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14/09/2017
Latest Labour Force Survey Shows Fall In Employment Rate
The latest figures from the Labour Force Survey have revealed that the employment rate fell by 1.3% over the year to August 2017.
The Survey, from Northern Ireland Statistics & Research Agency, also revealed that the economic inactivity rate (27.8%) increased by 1.5% over the year.
However, the number of people claiming unemployment related benefits stood at 29,800 (3.3% of the workforce) in August 2017, representing a decrease of 200 from the previous month's revised figure.
The latest NI unemployment rate of 5.3% is above the UK average of 4.3% but remains below the European Union (7.7%) rate and Republic of Ireland (6.3%) rate for June 2017.
The full list of figures from the Labour Force Survey are available on the Department of the Economy website.
The Survey, from Northern Ireland Statistics & Research Agency, also revealed that the economic inactivity rate (27.8%) increased by 1.5% over the year.
However, the number of people claiming unemployment related benefits stood at 29,800 (3.3% of the workforce) in August 2017, representing a decrease of 200 from the previous month's revised figure.
The latest NI unemployment rate of 5.3% is above the UK average of 4.3% but remains below the European Union (7.7%) rate and Republic of Ireland (6.3%) rate for June 2017.
The full list of figures from the Labour Force Survey are available on the Department of the Economy website.
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Inflation rate fall may herald a further interest rate cut
Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
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Speculation is growing that a fall in the underlying inflation rate, down to 2.2 per cent, may give the Bank of England’s Monetary Policy Committee further room for manoeuvre to lower interest rates. Continued severe pressure on manufacturing industry has prompted further calls from industry leaders seeking another cut in the UK interest rate.
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'Worst To Come' As Republic's Mortgage Rate Rises
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CBI urge interest rate freeze following under par retail sales
High street spending lifted in October but overall autumn sales have disappointed retailers, according to the CBI's latest monthly survey.
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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.
