NI employment growth 'fastest in UK'

Published Monday, 14 April 2014
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Businesses in Northern Ireland have reported the fastest rate of employment growth of all the UK regions, a study has found.

NI employment growth 'fastest in UK'
The report said job creation in the construction sector has risen. (© Getty)

Ulster Bank chief economist Richard Ramsey said local private sector companies have seen a considerable rise in the number of new orders during the past 10 months.

There have also been sharper rates of job creation in manufacturing, services and construction.

Staffing levels at NI firms are said to be increasing at the fasted recorded pace since August 2002 - faster than at the UK level - and this, the report said, largely reflects increased workloads.

Mr Ramsey said: "It is clear that NI's private sector recovery is still firing on all cylinders."

The report outlined evidence of three successive quarters of strong growth, easing in March but with acceleration in new orders growth expected to continue for some time yet.

It said there has been some variance in performance by sector in the private sector - retailers for example posting a "significant slowdown" in growth of business activity - but added that the sector is nevertheless still expanding at a "healthy rate".

The chief economist explained: "The sustained period of business growth is feeding through into job creation with renewed vigour.

"Northern Ireland firms reported the fastest rate of employment growth of all the UK regions.

"On a quarterly basis, the first quarter of 2014 saw Northern Ireland's private sector employment expand at its fastest rate in seven years."

© UTV News
Comments Comments
caz in Derry wrote (289 days ago):
Fastest growth in N.I, where N.I in particular I wonder????? mmmmm Derry man say's to Belfast ever think of moving to Derry? It's a lovely place....Belfast man replies...gee's sounds great but how will I feed the weans then!
Peter in Derry wrote (289 days ago):
Sorry missed a vital word from previous message but im sure ppl can fill in the blanks based on logic but il state it any way!!!! LOST
Peter in Derry wrote (289 days ago):
I think it's time to re-name Belfast northern Ireland because any reports of inward investment gets labelled 'inward investment' for northern Ireland when in reality it's investment for Belfast....well at least 8.5 times out of 10. How can you say N.I has fastest growth of job creation in UK...bit odd when derry has highest unemployment figures in UK (official)!!!!!!!!!!!!! in last 5 months Derry has upwards of a 1000, possibly more jobs but in last 5 months Belfast has created 1000's. The headline doesn't always tell show the full picture.
seanie in dungannon wrote (290 days ago):
Please take out NI from this headline and replace it with Belfast
Belfast in Belfast wrote (290 days ago):
Folks let's be honest here, this is only because Stormont and Westminster allow these companies to pay us a lot less than the mainland! That's why they're "investing" so much in us! My company, Capita, is only one of these that pay those on the mainland so much more for exactly the same job. If we had a government here in NI that were actually a proper government and put the people first, instead of just about looking after their own outdated sectarian viewpoints, maybe this would be dealt with.
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