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20/03/2013
Unemployment 'Highest In 15 Years'
Latest figures have revealed Northern Ireland's unemployment rate is now at its highest level in 15 years.
The headline unemployment rate has increased 0.7% from the previous quarter, to bring NI's jobless rate to 8.5%, according to the Northern Ireland Statistics & Research Agency (NISRA).
However, the rate continues to remain lower than the unemployment rate in the Republic of Ireland, which currently stands at 14.7%. NI's unemployment rate is also lower than the European Union average of 10.7%.
In February 2013, the number of people claiming unemployment related benefits was recorded at 64,900, remaining unchanged from the previous month. The current claimant count rate of 7.1% is at its highest level since August 2008 as well as being the second highest rate of any UK region.
Over the past year, the NI claimant count has increased by 3,600 people, going against the UK trend which recorded a fall of 4.2%.
Speaking about the figures, Enterprise Minister Arlene Foster said: "These latest statistics provide further evidence that the Northern Ireland economy continues to be impacted by the global downturn.
"There have been extensive negotiations between the executive and the Treasury over the devolution of corporation tax powers which culminated in a report to the prime minister towards the end of 2012. We are now at a critical stage and the time has come for decisions to be taken.
"I believe that lower corporation tax would lead to new jobs through attracting new inward investment and encouraging locally owned companies to expand."
The last time Northern Ireland's unemployment rate was at this level was in the first quarter of 1998.
(JP)
The headline unemployment rate has increased 0.7% from the previous quarter, to bring NI's jobless rate to 8.5%, according to the Northern Ireland Statistics & Research Agency (NISRA).
However, the rate continues to remain lower than the unemployment rate in the Republic of Ireland, which currently stands at 14.7%. NI's unemployment rate is also lower than the European Union average of 10.7%.
In February 2013, the number of people claiming unemployment related benefits was recorded at 64,900, remaining unchanged from the previous month. The current claimant count rate of 7.1% is at its highest level since August 2008 as well as being the second highest rate of any UK region.
Over the past year, the NI claimant count has increased by 3,600 people, going against the UK trend which recorded a fall of 4.2%.
Speaking about the figures, Enterprise Minister Arlene Foster said: "These latest statistics provide further evidence that the Northern Ireland economy continues to be impacted by the global downturn.
"There have been extensive negotiations between the executive and the Treasury over the devolution of corporation tax powers which culminated in a report to the prime minister towards the end of 2012. We are now at a critical stage and the time has come for decisions to be taken.
"I believe that lower corporation tax would lead to new jobs through attracting new inward investment and encouraging locally owned companies to expand."
The last time Northern Ireland's unemployment rate was at this level was in the first quarter of 1998.
(JP)
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Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
