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16/05/2007
Employment levels in NI reach a new high
Employment in Northern Ireland has risen to a record high and the unemployment rate remains below the UK average, according to new figures.
Seasonally adjusted figures for the period January to March 20074 estimate there were 776,000 people in employment in Northern Ireland – the highest figure on record.
The new figures represent an estimated increase of 1.2% in employment levels over the quarter and an increase of 2.2% over the year.
The seasonally adjusted unemployed rate in Northern Ireland was 4.2% for the period January to March 2007. This rate is unchanged from the previous quarter, but has fallen slightly from the rate of 4.4% recorded for the same period last year.
During last month, the number of people claiming unemployment related benefits decreased by 300. The latest seasonally adjusted claimant count figure stands at 25,400, down 2,900 over the year.
Commenting on the figures, Economy Minister Nigel Dodds said: “These figures are very encouraging and highlight the recent strong performance of the Northern Ireland labour market. Employment levels are at a record high and the unemployment rate is the second lowest among UK regions.
“However, there is still much potential for the Northern Ireland labour market to grow. I look forward to working closely with all the relevant stakeholders to strengthen the conditions needed for continued economic growth.
“This week is ‘Innovation Week’ in Northern Ireland and it is worth reiterating that innovation is a key driver of economic performance. It is therefore important for all businesses here, regardless of size or sector, to recognise this and embrace innovation to increase their competitiveness in an increasingly challenging global marketplace.”
He concluded: “In short, I firmly believe that innovation means better products and services, more efficient processes and potentially increased sales and exports. In addition, it can lead to a better skilled workforce and higher paid jobs.”
(JM/SP)
Seasonally adjusted figures for the period January to March 20074 estimate there were 776,000 people in employment in Northern Ireland – the highest figure on record.
The new figures represent an estimated increase of 1.2% in employment levels over the quarter and an increase of 2.2% over the year.
The seasonally adjusted unemployed rate in Northern Ireland was 4.2% for the period January to March 2007. This rate is unchanged from the previous quarter, but has fallen slightly from the rate of 4.4% recorded for the same period last year.
During last month, the number of people claiming unemployment related benefits decreased by 300. The latest seasonally adjusted claimant count figure stands at 25,400, down 2,900 over the year.
Commenting on the figures, Economy Minister Nigel Dodds said: “These figures are very encouraging and highlight the recent strong performance of the Northern Ireland labour market. Employment levels are at a record high and the unemployment rate is the second lowest among UK regions.
“However, there is still much potential for the Northern Ireland labour market to grow. I look forward to working closely with all the relevant stakeholders to strengthen the conditions needed for continued economic growth.
“This week is ‘Innovation Week’ in Northern Ireland and it is worth reiterating that innovation is a key driver of economic performance. It is therefore important for all businesses here, regardless of size or sector, to recognise this and embrace innovation to increase their competitiveness in an increasingly challenging global marketplace.”
He concluded: “In short, I firmly believe that innovation means better products and services, more efficient processes and potentially increased sales and exports. In addition, it can lead to a better skilled workforce and higher paid jobs.”
(JM/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.
