(OFFICE OF THE GOVERNOR) — Employment is up, according to the March 2007 Current Employment Report.
When comparing the latest report to the December 2002 report, 4,870 private sector jobs have been created in the last five years.
Overall employment has increased by 3,760 jobs for a total workforce of 59,780, the largest workforce on Guam since March 2001 when the workforce numbered 60,200.
“We’re seeing a strengthening economy with more jobs and better opportunities for our people,”’ acting Gov. Michael W. Cruz said in a statement. “The private sector is growing under Governor Camacho’s tenure and that’s because of the effective partnership he has forged with businesses.”
In the last year alone, the job total from the payroll survey increased by 1,050 from 58,730 jobs in March 2006.
The number of jobs recorded on the private sector payroll increased by 810 over the latest one-year period. Construction industry jobs accounted for most of the private sector increase.
Government of Guam employment, which includes autonomous agencies and the Guam Public School System, increased by 170 jobs over the previous year.
“Construction jobs account for the majority of the recent increase with additional jobs in construction expected in the near future,” Department of Labor chief economist Gary Hiles said.