Covid-19 Coronavirus

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.

Registered UnemployedMalesFemalesTotalRate %
Current (October 2022) 182 108 290 0.6%
-1 month (September 2022) 198 109 307 0.7%
-1 year (October 2021) 214 112 326 0.8%

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.

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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