More out of work in the Isle of Man

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THERE has been a rise in the number of people out of work in the island.

July’s official figures show a total of 1,017, or 2.3 per cent of the working population.

During the month 255 signed on while 230 signed off. There was therefore a net rise of 25.

A total of 460 vacancies were notified to the Job Centre and at the end of the month 196 positions remained vacant and held on file.

A spokesman for the economic affairs division of the Treasury said: ‘The numbers signing on to the register were inflated by students returning to the island after term end but also by increases in the number of individuals having left or lost jobs in retailing or catering.’

Of those out of work, 695 are men and 322 are women.

In July 2011, there were 890 people unemployed or 2.1 per cent.

In comparison, in August 2008, a month before the world banking crisis, was 595, or 1.4 per cent of the economically active population.

In June this year, the UK’s unemployment rate stood at 8.1 per cent.

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