 22,230, representing 70 per cent of the total jobs.
Filled jobs by “other non-Bermudians” — non-Bermudians who are not permanent resident certificate holders or spouses of Bermudians — increased by 359 jobs to 7,311. Other non-Bermudians comprised 23 per cent of total jobs.
The median gross annual income for all job holders increased by 2.6 per cent (+$1,763) to $68,599, the figures show.
Mr Hayward said: “The Bermudian labour market showed improvement in 2022 as the economy began to recover from the impact of the pandemic. Although job levels are still below pre-pandemic levels, I am hopeful this growth will continue.”
The four industries with the largest year–to–year changes in absolute numbers were reported by the international business activities sector (+282 jobs), the accommodation and food service activities sector (+221 jobs), public administration (-108 jobs) and professional, scientific and technical activities (+83 jobs).
Mr Hayward added: “Table 4 in the Employment Briefs serves as a tool for indicating jobs that are in demand and present possible job opportunities for suitably qualified Bermudians.
“The table shows Bermudians and Other Non-Bermudians in selected occupations and the percentage of jobs filled by Other Non-Bermudians.”
In 2022, some of the key occupations in demand that present opportunities for Bermudians include chef de partie/cook, accountants, actuaries, registered nurses, beauticians, masons, underwriters and secondary education teachers.
The 2022 Employment Survey reference week was August 28 to September 3, 2022. The Briefs examine the employment changes between 2021 and 2022.
In February this year, preliminary data from the 2022 Employment Survey were released in the 2022 National Economic Report. The results provided an initial indication of a positive shift in jobs at the aggregate level.
More in-depth cross-tabulations on Bermuda’s job market are published in the 2022 Employment Survey Tabulation Set.
• The 2023 Employment Briefs and the Tabulation Set are available on the Bermuda Government website athttps://www.gov.bm/employment-statistics