[ad_1]
The labour market statistics have been printed in the present day by the Northern Eire Statistics and Analysis Company.
Labour market statistics
Key factors
Payrolled workers decreased and month-to-month earnings elevated over the month
- The variety of workers receiving pay by means of HMRC PAYE in NI in August 2023 was 791,300, a 0.1% lower over the month and a 1.5% enhance over the yr.
- Earnings knowledge from the HMRC PAYE indicated that NI workers had a median month-to-month pay of £2,094 in August 2023, a rise of £2 (0.1%) over the month and a rise of £119 (6.0%) over the yr.
Claimant Depend Charge stays comparatively fixed over earlier yr
- In August 2023, the seasonally adjusted variety of individuals on the claimant rely was 36,700 (3.8% of the workforce), a rise of 0.4% from the earlier month’s revised determine. The August 2023 claimant rely stays 22.9% increased than the pre-pandemic rely in March 2020.
Proposed redundancies over three and a half occasions the full for earlier yr
- NISRA, performing on behalf of the Division for the Financial system, acquired affirmation that 200 redundancies occurred in August 2023. Over the yr September 2022 to August 2023, 1,520 redundancies have been confirmed, 40.7% greater than within the earlier 12 months.
- Over the twelve months to August 2023, there have been 4,420 proposed redundancies, over three and a half occasions the full for the earlier yr (1,220).
Labour Drive Survey employment, unemployment, and financial inactivity charges present little change over the yr
- The newest NI seasonally adjusted unemployment fee (the proportion of economically energetic individuals age 16 and over who have been unemployed) for the interval Could-July 2023 was estimated from the Labour Drive Survey at 2.7%. This was a rise of 0.3 proportion factors (pps) over the quarter and a lower of 0.2pps over the yr.
- The proportion of individuals aged 16 to 64 in work (the employment fee) decreased by 1.3pps over the quarter and elevated by 1.5pps over the yr to 71.1%.
- The full variety of weekly hours labored in NI (27.8 million) decreased by 4.2% over the quarter and elevated by 1.5% over the yr.
- The financial inactivity fee (the proportion of individuals aged 16 to 64 who weren’t working and never in search of or out there to work) elevated by 1.1pps over the quarter and decreased by 1.3pps over the yr to 26.9%.
Quarterly Employment Survey (QES) headline measures
- Companies reported that worker jobs decreased over the quarter (-0.2%) and elevated over the yr (1.7%) to 813,450 jobs in June 2023. The annual change was statistically important.
Commentary
- The newest labour market launch exhibits that over the yr each payrolled worker numbers and earnings have elevated, whereas worker jobs have additionally elevated. As well as, the Labour Drive Survey employment, unemployment, and financial inactivity charges have seen little change over the yr.
- The newest HMRC payroll knowledge exhibits that payrolled worker numbers decreased by 0.1% over the month and elevated by 1.5% over the yr. Payrolled earnings elevated by 0.1% over the month and have been 6.0% increased than August 2022.
- Companies reported, by way of the Quarterly Employment Survey, that worker jobs in NI decreased over the quarter however elevated over the yr to 813,450 jobs in June 2023. Quarterly will increase in worker jobs have been seen inside the manufacturing, development and different industries sectors to June 2023, with worker jobs inside the providers sector lowering over the quarter. There have been will increase in worker jobs over the yr inside the manufacturing, providers and different industries sectors to June 2023, with worker jobs inside the development sector lowering over the yr.
- Households reported, by way of the Labour Drive Survey (LFS), a 1.5pps enhance within the employment fee over the yr to Could-July 2023, to 71.1%, whereas there have been decreases over the yr to Could-July 2023 in each the financial inactivity fee (by 1.3pps to 26.9%) and the unemployment fee (by 0.2pps to 2.7%). Warning is suggested when decoding these outcomes nevertheless as not one of the annual adjustments have been statistically important. At Could-July 2023, the financial inactivity fee was 1.0pps above the pre-pandemic place recorded in November-January 2020, whereas the unemployment fee for Could-July 2023 was 0.3pps above the pre-pandemic fee. The employment fee for Could-July 2023 sat 1.2pps under the pre-pandemic place recorded in November-January 2020.
- The full variety of hours labored in Could-July 2023 elevated by 1.5% over the yr, to 27.8 million hours per week. That is 3.7% under the pre-pandemic place recorded in November-January 2020.
