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Economic Overview

Full economic Overview - April 2014 (PDF 38 KB)

At a glance:


The unemployment rate for the period December - February 2014 was estimated at 7.7%.
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The number of persons in employment in the period December - February 2014 was estimated at 812,000.
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Economically Inactive

The NI economic inactivity rate at December - February 2014 for those aged 16-64 stood at 26.3%.
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Claimant Count

The seasonally adjusted claimant count decreased by 700 from last month’s revised total. It now stands at 57,000 (6.3% of the workforce) in March 2014.
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Quarterly Employment Survey

The estimated seasonally adjusted employee jobs total in Northern Ireland at December 2013 was 706,900.
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Composite Economic Index

The latest figures indicate that NI economic activity increased by 0.6% over the quarter to Q4 2013.
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Index of Services

Provisional results from the Index of Services for the fourth quarter of 2013 showed that output in NI increased by 1.6% in real terms over the quarter.
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Index of Production

Provisional results from the seasonally adjusted Index of Production (IOP) for the fourth quarter of 2013 show that output levels fell slightly by 0.2%.
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Index of Construction

The total volume of construction output in Northern Ireland in the fourth quarter of 2013 decreased by 3.9% compared to Q3 2013.
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Hours Worked

In the three months to December 2013, the average actual weekly hours worked in NI was 32.9 hours.
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Annual Survey of Hours and Earnings (ASHE)

Earnings results for April 2013, show that yearly growth in median gross weekly earnings for all employees (i.e. both full- and part-time) in NI was 1.7% (to £367).
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Over the latest twelve month period there were a total of 1,833 confirmed redundancies, a decrease of 46% from the previous year (3,402).
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