Labour Market for December 2015

29 April 2016

Jersey’s Labour market report is published every six months and covers key aspects of both public and private sector total employment.

In December 2015:

employment in the private sector was 49,770, the highest December figure for private sector employment to date
employment in the public sector was 7,960

the rise in private sector employment on an annual basis was predominantly due to increases in the numbers of full-time (+850) and zero-hours (+660) employees
the fall in public sector employment on an annual basis was driven by decreases in the numbers of States of Jersey core employees (-140) and zero-hours employees (-210)
6,300 jobs in the private and public sectors were on zero-hours contracts, representing 11% of total employment. In the private sector 12% of jobs filled were on zero-hours contracts and in the States of Jersey 6% of jobs filled were on zero-hours contracts

At a sectoral level:

employment in the private sector service industries increased by 730 on an annual basis
employment in the Construction sector increased by 320 on an annual basis
employment in the Finance sector was 420 higher on an annual basis

the increase seen by this sector was driven by the Trust & company administration and Legal sub-sectors (up by 270 and 100, respectively)
in contrast, the Banking sub-sector saw a fall in employment (down by 60 on an annual basis) to a level around 1,500 below that recorded in 2007 and 2008
employment in the Finance sector, overall, was the highest since June 2009 but was some 400 below the peak recorded in December 2008