The unemployment rate in Northern Ireland has fallen to 3%, according to the latest labor market figures. FindSexyJobs


FSJ News Updates,

The unemployment rate in Northern Ireland has fallen to 3%, according to the latest figures released by the Northern Ireland Statistics and Research Agency (Nisra).

according to the July-September Labor Force Survey, there was a “statistically significant decrease” in the rate of 1.3% over the year.

The figures also show that the employment rate for working people aged 16 to 64 rose by 0.4% over the quarter and rose 2% year-on-year to 70.1%.

Meanwhile, the economic inactivity rate – the proportion of people aged 16 to 64 who were not working and not looking for or unable to work – fell 0.6% quarter-on-quarter and 1% year-on-year to 27.7%.

Figures from Nisra show that 781,300 people received pay through Pay As You Earn (PAYE) from HMRC, a 2.5% increase year-on-year.

Despite some better news, the figures also show that the revised number of people on the number of claimants was 36,100, an increase of 1.4% on the previous month’s revised figure.

The number of applicants also remains higher than the number before the pandemic in March 2020.

The statistics also show that 60 redundancies were confirmed in October 2022, bringing the annual total to 940, the lowest annual total since 2000.

Payroll figures from HMRC showed that the number of paid employees increased by 0.2% in the month and is 2.5% above the figure recorded in October 2021.

HMRC PAYE earnings indicated that employees here had a median monthly salary of £1,967 in October 2022, an increase of £10 (0.5%) per month and an increase of £117 (6.3%) per year.

Wage earnings also rose 0.5% month-on-month and are 6.3% above the figure seen in October 2021.


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