Unemployment

Isle of Man Labour Market

February 2018

Key Points as at the end of February 2018:

• The number of registered unemployed decreased by 201 compared with February 2017
• 129 persons signed onto and 117 persons left the register over the month. The net movement was an increase of 12 persons on the register between January 2018 and February 2018
• The unemployment rate for February is 0.9%, this is an increase of 0.1% from the previous month January 2018. The unemployment rate is the proportion of economically active population registered unemployed
• During the month 807 job vacancies were notified to the Job Centre. At the end of the month, 640 remained. 66% (425) were full time positions and 34% (215) were part time
• It is estimated that 818 individuals and looking for work in February 2018, compared with 806 in January 2018. This amounts to an unemployment rate of 1.9%. See Methodology section for further details
• The registered unemployed figure for this month is the lowest February figure since 2003

Notes:

• 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

Economic Affairs Division Job market statistics are published monthly by the Economic Affairs Division of the Isle of Man Cabinet Office.

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