The Ministry of Labour and Workforce Development released its latest employment outlook on Tuesday, warning that the number of jobs available to Bermudians is projected to fall in 2025. Deputy Minister Hayward, speaking at a press briefing in Hamilton, cited a decline in the overall job market, driven largely by a slowdown in both the tourism and financial services sectors.

According to the ministry’s analysis, the total pool of job openings on the island is expected to shrink from 7,400 in 2024 to roughly 6,800 by the end of next year. Of those positions, only about 45 % are anticipated to be filled by Bermudians, a drop from the 52 % recorded in 2023. Hayward noted that the gap is widening as foreign‑based firms continue to expand their remote and offshore operations.

The report also highlights a shift in the types of roles available, with a rising demand for digital and technology‑focused positions that many local workers are not yet equipped for. In response, the ministry is partnering with the Bermuda Enterprise Development Agency to launch targeted training programmes aimed at up‑skilling the workforce in high‑growth areas.

"We are not content to simply accept a weaker job market," Hayward said. "We must act now to equip Bermudians with the skills they need to compete and to support those sectors that can offer sustainable, long‑term employment."