Labour Market Deep Dive 2: Status and Occupation

The breakdown of employees by status, occupation and gender over time yields several interesting trends and changes:

• Over the last 10 years, almost 1,500 Bermudian jobs have been lost, reasonably equally split between male and female
• The majority of these falls have been in the last 5 years, with both genders dropping by more than 6%
• Other Non-Bermudian is the only status to see growth, with the majority coming from females
• Since 2020, there has been a notable fall in Public administration and accommodation, while the highest growing occupation is Financial and Insurance activities of IBE

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As per the analysis on the Workforce Over Time, the overall workforce has been recovering since a substantial drop in 2020. The status breakdown helps to see the overall trends, with only ‘Other non-Bermudian’ seeing strong growth.

The Bermudian and Spouse of Bermudian categories have not seen a full recovery, and remain lower than 2019, and indeed 2014.

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Over the last 10 years (2014-2023), there has been a clear trade-off between Bermudians and Other Non-Bermudian – for both genders. Both female and male Bermudians have seen falls of over 700 positions each.

Most of this shift has happened in the past 5 years, with more than 1,200 Bermudians leaving the workforce.

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Unfortunately the cateogrisation of occupation saw significant changes in 2020, which makes comparisons before that difficult. However, from 2020 to 2023 can provide insight, with the vast majority of the fall in employment coming from Public administration and Accommodation – which would align with the drop in Bermudians.

Since 2020 there has been strong growth in only two areas – and the Food and Beverage Service can largely be dismissed as a recovery from the lows of Covid-19 in 2020. The largest growth has come from Financial and Insurance activities of IBE.

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