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72.9% of Employment in Territory Made Up of Expatriates

New statistics released by the Central Statistics Office have revealed a significant trend in the employment landscape of the Territory. According to the data, an astonishing 72.9% of all employment was made up of expatriates.

Changing Dynamics in the Workforce

The figures also show that the share of men employed has declined, from 52.9% in 2020 to 52.0% in 2021, while the share of women employed increased from 47.1% to 48.0% over the same period. This shift is reflective of a changing dynamics in the Territory’s workforce.

The report also highlights the impact of the hurricanes and the pandemic on employment trends. Following the hurricanes, there was an increase in part-time and full-time workers as construction needs increased. However, the pandemic led to a shift towards furloughed workers, with many businesses temporarily or permanently closing.

Recovery and Growth

As borders reopened and stimulus responses took effect, businesses began to reopen, leading to an increase in full-time workers and a decline in part-time workers. The construction industry saw a significant 20.2% increase in full-time workers, while the hotels and restaurants and administrative services sectors also experienced growth.

The data also reveals that women’s average earnings were higher than men’s in recent times, likely due to the influx of lower-paid male workers following the hurricanes. However, this trend reversed in 2021, with average earnings increasing for both men and women.

Furthermore, the report shows that the number of employees in the low-income group declined, while the middle and high-income groups experienced growth. This suggests that men and women have returned to full-time workdays and are earning higher pay.

Key Takeaways

  • 72.9% of employment in the Territory is made up of expatriates.
  • The share of men employed has declined, while the share of women employed has increased.
  • The pandemic led to a shift towards furloughed workers, while stimulus responses and border reopenings led to an increase in full-time workers.
  • Women’s average earnings were higher than men’s in recent times, but this trend reversed in 2021.
  • The number of employees in the low-income group declined, while middle and high-income groups experienced growth.

The statistics provide a comprehensive picture of the Territory’s employment landscape, highlighting key trends and shifts in the workforce.