Brief indicators

This year’s employment brief is an important one not for what it can tell us about the impact of the global downturn but instead what it can tell us about Bermuda’s economy before the downturn hit.  It was argued beyond the end of last year whether Bermuda would be impacted by the downturn, thus we can assume that any significant declines in job numbers are not likely to be tied to the downturn itself.  Instead, declines would point to larger perhaps forgotten issues that we would have created ourselves.  Indeed, we have yet to see the true impact of government policy decisions like term limits and whether the government is correct when they suggest it has had little impact or instead if people and the jobs they perform have quietly been moving off island.

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