Isle of Man Labour Market Report

November 2016

Economic Affairs

Cabinet Office

December 2016

REGISTERED UNEMPLOYED

MOVEMENTS ONTO/ OFF REGISTER

UN­EMPLOYMENT

RATE

VACANCIES

•

KEY POINTS AS AT THE END OF NOVEMBER

2016

573

+21

1.3%

690

DECREASE IN NUMBER OF REGISTERED UNEMPLOYED

The number of registered unemployed decreased by 213 persons compared with November 2015.

MORE MOVEMENTS ONTO THAN OF UNEMPLOYMENT REGISTER

206 persons signed onto and 185 persons left the register over the month. The net movement was a increase of 21 persons on the register between October and November 2016.

UNEMPLOYMENT % RATE

The unemployment rate for November 2016 is 1.3%, this is a increase of 0.1 % from October 2016. The unemployment rate is the proportion of economically active population registered unemployed.

DECREASE IN VACANCIES NOTIFIED TO THE JOB CENTRE

During the month 690 job vacancies were notified to the Job Centre. At the end of the month, 406 remained. 72% (291) were full time positions and 28% (115) were part time .

390 Unemployed Males

183 Unemployed Females

32%

The registered unemployed figure for

this month is the lowest November figure

since 2007

68%

SECTORS WITH HIGHEST NUMBERS OF UNEMPLOYED PERSONS - NOVEMBER

�

CXXJ

Construction 66

Retail Distribution 32

� aaaa

Other Business Services

37

Other Catering and Entertainment

35

Miscellaneous Services

39

SECTORS WITH HIGHEST NUMBERS OF JOB VACANCIES REMAINING - NOVEMBER

2016

Other Catering and Entertainment

77 1'051 �

E-Gaming41

r '

0 Medical and Health

Services 75

Wholesale Distribution

35

Retail Distribution 28

2

Registered Unemployment November 2016: Detailed Breakdown

Current Month

Last Month

Net Change

over Month

Last Year

Net Change

over Year Nov-16 Oct-16 Nov-15

Total Unemployment :- 573 552 21 786 -213

Males 390 368 22 538 -148

Females 183 184 -1 248 -65

Included amongst the Unemployed are:-

Persons Requiring Work Permits 3 3 0 6 -3

Persons aged under 18 18 18 0 45 -27

Claimants signing for credits only 31 31 0 49 -18

Not included in the Unemployed are:-

Persons aged under 18 registered with DED but not claiming any benefit 42 43 -1 55 -13

New Claimants 206

Males 149

Females 57

Claimants leaving the register 185

Males 127

Females 58

3

Historic Isle of Man Registered Unemployment

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

1996 1,460 1,432 1,316 1,266 1,105 1,140 1,260 1,211 1,097 970 922 992

1997 976 924 855 738 679 670 704 657 619 567 555 610

1998 606 553 536 470 382 386 410 430 370 377 373 380

1999 406 390 330 271 249 223 268 234 235 231 228 258

2000 269 267 242 187 167 192 211 204 203 198 211 206

2001 255 229 192 173 154 157 178 182 149 165 187 211

2002 244 266 224 198 183 184 202 195 189 195 219 235

2003 263 284 293 249 236 273 332 369 301 329 334 327

2004 386 416 376 363 364 315 351 390 378 423 452 487

2005 543 552 542 561 556 517 582 569 577 563 589 591

2006 622 646 615 563 545 544 602 600 571 604 568 577

2007 586 616 552 624 569 594 614 633 593 611 562 571

2008 627 596 532 543 550 519 591 595 605 667 641 721

2009 926 980 947 925 915 922 967 981 901 888 885 878

2010 1,029 970 924 867 792 794 822 771 748 753 735 795

2011 856 867 891 843 806 846 890 830 890 910 971 979

2012 1,100 1,043 1,031 1,037 956 992 1,017 992 1,014 1,065 1,014 1,020

2013 1,176 1,181 1,208 1,108 1,072 1,056 1,055 1,028 1,022 1,064 1,117 1,159

2014 1,182 1,146 1,061 986 890 918 934 904 859 866 864 882

2015 973 930 865 834 768 768 790 776 765 774 786 861

2016 873 828 794 711 663 636 620 596 592 552 573

Source: Social Security, Treasury

4

Number of Registered Unemployed – November 2013 to November 2016

Source: Social Security, Treasury

Number of Vacancies Received During the Month – November 2013 to November 2016

Note: 12 month moving average

Source: Job Centre, Department of Economic Development

550

650

750

850

950

1050

1150

1250No of Registered Unemployed

12 month moving average

300

350

400

450

500

550

600

650

700

750

800

5

Unemployment and Vacancies by Industrial Sector

Industrial Sector

Unemployed Persons Vacancies Remaining Nov 2016 Nov 2016 Oct 2016 Nov 2015

Agriculture, Forestry & Fishing 7 10 23 5

Manufacturing 14 15 26 11

Construction 66 53 103 4

Utilities 4 4 4 7

Transport & Communication 15 9 12 12

Wholesale Distribution 7 7 4 35

Retail Distribution 32 35 59 28

Insurance 6 5 3 4

Banking 10 6 18 9

Other Financial Institutions 12 16 21 9

Property Owning & Managing 0 0 0 0

Other Business Services 37 33 62 12

Information Communication Technology 2 3 7 5

Legal and Accountancy Services 1 1 0 3

Education / Teaching 15 15 10 21

Medical & Health Services 14 10 15 75

Tourist Accommodation 18 10 31 13

Other Professional or Technical Services 2 3 1 14

Other Catering & Entertainment 35 40 33 77

E-Gaming 0 0 3 41

Miscellaneous Services 39 38 19 17

Public Administration 13 8 15 4

Leaving From Or Arriving On Island 17 18 15 0

Other Benefits, Training Centre, Prison 150 155 214 0

School Leavers, Students etc. 35 36 62 0

Not identified 22 22 26 0

Total 573 552 786 406

Note: Vacancies relate to those open at the end of the month. Sources: Job Centre, Department of Economic Development and Social Security, Treasury

6

Unemployment by Duration and Age of Claimant

Under 20 20 - 29 30 - 39 40 - 49 50 - 59 60 and

Over

Total

Less than 1 month 24 49 28 23 26 11 161 Over 1 and up to 3 months 20 40 23 26 24 6 139 Over 3 and up to 6 months 5 18 14 16 18 13 84 Over 6 and up to 1 year 7 9 10 11 12 9 58 Over 1 year and up to 2 years 7 10 11 22 17 7 74 Over 2 years and up to 4

years * 10 * * 7 10 31 Over 4 years * 5 * 5 10 * 26Total 63 141 91 105 114 59 573

Note: The symbol * has been used to represent figures of less than 5

Long Term Unemployed by Duration

Source: Social Security, Treasury

28%

24% 15%

10%

13%

5% 5%

Less than 1 month

Over 1 and up to 3 months

Over 3 and up to 6 months

Over 6 and up to 1 year

Over 1 year and up to 2 years

Over 2 years and up to 4

years

Over 4 years