The number of people employed was about 600 fewer than at the same time last year, a fall of 1.3 per cent.This is the largest 12-month fall in private sector jobs for three years but not as high as the fall of 1,020 in the 12 months to June 2000.The total number of full-time jobs fell by 750 in the first six months of the year to stand at 37,600, a drop of two per cent.
However, there were more part-time jobs available.
The numbers increased by two per cent – or 150 – to 7,880.The latest statistics also reveal the number of full-time jobs in the finance industry fell by 260 in the first six months of this year.
However, the industry employed 10,680 people full-time at the end of June and is still significantly the Island’s largest employer.
The banking sector accounted for 240 of the fall in job numbers.
The latest private sector manpower survey carried out by the Economic Development Committee also shows a reduction in the number of jobs in the construction industry, which saw 260 full-time jobs go in the 12 months to June.