Sunday, August 9, 2009

One-in-four jobs on Guam are government jobs

Unemployment on Guam* always seems to be around 8% and above even in good times, but the island's employment has been relatively stable in this downturn.

Private sector employment fell from 45,580 to 44,910 from June 2008 to June 2009 a net decline of 670 jobs or 1.5%, according the Guam Labor Dept.’s most recent employment report. 

Guam's total employment, which is the sum of the public and private sector labor force, is 59,340, a decline of 590 from a year ago or a 1% decrease. Not bad for a recession.

A major reason for this relative stability (no real job growth or decline) is the high percentage of people who work for Guam's government or as a federal civilian.

The government of Guam, which includes utilities, employed 10,640 in June, a reduction of 80 jobs over 12 months. The federal government employed 3,790 people in June, an increase of 160 jobs from a year ago. In total, about one in four people on Guam works for the government.

Regarding population:
2000: 155,000
2008: 171,000
Excepted population after
military build-up: 196,000

*Unemployment data for Guam, at least for me, seems difficult to come by. If anyone knows a source that reports quarter-by-quarter trends, please let me know.

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