Unemployment rate remains same for third consecutive month

185 men and 100 women out of work

Unemployment on the Isle of Man has remained stagnant for the past three months.

The proportion of economically active people who are registered as being out of work remains at 0.6 percent.

Figures for December 2023 show a reduction of seven people in comparison to the same period a year ago.

However, when comparing to the month prior, it's up by two.

Job Centre vacancies saw a reduction of 178 positions in comparison to November 2023.

Of these positions 59 percent were full-time and the remaining 41 percent were part-time roles.

Using the International Labour Organisation method, Statistics Isle of Man estimates 730 people are unemployed and looking for work which equates to a rate of 1.6 percent.

The ILO figure accounts for not only those who may be registered unemployed but also those who may be actively looking for work but who haven't registered themselves as out of a job.

Retail distribution, catering and entertainment and tourist accommodation are among the sectors with the highest number of people out of work.

Sectors with the highest job vacancies are medical and health services, catering and entertainment and retail distribution.

One hundred and eighty-five men are unemployed compared with 100 women.

Long-term unemployment is defined as anyone who has been out of work for a year or longer, as of December, there are 27 people who fall into this category.

Geographically, the east is home to the most unemployed people at 202.

The north, south and west sit at 32, 37 and 14 respectively.

You can find out more HERE.