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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