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The number of jobs in the financial and legal sector rose to 13,760 in December - a new record representing a growth of 11% over the last five years.
300 jobs were added to the sector in 2018 - the biggest increase among all sectors, according to the latest Jersey Labour Market statistics.
Fund administration saw the biggest annual increase in jobs, with an extra 110.
The largest sector by job count is finance and legal activities, which makes up 23% of all jobs in Jersey. https://t.co/Aicu9GAWCy pic.twitter.com/iqQHwpmPEW
— Statistics Jersey (@JsyStats) April 5, 2019
In comparison, education, health and other services saw an increase of 220 jobs, while construction was up by 180.
Hospitality and miscellaneous business activities were up by 170. Wholesale and retail was the only sector to see an annual decrease in jobs, with 40 down.
Commenting on the figures, Joe Moynihan, Jersey Finance's CEO, said they were reflective of “genuine optimism in Jersey’s future as an evolving and forward-thinking international finance centre".
Pictured: Joe Moynihan, CEO of Jersey Finance.
“The figures reflect an industry that is strong, but that is also evolving, forward-thinking and focused on sustainable long-term growth,” he said.
“Off the back of the financial crisis, we put in place plans to focus in particular on upskilling in our fund, trust and corporate administration sectors, and we are now seeing the fruits of that."
The total number of jobs in December was 60,900, including 53,120 jobs in the private sector - the highest figures recorded to date.
There was an annual increase in jobs of 1.9%, rising 1,110 to 60,900, the highest December total to date. https://t.co/Aicu9GAWCy pic.twitter.com/IgxlnQtpmw
— Statistics Jersey (@JsyStats) April 5, 2019
This represented an annual increase of 1.9%, driven by the private sector, which saw an annual increase of 1,110 jobs (2.1%).
The number of jobs in the public sector were essentially the same as in December 2017, with 7,780 jobs.
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