Unemployment

Isle of Man Labour Market

Key Points as at the end of December 2021:

• Unemployment has decreased by 2 persons from the previous month (November 2021), and has decreased by 465 persons compared to the same month last year (December 2020). 
• The unemployment rate for December 2021 is 0.7%, remaining the same as the previous month (November 2021). The unemployment rate is the proportion of economically active population registered unemployed. 
• 657 job vacancies were notified to the Job centre in December 2021, which is a decrease of 351 compared to the previous month (November 2021). At the end of the month, 460 remained. Of these, 60% (278) were full time positions and 40% (182) were part time. 

ILO estimate: It is estimated that 736 individuals are unemployed and looking for work in December 2021 compared with 738 in November 2021. This amounts to an unemployment rate of 1.7%. See Methodology section for further details. 

A vacancy is defined as a vacant position being actively recruited for by an employer, advertised with the IOM Jobcentre. An advertising period of ‘2 week policy’ for non-agency roles, and 3 months for agency roles, was operated but with the introduction of online vacancy forms, employers can (in normal circumstances) now stipulate their own closing date. This 2 week advertising period was reintroduced in early April, to enable monitoring of the status of adverts/vacancies by asking all employers to confirm in writing that they are still actively recruiting. This is important not only to get a more accurate picture of the impact of COVID-19 on Island sectors, but also for Jobseekers when searching for live vacancies. The only exception to our 2 week rule is for public sector vacancies. 

Notes        

Long term unemployed are those who have been registered unemployed for 12 months or longer.

A vacancy is defined as a vacant position being actively recruited for by an employer, advertised with the IOM Jobcentre. An advertising period of '2 week policy' for non-agency roles, and 3 months for agency roles, was operated but with the introduction of online vacancy forms, employers can (in normal circumstances) now stipulate their own closing date. This 2 week advertising period was reintroduced in early April, to enable monitoring of the status of adverts/vacancies by asking all employers to confirm in writing that they are still actively recruiting. This is important not only to get a more accurate picture of the impact of COVID-19 on Island sectors, but also for Jobseekers when searching for live vacancies. The only exception to our 2 week rule is for public sector vacancies.

Economic Affairs Division Job market statistics are published monthly by the Economic Affairs Division of the Isle of Man Cabinet Office.

For more information contact: