Page last updated at 09:09 GMT, Monday, 16 February 2009

Unemployment is at 12-year high

Unemployment in the Isle of Man has hit a 12-year high, and now stands at 2.2% of the economically active population.

The number of people looking for work went up by 205, from 721 to 926 in January, said the island's Treasury Minister Allan Bell.

The increase was bigger than expected and Mr Bell cited job losses in retail, hospitality and construction as having a major impact.

Mr Bell said there could be further increases in the coming months.

The Manx unemployment rate of 2.2% compares with 6.3% in the United Kingdom, and 9.2% in Ireland, but was not "all doom and gloom", the minister added.

"We are still experiencing very near record levels of people in employment - we still have somewhere in the region of 45,000 people in work on the island.

"Equally this month, we have another 250 odd vacancies still to be filled, so it's not all doom and gloom."

"There is an increase, but it is only to 2.2% and there are other signs of good news around that."

Print Sponsor

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific