Economic Overview

The most up-to-date official statistics on the economy and labour market updated 19th May 2020

Publication Schedule

Economic Overview - Dashboard

Economic Overview - Dashboard (online - opens in a new tab)

A PDF version of the dashboard and the associated data are available at this link.

Economy & Labour Market - A summary of key statistics

This slide pack provides a high-level statistical summary of the Northern Ireland economy and labour market and should be considered in conjunction with the detailed supporting information and commentary that can be accessed via the various links and associated sources that have been highlighted.  NI Economy & Labour Market - A summary of key statistics.

Latest Labour Market Report

Next Northern Ireland Labour Market Report: 16th June 2020

At a glance
Labour Force Survey

  • The unemployment rate (16+) for the period Jan-Mar 2020 was estimated at 2.4%
  • The number of persons in employment (16+) in the period Jan-Mar 2020 was estimated at 877,000
  • The seasonally adjusted economic inactivity rate (16-64) for Jan-Mar 2020 was estimated at 25.8%

Further information on the Labour Force Survey

Claimant Count (experimental)

  • NI claimant count (experimental) increased over the month by 26,500 (89%)
  • In April 2020, the NI claimant count (experimental) was 56,200, 6.1% of the workforce

Further information on Claimant Count

Quarterly Employment Survey

  • The number of (seasonally adjusted) employee jobs in December 2019 was estimated at a record high of 784,140

Further information on the Quarterly Employment Survey

NI Composite Economic Index

  • The NICEI results indicate that NI economic activity increased by 0.2% in real terms over the quarter and by 0.6% over the year to Quarter 4 2019.

Further information on the Northern Ireland Composite Economic Index

Index of Services

  • Services output in NI saw no change (0.0%) in Quarter 4 but decreased by 0.2% over the year. 

Further information on the Index of Services

Index of Production

  • The NI IOP increased by 0.6% over the quarter (October - December) and by 1.7% over the year.

Further information on the Index of Production

Northern Ireland Broad Economy Sales and Exports Statistics (BESES)

  • Total sales by companies in Northern Ireland were estimated to be worth £68.4 billion in 2018.

Further information on the BESES

Index of Construction

  • The total volume of construction output in the fourth quarter of 2019 decreased by 1.2% compared with Q3 2019 and was 1.3% lower than the same quarter in 2018. 

Further information on the Index of Construction

Annual Survey of Hours and Earnings

  • Weekly earnings increased over the year to April 2019 in nominal (3.3%) and real terms (1.2%) to £535.

Further information on the Annual Survey of Hours and Earnings

Redundancies

  • 117 confirmed redundancies in April 2020
  • 783 redundancies were proposed in April 2020
  • 124  proposed redundancies in the current month up to 18th May 2020

Further information on Redundancies