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Economic Overview

Full economic Overview - April 2014 (PDF 38 KB)

At a glance:

Unemployment

The unemployment rate for the period December - February 2014 was estimated at 7.7%.
Further Information

Employment

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%.
Futher Information

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.
Futher Information

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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Redundancies

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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