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08/11/2011
Key Trends In NI Economy Revealed
The state of the NI economy has been in focus this week with the Stormont Enterprise Minister Arlene Foster launching the latest edition of her Department's 'DETI Economic Commentary', which assesses key economic trends in Northern Ireland.
The Minister (pictured) commented: "These are challenging times for many economies around the world, with heightened economic uncertainty and reduced growth as a result of commodity price shocks and ongoing troubles in the Eurozone. The local economy is not immune from the effects of the global events and economic conditions.
"In response to the downturn, Invest Northern Ireland has recently launched its Boosting Business initiative. This package of new and revamped measures is aimed at boosting support to existing clients, and the broader business base, in these challenging times," she added.
This edition of the commentary highlights the key sectors in the Northern Ireland economy, and outlines their contribution to output, jobs and exports. The commentary also examines the key concerns of long term unemployment and unemployment amongst our young people, which have heightened as a result of the economic downturn.
"Unemployment is a loss, not just of personal potential for the individual, but to the economy also," continued the DUP Minister.
"Research shows that the longer someone is unemployed, the more difficult it is for them to then find employment. Therefore it is essential that all we do as much as possible to provide employment opportunities, particularly for the long term unemployed and our talented young people."
The Minister continued: "As part of the Boosting Business initiative, the Jobs Fund has a budget of £19million to help businesses create job opportunities. This is already bearing fruit with a number of early jobs announcements that will provide welcome opportunities for employment.
"The new Economic Strategy for Northern Ireland will also be launched soon for consultation, and it will focus on ways to rebuild the local economy in the short term and take the necessary steps to rebalance the economy towards the private sector over the longer term."
(BMcC)
The Minister (pictured) commented: "These are challenging times for many economies around the world, with heightened economic uncertainty and reduced growth as a result of commodity price shocks and ongoing troubles in the Eurozone. The local economy is not immune from the effects of the global events and economic conditions.
"In response to the downturn, Invest Northern Ireland has recently launched its Boosting Business initiative. This package of new and revamped measures is aimed at boosting support to existing clients, and the broader business base, in these challenging times," she added.
This edition of the commentary highlights the key sectors in the Northern Ireland economy, and outlines their contribution to output, jobs and exports. The commentary also examines the key concerns of long term unemployment and unemployment amongst our young people, which have heightened as a result of the economic downturn.
"Unemployment is a loss, not just of personal potential for the individual, but to the economy also," continued the DUP Minister.
"Research shows that the longer someone is unemployed, the more difficult it is for them to then find employment. Therefore it is essential that all we do as much as possible to provide employment opportunities, particularly for the long term unemployed and our talented young people."
The Minister continued: "As part of the Boosting Business initiative, the Jobs Fund has a budget of £19million to help businesses create job opportunities. This is already bearing fruit with a number of early jobs announcements that will provide welcome opportunities for employment.
"The new Economic Strategy for Northern Ireland will also be launched soon for consultation, and it will focus on ways to rebuild the local economy in the short term and take the necessary steps to rebalance the economy towards the private sector over the longer term."
(BMcC)
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25 November 2024
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
17 February 2016
Unemployment Decreases In Last Quarter Of 2015
New figures from the Northern Ireland Statistics & Research Agency, have revealed a "marginal decrease" in unemployment for the period October – December, 2015. Key findings of the Labour Market Report, published today, include: • Over the quarter and the year, the employment rate increased and the economic inactivity rate decreased.
Unemployment Decreases In Last Quarter Of 2015
New figures from the Northern Ireland Statistics & Research Agency, have revealed a "marginal decrease" in unemployment for the period October – December, 2015. Key findings of the Labour Market Report, published today, include: • Over the quarter and the year, the employment rate increased and the economic inactivity rate decreased.
20 January 2016
Drop In Number Of People Claiming Unemployment Benefits
The number of people claiming unemployment benefits in Northern Ireland has dropped to 38,700, a decrease of 500 over the month. New figures released for the period September to November 2015 show that the Northern Ireland Labour Force Survey unemployment rate was 5.9%, a drop of 0.1% over the quarter.
Drop In Number Of People Claiming Unemployment Benefits
The number of people claiming unemployment benefits in Northern Ireland has dropped to 38,700, a decrease of 500 over the month. New figures released for the period September to November 2015 show that the Northern Ireland Labour Force Survey unemployment rate was 5.9%, a drop of 0.1% over the quarter.
12 March 2002
"No quick-fix" to unemployment says Hanna
The Minister for Employment and Learning Carmel Hanna has said that there can be "no quick-fix" to solving long-term unemployment. The Minister made her warning during a speech to the Fourth Annual Delegate Conference of the Organisation for the Unemployed Northern Ireland (OUNI) in Belfast.
"No quick-fix" to unemployment says Hanna
The Minister for Employment and Learning Carmel Hanna has said that there can be "no quick-fix" to solving long-term unemployment. The Minister made her warning during a speech to the Fourth Annual Delegate Conference of the Organisation for the Unemployed Northern Ireland (OUNI) in Belfast.
19 October 2016
Drop In Unemployment Figures
The number of people unemployed in Northern Ireland has dropped by 5.5% from June to August 2016. According to the Labour Force Survey, the number has decreased by 0.4% over the quarter and 0.5% over the year. Economy Minister Simon Hamilton said the unemployment rate is at the lowest it has been since September.
Drop In Unemployment Figures
The number of people unemployed in Northern Ireland has dropped by 5.5% from June to August 2016. According to the Labour Force Survey, the number has decreased by 0.4% over the quarter and 0.5% over the year. Economy Minister Simon Hamilton said the unemployment rate is at the lowest it has been since September.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
