Jobless rate lowest since 2008

The JobCentre in Douglas

The JobCentre in Douglas

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Unemployment in the island has fallen to its lowest level since 2008.

There were 663 people registered as jobless at the end of May - down 48 from the previous month and a decrease of 105 from the same time last year.

This is the lowest recorded number of unemployed since October 2008.

The unemployment rate – the proportion of the economically active population registered as without work - is 1.5 per cent. This is a drop of 0.1 per cent from the previous month.

Chief Minister Allan Bell said he is keen to highlight the island’s low unemployment rate and high level of job opportunities to TT visitors who may be thinking of moving here.

Some 954 vacancies were notified to the Job Centre during the month. A total of 211 people left the register.

At the end of May, 546 positions were still vacant at the Job Centre. Of these 79 per cent were full-time (434) and 21 per cent part-time (112).

Of those without work, 68 per cent are men and 32 per cent are women.

Some 21 per cent of men and 21 per cent of women on the unemployment register have been unemployed for 12 months or longer.

Of the long term unemployed, 27 per cent are aged 55 and over, whilst 22 per cent are aged 25 to 34 and 20 per cent are under 24.

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