Home Economy Unemployment in NI remains at record low

Unemployment in NI remains at record low

by Leah

The proportion of people who are unemployed in Northern Ireland has remained at a record low, the latest figures have shown.

Between December and February unemployment stood at 1.5%, which is the lowest rate in the UK.

But the proportion of people in work – the employment rate – also decreased over the year to 71.3%.

The other 27.2% are classed as "economically inactive" – a term used to describe those who are not working nor available to work, such as students, carers or those with long-term sickness.

This rate was the highest in the UK.

Wages rising

The most common reason for economic inactivity was long-term sickness.

There were 122,000 people in this category, accounting for 37.5% of the economically inactive.

This was an increase of 11,000 from the same period in 2023-24.

Those in work saw their pay packets continue to grow at a rate faster than inflation.

The number of workers on company payrolls in NI continued to grow in February.

The typical monthly pay in Northern Ireland was £2,359 in February – £191 more or 8.8% higher than the same time the previous year.

NI had the largest annual increase of the 12 UK regions.

The figures also showed there were 810,700 workers on company payrolls – an increase of 1.4% over the year.

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