12/11/2019

NI Unemployment Hits Record Low

Northern Ireland's unemployment rate has hit a record low of just 2.5%.

Figures for the three months between July and September also demonstrated that the amount of people in employment was at 72.3%, its highest on record.

The Northern Ireland Statistics and Research Agency published the findings in their most recent Labour Force Survey (LFS).
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The latest employment rate recorded for the whole of the UK was 76%, with Northern Ireland still having the second lowest employment rate among the 12 UK regions.

There were 84 proposed redundancies and 82 confirmed redundancies notified to the Department in October 2019. The number of confirmed redundancies (3,096) in the most recent 12 months was higher than the previous 12 months (2,742).

Median gross weekly earnings for full-time employees in Northern Ireland stand at around £535, £50 lower than the UK median and an increase of £16.80 over the year.



(JG/CM)

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