UNEMPLOYMENT RATES FALL AS 1,000 FEWER ON THE DOLE QUEUE

NI jobless numbers fall again by 1,ooo

NEW figures out reveal that there are 1,000 fewer people claiming unemployment benefits in Northern Ireland.

The latest Labour Market Statistics show that the number of claimants now stands at 31,600, a decrease of 1,000 (3.5 per cent) from the previous month.

The unemployment rate of 5.3 per cent had decreased marginally in January and remains above the UK average of 4.8 per cent below the European Union (8.3 per cent) rate and Republic of Ireland (7.2 per cent).

The Department for Economy says the latest figures show there has been little change in unemployment rates since the EU referendum.

Annual figures continue to reflect a gradual decline in the unemployment rate over recent years from 7.5% in 2013, 6.4% in 2014, 6.1% in 2015 and 5.8% in 2016.

There was a marginal increase in the employment rate, but 210 redundancies made in January.

Over the last year to 31 January 2017, there has been an 86% increase in the number of confirmed redundancies: 3,599 compared to 1,932 in the previous year.

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