Isle Of Man / Ellan Vannin

The rate of unemployment falls in the Isle of Man

The rate of unemployment in the Isle of Man has fallen below 1,000 for the first time in 2012, according to government figures.

The number of people out of work fell by 81 to 956 during May, representing an unemployment rate of 2.1%.

But Treasury minister Eddie Teare warned that the international economic environment remained "very difficult".

He added: "We have to expect a continuation of the bumpy ride we've been experiencing in recent years."

The latest fall in unemployment is thought to reflect increased seasonal activity within the catering and hospitality industry on the island.

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