Isle Of Man / Ellan Vannin

Isle of Man rise in unemployment 'regrettable'

A recent rise in Isle of Man unemployment is "regrettable" but not surprising, the government has said.

At the end of January there were 1,100 people out of work on the Isle of Man, an increase of 0.3% from December.

The current unemployment rate is now 2.5%, compared with a figure of 8.4% in the United Kingdom.

Treasury Minister Eddie Teare said despite the recent downturn, the island's economy was still creating job opportunities for local residents.

He added: "Though regrettable, an increase in numbers on the register this month does not come as a total surprise.

"You have to go back many years for the last time unemployment fell in January."

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