15/02/2017

Unemployment Continues To Fall

Unemployment in Northern Ireland continues to fall, but at a slower rate, according to the latest figures from the Northern Ireland Statistics & Research Agency.

The latest Labour Market Statistics show a 0.3% fall in the seasonally adjusted unemployment rate for the period October – December 2016 compared to the previous quarter, and 0.5% over the year.

The figures show that the unemployment rate in Northern Ireland, 5.3%, is above the UK average of 4.8%, but below the European Union rate of 8.3% for October 2016 and Republic of Ireland rate, 7.2%, for December 2016.

In the same quarter, there was a 0.1% increase in the employment rate.

The more recent seasonally adjusted number of people claiming unemployment related benefits stood at 31,600 – 3.5% of the workforce – in January 2017, representing a decrease of 1,000 from the previous month's revised figure. The number of people leaving the register in the last 12-month period has also slowed, from 10,000 to January 2016 to 6,500 in the recent year to January 2017.

In a statement, the authors said: "The post-referendum picture is still emerging and will continue to do so over the coming quarters and years. It is also not possible to separate out the specific impact of the referendum in this quarter from pre-existing trends. However, the latest figures show there has been little change in unemployment rates since the EU referendum."

(MH/JP)

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