Unemployment

Isle of Man Labour Market

Key Points as at the end of August 2020: 

• The number of registered unemployed increased by 663 compared with August 2019.

• The unemployment rate for August 2020 is 2.3%, which is a decrease of 0.3% from the previous month July 2020. The unemployment rate is the proportion of economically active population registered unemployed.

• During the month, 655 job vacancies were notified to the Job Centre. At the end of the month, 434 remained. Of these, 60% (262) were full time positions and 40% (172) were part time.

• ILO estimate: It is estimated that 1,895 individuals are unemployed and looking for work in August 2020, compared with 2,145 in July 2020. This amounts to an unemployment rate of 4.4%. See Methodology section for further details

Notes        

• Registered unemployment is measured as a claimant count; those persons registered for Job Seekers allowance. There is no legal requirement to register to receive Job Seekers Allowance.
• Additional statistics may be available on request; please contact Economic Affairs should you have any queries.
• 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.

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