2018 was the Chinese year of the dog, but in this part of the world, it will go down as the year of the backstop, when promises around the Irish border came back to bite Theresa May. Indeed, some have said that Brexit as a whole was the one instance when the canine caught the car and then didn’t know what to do with it.
UK workers received a Christmas bonus with the highest wage growth for a decade reported last week. The labour market is yet again the star performer in an economy that is otherwise losing a little momentum.
The EU-UK Withdrawal Agreement was rubber stamped by the EU 27 leaders on Sunday after 20 months of negotiation. Yet the agreement might be entering the most difficult phase of its life as it’s unclear how the legislation will get through Parliament with so many MPs saying they’ll vote against it. Prime Minister Theresa May has vowed to deliver Brexit, the next few weeks should reveal which package arrives.
Today saw a data dump of labour market statistics which revealed more record highs and lows of the positive variety.
The latest NIJobs.com Jobs Report with Ulster Bank was published this week. It shows that the jobs market remains busy, driven by continued inward investment as well as recritment in other areas. Continue reading
The labour market continues to strengthen but wage growth refuses to escape its sluggish trajectory
Northern Ireland’s labour market statistics have provided a smattering of record highs and lows of the positive variety in recent months. The monthly Labour Force Survey, which signalled a record low in unemployment last month (3.1% for Q1 2018), played second fiddle to the Quarterly Employment Survey (QES). This is the most closely watched employment survey as it measures the actual number of jobs.
Once again Northern Ireland’s latest round of labour market statistics were littered with record highs and lows of the positive variety. The Labour Force Survey confirmed that the unemployment rate (ILO measure) fell to a new record low of 3.1% (UK = 4.2%) and was the lowest rate across all of the UK regions.
Today’s labour market statistics reveal more positive headlines, particularly in relation to unemployment. The headline ILO unemployment rate eased to 3.8% in the three months to November – its lowest rate since August 2007, and moving closer towards the all-time-low of 3.2% (July 2007). Continue reading
A New Year so an opportune time to do a bit of a stocktake. In this extended brief we take a look back at 2017 and ahead to 2018.