Progress in Northern Eire’s job market seems to be slowing down with lower than a 0.1% enhance within the variety of staff in June.
And the variety of folks claiming jobs-related advantages was additionally up by 0.1% on Could, within the first reported enhance for the measure since February final 12 months.
Based on the Northern Eire labour market statistics, there have been 775,400 staff receiving pay via HMRC PAYE throughout June - whereas 775,400 the very best on file, the expansion fee of 0.1% was a extra sluggish fee of development than in earlier months.
12 months-on-year, the variety of staff had gone up by 2.8%. The PAYE system supplies the freshest proof of the efficiency of the roles market.
Workers throughout June had month-to-month median pay of £1,960, which was up £16 over the month, and £123 over the 12 months.
However the claimant rely throughout June reached 36,100, or 3.8% of the workforce, up 0.1% on the earlier month and the primary enhance since February final 12 months. The June determine stays 21% greater than the pre-pandemic rely of March 2020.
The NI Statistics and Analysis Company (Nisra), which ready the report, additionally stated that there had been the bottom variety of redundancies on file made during the last 12 months, at 1,360.
Nevertheless, there have been 470 proposed redundancies in June, which was the very best quantity to this point this 12 months.
And the Labour Pressure Survey reported a seasonally adjusted unemployment fee of two.6% for March to Could, down 0.4 proportion factors over the quarter and 1.6 proportion factors over the 12 months - a pattern which Nisra stated was “statistically important”.
The employment fee was up by 2.7 proportion factors over the 12 months to 70.1%”, which Nisra additionally described as “statistically important”.
Mark Magill, a senior economist at Ulster College, stated the roles restoration following the pandemic was not full regardless of some enhancements.
"On a 12 months on 12 months foundation, Northern Eire's 16 to 64-year-olds’ employment has elevated by 34,000, 16-64 unemployment decreased by 13,000 and 16-64 financial inactivity decreased by 17k.
"However whole employment remains to be 27,000 under, and financial inactivity 26,000, above, pre-pandemic ranges.”