The Reserve Bank of Fiji (RBF) has published its February Economic Review, revealing encouraging developments in the country’s labor market. Notably, the report indicates a significant 27.3 percent decline in the number of Fijian citizens emigrating abroad as of January, compared to the previous year. This drop is largely attributed to more rigorous immigration and employment policies implemented in Australia, which have curtailed opportunities for Fijians wishing to work or reside there.
Additionally, Fiji has experienced a notable 66.5 percent decrease in the number of foreign workers during January, following a 31.2 percent increase in 2024. Despite this reduction, foreign labor remains crucial to Fiji’s economy, enhancing the diversity and dynamism of the workforce.
Moreover, the review reports a positive trend with a two percent increase in formal employment for 2024. This uptick is driven by heightened registrations in key industries such as wholesale and retail trade, accommodation and food services, transport, and administrative support, which collectively offer new job prospects for the local population.
The decline in emigration and the fall in foreign worker numbers signal a stabilizing labor market in Fiji, emphasizing the growth in formal employment sectors. This shift suggests a transition toward a more sustainable labor environment that has the potential to bolster job security and economic resilience.
There is hope that with the reduced number of Fijians leaving for overseas opportunities, skilled individuals may return to contribute to local economic development. As the labor market evolves amid these changes, Fiji could be on the path to regenerating a strong and vibrant workforce, enhancing prospects for a robust economic future.
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