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16/02/2005
NI unemployment figures lowest on record
Northern Ireland’s unemployment rate has fallen to the lowest level on record according to the latest figures released today.
The latest labour market figures show the seasonally adjusted unemployment rate of 4.5% for the period October – December 2004 has fallen from 5.1% in the previous quarter and from 6.3% for the same period last year. It is now below the UK average.
It is also estimated that there were 744,000 people in employment in the period October – December 2004, an increase of 3.3% from the previous quarter.
Commenting on the figures, Enterprise, Trade and Investment Minister, Barry Gardiner MP, said: “Increasing employment levels is a key element in the strategy to build a successful economy and raise the standard of living.
“The figures released today show that the Northern Ireland economy is getting stronger, however, there is still much potential for further improvement. If we can continue to create jobs and increase business competitiveness we will have a winning formula.”
As it stands, the Northern Ireland unemployment rate (4.5%) is lower than six other UK regions and is below the UK average of 4.7%.
(MB/SP)
The latest labour market figures show the seasonally adjusted unemployment rate of 4.5% for the period October – December 2004 has fallen from 5.1% in the previous quarter and from 6.3% for the same period last year. It is now below the UK average.
It is also estimated that there were 744,000 people in employment in the period October – December 2004, an increase of 3.3% from the previous quarter.
Commenting on the figures, Enterprise, Trade and Investment Minister, Barry Gardiner MP, said: “Increasing employment levels is a key element in the strategy to build a successful economy and raise the standard of living.
“The figures released today show that the Northern Ireland economy is getting stronger, however, there is still much potential for further improvement. If we can continue to create jobs and increase business competitiveness we will have a winning formula.”
As it stands, the Northern Ireland unemployment rate (4.5%) is lower than six other UK regions and is below the UK average of 4.7%.
(MB/SP)
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Northern Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
