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
|Registered Unemployed||Males||Females||Total||Rate %|
|Current (August 2020)||599||401||1,000||2.3%|
|-1 month (July 2020)||656||444||1,100||2.6%|
|-1 year (August 2019)||228||109||337||0.8%|
- 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.
For more information contact:
+44 1624 685752