OBA believes jobless rate is higher than reported in Census
The One Bermuda Alliance repeated its call for Government to get accurate unemployment figures, claiming more are out of work than Census results suggest.Last Friday, Premier Paula Cox announced the Island’s unemployment rate was six percent at the time of the May 2010 survey.However the OBA argued the more important statistic is the Bermudian unemployment rate, which stood at eight percent; and the official Opposition believes the true figure is in fact much higher.“We believe the Bermudian unemployment rate is significantly higher; with the Government conceding that it is ‘reasonable’ to believe there are more Bermudians unemployed than it is reporting,” said an Alliance spokesman.“Our belief that the unemployment rate is significantly higher than the Government’s figure is based on a combination of anecdotal evidence, ongoing press reports of increasing joblessness and an April poll by Mindmaps that reported 12 percent of residents had become unemployed in the preceding year. “We would be interested to hear what figure guides the Government’s deliberations and actions on the economy: six percent or 12 percent?“It’s an important question because the answer can have a significant impact on policies put forward to address the problem.“That the Government has never mustered the effort to compile an accurate unemployment rate remains a mystery. Once again, we call on the Government to commit to getting accurate unemployment information and to share it with the community.”The OBA said Government can use the Census results, payroll tax receipts and social insurance payments to produce a credible unemployment figure which can be used to formulate and adjust policies to help people. Meanwhile OBA seniors spokeswoman Louise Jackson asked how Bermuda will cope as increasing numbers of seniors need health care treatment, funded by a decreasing pool of workers.The Census showed the proportion of the population aged between 22 and 40 dropped from 41 percent in 2000 to 35 percent in 2010, while the proportion of seniors climbed from 11 percent in 2000 to 14 percent in 2010.Mrs Jackson said in a statement: “The implications of these trends for the sustainability of the Government’s FutureCare programme cannot be avoided.“The population projections indicate that a tremendous and growing burden will be placed on the younger, working population and the FutureCare programme as it is currently configured will become increasingly inequitable and ultimately unsustainable.“This is an issue that requires serious consideration and planning. We would urge the Government to provide the public with its understanding of the issue.”