Economic Report Highlights Growth In Population

The latest Quarterly Economic Report to the Council of Ministers compiled by the Isle of Man Government’s Economic Affairs Division is released today.

 

Covering the period October 1 to December 31, the document highlights a growth in the Island’s population of 300 compared to the corresponding period in 2016. Of that number, 130 are aged below 65.

 

Employment remains strong, with 600 more people in work than the previous year and 244 fewer people registered as unemployed. Inflation has put pressure on the value of earnings and income recently.

 

Minister for Policy and Reform Chris Thomas MHK said: ‘We always need the robust and reliable official statistics which this quarterly update provides, especially at times like this.

 

‘Not only do they provide the basis for sound public policy but also give confidence to those outside Government that challenges are being acknowledged and tackled.’

 

A full copy of the quarterly economic report to the Council of Ministers can be viewed by visiting gov.im