Skip the NI Direct Bar

Economic Overview

Full economic Overview - December 2014 (PDF 42 KB)

At a glance:

Unemployment

The unemployment rate for the period August-October 2014 was estimated at 6.3%.
Further Information on Unemployment Statistics

Employment

The number of persons in employment in the period August-October 2014 was estimated at 820,000
Further Information on Employment Statistics

Economically Inactive

The NI economic inactivity rate at Augist-October 2014 for those aged 16-64 stood at 27.1%.
Labour Force Survey

Claimant Count

The seasonally adjusted claimant count decreased by 700 from last month’s revised total. It now stands at 51,200 (5.8% of the workforce) in November 2014.
Further Information on Claimant Count

Quarterly Employment Survey

The estimated seasonally adjusted employee jobs total in Northern Ireland at September 2014 was 720,290.
Further Information on the Quarterly Employment Survey

Composite Economic Index

The latest figures indicate that NI economic activity increased by 1.2% over the year to Q2 2014.
Further Information on the Northern Ireland Composite Economic Index

Index of Services

Provisional results from the Index of Services for the second quarter of 2014 showed that output in NI increased by 0.4% in real terms over the quarter.
Further Information on the Index of Services

Index of Production

Provisional results from the seasonally adjusted Index of Production (IOP) for the third quarter of 2014 show that output levels decreased by 1.4%.
Further Information on the Index of Production

Index of Construction

The total volume of construction output in Northern Ireland in the second quarter of 2014 decreased by 3.7% compared to Q1 2014.
Further Information on the Index of Construction

Hours Worked

In the three months to September 2014, the average actual weekly hours worked in NI was 32.1 hours.
Further Information on the Labour Force Survey

Annual Survey of Hours and Earnings (ASHE)

Over the year to April 2014, median gross weekly earnings for all employees (i.e. both full- and part-time) in NI decreased by 2.2% (to £358).
Further Information on the Annual Survey of Hours and Earnings

Redundancies

Over the latest twelve month period to 30 November 2014  there were a total of 2,271 confirmed redundancies, an increase of 2% from the previous year (2,233).
Further Information on Redundancies