Economic Overview

The most up-to-date official statistics on the economy and labour market updated 16th October 2018

Claimant Count Annual Average Maps 

Next Northern Ireland Labour Market Report: 13th November 2018

Latest Labour Market Report

At a glance
Labour Force Survey

  • The unemployment rate (16+) for the period Jun-Aug 2018 was estimated at 4.3%
  • The number of persons in employment (16+) in the period Jun-Aug 2018 was estimated at 843,000
  • The seasonally adjusted economic inactivity rate (16-64) for Jun-Aug 2018 was estimated at 27.5%
     

Further information on the Labour Force Survey

Claimant Count (experimental)

  • The seasonally adjusted claimant count decreased by 100 from last month's revised total. It now stands at 28,100 (3.1% of the workforce) in September 2018

Further information on Claimant Count

Quarterly Employment Survey

  • Seasonally adjusted estimates from the Quarterly Employment Survey show that there were 765,100 employee jobs in June 2018.

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 1.2% in real terms from Quarter 1 (January – March) 2018 to Quarter 2 (April – June) 2018.

 

Further information on the Northern Ireland Composite Economic Index

Index of Services

  • Services output in Northern Ireland (NI), in real terms, increased over the quarter by 1.3% and over the year by 3.4%.
     

 

Further information on the Index of Services

Index of Production

  • The NI IOP has increased over the quarter for the third consecutive quarter (0.9%).
     

Further information on the Index of Production

Index of Construction

  • The total volume of construction output in the second quarter of 2018 increased by 6.2% compared with Q1 2018 and was 2.5% lower compared to the same quarter in 2017

 

Further information on the Index of Construction

Annual Survey of Hours and Earnings

  • Median gross weekly earnings for full-time employees in April 2018 were £521, an increase of 4.2% from £500 in 2017. This is the largest increase recorded since 2015 (5.4%)

Further information on the Annual Survey of Hours and Earnings

Redundancies

  • During September 2018 the Department was notified of 84 confirmed redundancies in Northern Ireland

 

Further information on Redundancies