Covid-19 Coronavirus

Unemployment

Isle of Man Labour Market

Key Points as at the end of February 2024:

  • Unemployment has decreased by 16 persons from the previous month (January 2024), and has decreased by 7 persons compared with the same month last year (February 2023)

  • The unemployment rate for February 2024 is 0.7%, remaining the same as the previous month (January 2024). The unemployment rate is the proportion of economically active population registered unemployed

  • 789 job vacancies remained at the Job centre in February 2024, which is a decrease of 127 vacancies compared to the previous month (January 2024). Of these, 56% (439) were full time positions and 44% (350) were part time

  •  ILO Estimate: It is estimated that 751 individuals are unemployed and looking for work in February 2024 compared with 767 in January 2024. This amounts to an unemployment rate of 1.7%

Registered unemployedMalesFemalesTotalRate %
Current (February 2024) 201 105 306 0.7%
-1 month (January 2024) 211 111 322 0.7%
-1 year (February 2023) 194 119 313 0.7%

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 2022, 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.

Statistics Isle of Man Job market statistics are published monthly by Statistics Isle of Man which is part of the Cabinet Office.

For more information contact:

Statistics Isle of Man

Cabinet Office

Government Offices

Bucks Road

Douglas

IM1 3PN.

Telephone:+44 1624 685758

Email:Send Email

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