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08/11/2011
Key Trends In NI Economy Revealed
The state of the NI economy has been in focus this week with the Stormont Enterprise Minister Arlene Foster launching the latest edition of her Department's 'DETI Economic Commentary', which assesses key economic trends in Northern Ireland.
The Minister (pictured) commented: "These are challenging times for many economies around the world, with heightened economic uncertainty and reduced growth as a result of commodity price shocks and ongoing troubles in the Eurozone. The local economy is not immune from the effects of the global events and economic conditions.
"In response to the downturn, Invest Northern Ireland has recently launched its Boosting Business initiative. This package of new and revamped measures is aimed at boosting support to existing clients, and the broader business base, in these challenging times," she added.
This edition of the commentary highlights the key sectors in the Northern Ireland economy, and outlines their contribution to output, jobs and exports. The commentary also examines the key concerns of long term unemployment and unemployment amongst our young people, which have heightened as a result of the economic downturn.
"Unemployment is a loss, not just of personal potential for the individual, but to the economy also," continued the DUP Minister.
"Research shows that the longer someone is unemployed, the more difficult it is for them to then find employment. Therefore it is essential that all we do as much as possible to provide employment opportunities, particularly for the long term unemployed and our talented young people."
The Minister continued: "As part of the Boosting Business initiative, the Jobs Fund has a budget of £19million to help businesses create job opportunities. This is already bearing fruit with a number of early jobs announcements that will provide welcome opportunities for employment.
"The new Economic Strategy for Northern Ireland will also be launched soon for consultation, and it will focus on ways to rebuild the local economy in the short term and take the necessary steps to rebalance the economy towards the private sector over the longer term."
(BMcC)
The Minister (pictured) commented: "These are challenging times for many economies around the world, with heightened economic uncertainty and reduced growth as a result of commodity price shocks and ongoing troubles in the Eurozone. The local economy is not immune from the effects of the global events and economic conditions.
"In response to the downturn, Invest Northern Ireland has recently launched its Boosting Business initiative. This package of new and revamped measures is aimed at boosting support to existing clients, and the broader business base, in these challenging times," she added.
This edition of the commentary highlights the key sectors in the Northern Ireland economy, and outlines their contribution to output, jobs and exports. The commentary also examines the key concerns of long term unemployment and unemployment amongst our young people, which have heightened as a result of the economic downturn.
"Unemployment is a loss, not just of personal potential for the individual, but to the economy also," continued the DUP Minister.
"Research shows that the longer someone is unemployed, the more difficult it is for them to then find employment. Therefore it is essential that all we do as much as possible to provide employment opportunities, particularly for the long term unemployed and our talented young people."
The Minister continued: "As part of the Boosting Business initiative, the Jobs Fund has a budget of £19million to help businesses create job opportunities. This is already bearing fruit with a number of early jobs announcements that will provide welcome opportunities for employment.
"The new Economic Strategy for Northern Ireland will also be launched soon for consultation, and it will focus on ways to rebuild the local economy in the short term and take the necessary steps to rebalance the economy towards the private sector over the longer term."
(BMcC)
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20 January 2016
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The number of people claiming unemployment benefits in Northern Ireland has dropped to 38,700, a decrease of 500 over the month. New figures released for the period September to November 2015 show that the Northern Ireland Labour Force Survey unemployment rate was 5.9%, a drop of 0.1% over the quarter.
Drop In Number Of People Claiming Unemployment Benefits
The number of people claiming unemployment benefits in Northern Ireland has dropped to 38,700, a decrease of 500 over the month. New figures released for the period September to November 2015 show that the Northern Ireland Labour Force Survey unemployment rate was 5.9%, a drop of 0.1% over the quarter.
12 March 2002
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19 October 2016
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The number of people unemployed in Northern Ireland has dropped by 5.5% from June to August 2016. According to the Labour Force Survey, the number has decreased by 0.4% over the quarter and 0.5% over the year. Economy Minister Simon Hamilton said the unemployment rate is at the lowest it has been since September.
17 July 2002
NI unemployment continues to fall
Northern Ireland's unemployment figures continue to fall, according to figures released today which show a rate of 5.4% for the period March – May 2002. The statistics show that there are now 42,000 persons unemployed, according to the International Labour Organisation (ILO) definition.
NI unemployment continues to fall
Northern Ireland's unemployment figures continue to fall, according to figures released today which show a rate of 5.4% for the period March – May 2002. The statistics show that there are now 42,000 persons unemployed, according to the International Labour Organisation (ILO) definition.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
