Economic Overview

The most up-to-date official statistics on the economy and labour market updated 15th May 2018

Claimant Count Annual Average Maps 

Next Northern Ireland Labour Market Report: 12th June 2018

Latest Labour Market Report

At a glance
Labour Force Survey

  • The unemployment rate (16+) for the period January - March 2018 was estimated at 3.1%
  • The number of persons in employment (16+) in the period January - March 2018 was estimated at 848,000
  • The seasonally adjusted economic inactivity rate (16-64) for January - March  2018 was estimated at 28.0%

Further information on the Labour Force Survey

Claimant Count

Claimant Count (experimental)

  • The seasonally adjusted claimant count increased  by 200 from last month's revised total. It now stands at 29,000 (3.2% of the workforce) in April 2018

Further information on Claimant Count

Quarterly Employment Survey

  • Seasonally adjusted estimates from the Quarterly Employment Survey show that there were 756,030 employee jobs in December 2017.
     

 

Further information on the Quarterly Employment Survey

Composite Economic Index

  • The Northern Ireland Composite Economic Index (NICEI) results show that NI economic activity was estimated to have increased by 0.4% in real terms between Quarter 3 2017 and Quarter 4 2017.

 

Further information on the Northern Ireland Composite Economic Index

Index of Services

  • Provisional results from the seasonally adjusted Index of Services for the fourth quarter (October - December) of 2017 show that output in Northern Ireland (NI), in real terms, increased over the quarter by 0.2% and over the year by 1.2%

Further information on the Index of Services

Index of Production

  • Provisional results from the Index of Production (IOP) for the fourth quarter (October-December) of 2017 showed that output in Northern Ireland (NI) grew by 0.9% over the quarter but fell 5.9% over the year (from a series high)

Further information on the Index of Production

Index of Construction

  • The total volume of construction output in the fourth quarter of 2017 increased by 1.8% compared with Q3 2017 and was 3.6% higher compared to the same quarter in 2016

Further information on the Index of Construction

Annual Survey of Hours and Earnings

  • Median gross weekly earnings for full-time employees in April 2017 were £501, an increase of 1.5% from £494 in 2016. This is the first time median gross weekly earnings for full-time employees have exceeded £500

Further information on the Annual Survey of Hours and Earnings

Redundancies

  • During April 2018 the Department was notified of 308 confirmed redundancies in Northern Ireland

Further information on Redundancies