Covid-19 Coronavirus

Unemployment

Isle of Man Labour Market

Key Points as at the end of January 2024:

  • Unemployment has increased by 37 persons from the previous month (December 2023), and has increased by 25 persons compared with the same month last year (January 2023)

  • The unemployment rate for January 2024 is 0.7% which is an increase of 0.1% on the previous month (December 2023). The unemployment rate is the proportion of economically active population registered unemployed

  • 916 job vacancies remained at the Job centre in January 2024, which is an increase of 440 vacancies compared to the previous month (December 2023). Of these, 53% (485) were full time positions and 42% (431) were part time. Within the figures above there are 37 full time vacancies and 68 part time vacancies classed as seasonal

  • ILO Estimate: It is estimated that 767 individuals are unemployed and looking for work in January 2024 compared with 730 in December 2023. This amounts to an unemployment rate of 1.7%
Registered unemployedMalesFemalesTotalRate %
Current (January 2024) 211 111 322 0.7%
-1 month (December 2023) 185 100

285

0.6%
-1 year (January 2023) 185 112 297 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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