Unemployment

Isle of Man Labour Market

Key Points as at the end of October 2022:

• Unemployment has decreased by 17 persons from the previous month September (2022), and has decreased by 36 persons compared to the same month last year (October 2021). 
• The unemployment rate for October 2022 is 0.6%, which is a decrease of 0.1% on the previous month (September 2022). The unemployment rate is the proportion of economically active population registered unemployed. 
• 866 job vacancies remained at the Job centre in October 2022, which is a decrease of 44 vacancies compared to the previous month (September 2022). Of these, 50% (437) were full time positions and 50% (429) were part time. 
• ILO estimate: It is estimated that 735 individuals are unemployed and looking for work in October 2022 compared with 752 in September 2022. This amounts to an unemployment rate of 1.6%. 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.

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

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