So far in our attempt to answer the question of “Where did the jobs go?” we’ve seen that since 2008 a significant number of both Bermudian and non-Bermudian jobs have declined. Let’s start digging a bit deeper to see what the data can tell us.
Of note, the data from the Employment Survey Tables provided by the Department Of Statistics unfortunately had a change in occupational category groupings from pre-2008 to post so I’m only going to show data from 2008 for now.
Also note, only Bermudians and non-Bermudians (not including Spouses of Bermudians and Permanent Residents) are being considered here. Simply because the the other numbers don’t vary enough to warrant detailed analysis at this time.
So, let’s take a moment to examine what happened with Bermudian jobs when grouped by major occupation.
This tells an interesting story of which Bermudian job occupational types were most impacted by the job losses over the last 8 years. Notably jobs in the “Clerk” role (these are effectively Secretarial positions and the like) were heavily impacted. Most except service workers experienced declines. Technicians and agriculture workers seem to have been un-impacted. It is interesting to note that the declines are fairly steady with a bit of an acceleration in the job losses in the clerk role from 2011. Thankfully from 2014 to 2015 most roles stabilized.
As a contrast, let’s take a look at non-Bermudians (not including Spouses and PRCs).
For non-Bermudians, most roles experienced heavy declines. Professionals were the largest in losses with nearly 1/3 of roles disappearing. Service workers and trades worker jobs were also very heavily impacted. Notably there has been an ever so slight uptick in a few of the roles.
What is the cause of these declines? It is hard to say at this point. What we do know is that the term limit policy was introduced in 2007 and ended in 2013 and that could have had an impact. In order to get a better idea we’d likely have to review work permit statistics in depth, if such information is even available at a granular level. There was also a global recession during that time period. Clearly was is obvious from these graphs is that non-Bermudians roles were eliminated earlier and significantly faster than Bermudian roles when looking on a basis relative to the total numbers of each.