16/07/2019

NI Employment Rate Hits Record High

The number of people in work in Northern Ireland has reached a record high, new statistics have revealed.

The Department for the Economy's recent Labour Market figures showed the employment rate is currently sitting at 71.1%, following a rise of 1.7 percentage points over the last year.

Meanwhile, the rate of economic inactivity decreased by 0.6% over the March-May quarter to 25.9%, also hitting one of the lowest on record.
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The number of confirmed redundancies (1,812) in the past 12 months is more than 1,000 fewer than the number reported in the previous period (2,848). The Northern Ireland Statistics and Research Agency, acting on behalf of the Department for the Economy, received confirmation that 101 redundancies took place in June 2019.

Despite the rise in people in work, the Labour Force Survey indicates a rise in the unemployment rate by a slight 0.1% over the quarter, but an overall decrease in the last year to 3.1%. The NI unemployment rate was below the joint record low UK rate (3.8%), the Republic of Ireland rate (4.6%) and the EU rate (6.4%).



(JG/CM)

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