Christmas may be the time to be merry, but it looks like there is reason to celebrate well in to 2008 as figures just released have shown that Northern Ireland has the highest number of jobs on record – with many more people working in both the building and construction world, as well as in the service sector.
Adding that to the news that the unemployment rate remains low and things are looking good for the coming New Year.
Seasonally adjusted figures from the Department of Enterprise, Trade and Investment's Quarterly Employment Survey estimated that there were 720,210 employee jobs filled in September 2007, representing a net increase of 1,450 over the quarter and an increase of 12,010 over the year.
The overall increase over the quarter was driven by rises in Service Sector jobs (+1,170) and Construction jobs (+640).
The seasonally adjusted unemployment rate in Northern Ireland was estimated at 4.0% for the period August - October 2007.
This represents an increase from the rate recorded in the previous quarter (3.4%), but a fall from the rate for the same period one year ago (4.6%).
Meanwhile, the Northern Ireland unemployment rate also remains below the UK average (5.3%) and is also considerably lower than the 'EU27' rate (7.0%) for September 2007.
The number of people claiming unemployment related benefits stands at 23,300. This shows an increase of 100 from the previous month – but is down 3,900 over the year.
However, there is still some way to go on the number of people who are not working and not looking for work – the sector known as economically inactive – with the latest seasonally adjusted working age economic inactivity rate in Northern Ireland (27.0%) remaining similar to the high rate for the previous quarter (27.1%).
Unfortunately, the latest Northern Ireland rate remains significantly higher than the UK average of 21.2% and it continues to be the highest of all the UK regions.
Commenting on the figures, the NI Assembly's Economy Minister, Nigel Dodds said: "The number of jobs in Northern Ireland has once again risen to its highest ever level and this represents positive news for the labour market.
"It is encouraging to note that the entire increase in jobs over the year is accounted for by the private sector, which increased by some 12,830 jobs during the last year.
"The private services sector in particular recorded an annual growth of close to 10,000 jobs and has continued to be the driving force in jobs growth in Northern Ireland.
"Despite the slight rise in unemployment over the quarter, the Northern Ireland unemployment rate has fallen over the year and continues to be considerably lower than the averages for the UK and European Union.
"The draft Programme for Government reinforced our commitment to developing a strong and vibrant economy in Northern Ireland. My recent business missions to the United States also provided important opportunities to highlight the potential of the Northern Ireland workforce and the business expertise that exists here.
"I am determined that next year’s US Investment Conference will assist us in building strong economic conditions on which to deliver the target of over 6,500 new jobs by 2011, through inward investment projects," the Assembly Minister concluded.
(BMcC/JM)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
15/11/2024
An emergency road closure has been announced following serious structural integrity concerns of the former Antrim Arms Hotel building on Castle Street in Ballycastle. Following genuine fears surrounding the safety of the building's structure, Causeway Coast and Glens Borough Council have ...
15/11/2024
A pre-design public consultation for the Dublin-based College Green - Dame Street Public Realm Project has been launched. The proposal to remodel College Green and Dame Street is a joint initiative by Dublin City Council and the National Transport Authority. The project aims to transform Dublin's ...
15/11/2024
A new plan which aims to fill vacant homes and revitalise derelict buildings has been proposed by Ireland's Green Party. The Dereliction and Building Regeneration Bill put forward by the party aims to establish a single permitting system for fire, accessibility and planning in a one-stop-shop for ...
15/11/2024
Works will begin next week to provide a more reliable water supply in County Kildare, Uisce Éireann has announced. The improvements, which will take place in Allenwood, will also target the reduction of high levels of leakage. GMC Utilities Group are carrying out the works on behalf of Uisce ...
15/11/2024
Essential wastewater improvements being made to the North Street area in Carrickfergus are set to be completed on Friday, November 22, NI Water has announced. Further works will recommence to the area on January 6, after the busy Christmas period. The work is part of a major investment to improve ...
15/11/2024
A forthcoming road closure in Wicklow has been announced by the County Council ahead of essential roadworks which are suspected to last a week. The closure will impact the L-69052 road in Arklow and will take place on the junction of the L2901, Laffin's Lane and The Brook, from Monday, November ...
14/11/2024
A L'Derry park was visited by the Minister of Agriculture, Environment and Rural Affairs yesterday following the completion of extensive works. Manor Park in Moneymore welcomed Minister Andrew Muir MLA, who made the trip to see the result of extensive works which totalled £260,000. The ...
14/11/2024
A Railway Order planning application will be made by Transport Infrastructure Ireland (TII) regarding the major Luas Finglas project. The application will be submitted to An Bord Pleanála on Monday, November 18, while the public can make submissions about the proposed light rail line from November ...
14/11/2024
A new €8.8 million social housing scheme officially launched in County Louth recently. The Ferrard Park development in Drogheda contains 28 new houses which were acquired by Louth County Council from CFS Homes for tenants from the council's social housing waiting list. The houses, which include a ...
14/11/2024
A number of projects across Wicklow aimed at addressing the negative impacts of climate change have received a significant cash boost. Wicklow County Council and The Department of the Environment, Climate and Communications announced an allocation of €675,574.33 to 20 community groups across the ...