19/02/2014

Unemployment Numbers Fall

The number of people claiming unemployment related benefits in Northern Ireland fell 600 to 58,700 in January of this year, marking the twelfth consecutive drop in this measure of unemployment.

However, the Northern Ireland unemployment rate was estimated at 7.4% for the period October - December 2013, indicating a 0.1% rise from the rate recorded in the previous quarter (7.3%) but down 0.4 percentage points from the rate recorded one year ago (7.8%).

The figures have been published today by the Northern Ireland Statistics & Research Agency (NISRA).

The Northern Ireland claimant count rate stood at 6.5% in January 2014, making it the highest among the twelve UK regions. The UK rate was 3.6%.

This is now the 46th consecutive month that NI has had the highest or second highest UK regional unemployment rate, on this measure.

The latest monthly decrease in Northern Ireland claimants (1.0%) was lower than the UK decrease (2.2%).

Over the year, the Northern Ireland claimant count has decreased by 9.6% (6,200), compared to a decrease of 21.2% in the UK.

Enterprise Minister Arlene Foster said: "While there are positive signals of growth in the local economy, we cannot take any of this for granted. Going forward, we must focus on raising companies’ productivity through investing in innovation, R&D and skills and encouraging local firms to enter new markets.

"A significant amount of future global growth will come from emerging markets and that is why I continue to encourage local companies to explore and exploit opportunities overseas."

(IT)

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