Unemployment rate for May stood at 0.5%

Friday, 23 June 2023 08:34

The Island's unemployment rate for May 2023 stood at 0.5% - a decrease of 0.1% on the previous month.

That's according to the Labour Market Report, which shows unemployment has decreased by 16 people since April and by 18 people compared to the same month last year.

There were 830 job vacancies available at the Job Centre in May, which is a decrease of 22 vacancies from the month before.

Medical and Health Services currently have the highest number of jobs available, followed by Catering and Entertainment.

More from Isle of Man Business

FSA releases new progress report on financial crime defences

The Isle of Man Financial Services Authority says progress has been made in strengthening the Island's defences against financial crime.
Changes planned for how government-run companies prepare accounts

Government-run companies could prepare their accounts for calendar years rather than financial years in future.
New business guide deals with stopping WMD financing

There's new guidance for Island companies to help them spot customers trying to finance weapons of mass destruction.
Office space up for rent at Ronaldsway Airport

Could your company take off at Ronaldsway Airport?
Have your say on the future of the Island's economy

The Isle of Man chamber of Commerce has launched an online survey about the future of the Island's economy.
Port St Mary hosts first business support drop-in session today

A series of business drop-in sessions will get underway in the south of the Island today.
Government releases guidance for businesses ahead of vape tax

The government's launched a new webpage with guidance for businesses as it introduces a new tax on vape products from October.
Survey shows low approval rating for Island clothing shops

Island women rate the offering from local clothing shops at just 3.5 out of 10, according to a new survey.

Unemployment rate for May stood at 0.5%

More from Isle of Man Business

Comments