- The Division was notified of 200 confirmed redundancies in August 2023, which introduced the rolling twelve-month complete of confirmed redundancies to 1,520. That is the sixth consecutive month that this complete has been over 1,000, and is the best complete since Could 2022, though this determine continues to be properly under the long run development. There have additionally been 4,420 proposed redundancies notified to the Division over the yr September 2022 to August 2023-the highest rolling twelve-month complete since August 2021 and over three and a half occasions the determine for the earlier yr (1,220).
- Lastly, there was a small enhance within the claimant rely estimate, by 0.4%, over the month to August 2023 from the revised determine for July 2023. The claimant rely fee remained at 3.8% for the second month working and that is the seventeenth consecutive month that the claimant rely fee has been inside the vary 3.6% to three.8%.
Notes to editors:
- The statistical report and related tables can be found at:Labour Market Report – September 2023
- The Northern Eire Statistics and Analysis Company needs to thank the taking part companies and households for collaborating within the Labour Drive Survey.
- ‘Over the quarter’ check with comparisons between the newest quarterly estimates for the interval Could-July 2023 and the quarter previous that (i.e. February-April 2023). ‘Over the yr’ check with comparisons between the newest quarterly estimates for the interval Could-July 2023 and people of the corresponding quarter one yr beforehand (i.e. Could-July 2022). Modifications which can be discovered to be important in a statistical sense (i.e. the place the estimated change exceeded the variability anticipated from a pattern survey of this dimension and was more likely to replicate actual change) shall be particularly highlighted.
- Estimates referring to Could-July 2023 ought to be in contrast with the estimates for February-April 2023. This gives a extra sturdy estimate than evaluating with the estimates for April-June 2023, because the Could and June knowledge are included inside each estimates.
- The official measure of unemployment is from the Labour Drive Survey. This measure of unemployment pertains to individuals and not using a job who have been out there for work and had both regarded for work within the final 4 weeks or have been ready to start out a job. That is the Worldwide Labour Organisation definition. Labour Drive Survey estimates are topic to sampling error. Because of this the precise determine is more likely to be contained in a variety surrounding the estimate quoted. For instance, the unemployment fee is more likely to fall inside 0.6pps of the quoted estimate (i.e. between 2.1% and three.3%).
- The claimant rely is an administrative knowledge supply derived from Jobs and Advantages Workplaces methods, which information the variety of individuals claiming unemployment-related advantages. In March 2018, the NI claimant rely measure modified from one primarily based solely on Jobseekers Allowance (JSA) to an experimental measure primarily based on JSA claimants and out-of-work Common Credit score (UC) claimants who have been claiming principally for the rationale of being unemployed. These claiming unemployment-related advantages (both UC or JSA) could also be wholly unemployed and in search of work, or could also be employed however with low earnings and/or low hours, that make them eligible for unemployment-related profit help. Beneath UC a broader span of claimants grew to become eligible for unemployment-related profit than beneath the earlier profit regime.
- Redundancies are supplied by firms beneath the Employment Rights (Northern Eire) Order 1996 (Amended 8 October 2006) whereby they’re legally required to inform the Division of impending redundancies of 20 or extra workers. Firms who suggest fewer than 20 redundancies usually are not required to inform the Division, due to this fact the figures supplied are more likely to be an underestimate of complete job losses, nevertheless, it’s not attainable to quantify the extent of the shortfall. All different issues being equal we’d count on extra redundancies in sectors dominated by giant companies as they’re the companies that meet the 20 or extra collective redundancy standards.
- To stop the potential identification of particular person companies, redundancy totals referring to fewer than 3 companies usually are not disclosed. The Statistical Disclosure Management Coverage is offered right here: https://www.nisra.gov.uk/publications/redundancies-background-information. The place the variety of companies doesn’t meet the edge for launch (as detailed within the Statistical Disclosure Management Coverage), particular person month-to-month totals usually are not printed.
- HMRC’s Pay As You Earn (PAYE) Actual Time Data (RTI) system is an administrative knowledge supply. The PAYE RTI system is the system employers use to take Revenue Tax and Nationwide Insurance coverage contributions earlier than they pay wages to workers. These knowledge relate to workers paid by employers solely, and don’t embrace self-employment earnings.
- Estimates of the variety of paid workers and worker earnings from PAYE are classed as experimental statistics as they’re nonetheless of their improvement part. Because of this, the info are topic to revisions. Early estimates (flash estimates) for August 2023 are primarily based on round 85% of data and shall be topic to revision within the subsequent month’s launch when between 98% and 99% of knowledge shall be out there (foremost estimates). The scale of revisions to foremost and flash estimates are comparable for workers, whereas revisions to earnings flash estimates are usually bigger than foremost estimate revisions. The HMRC PAYE covers the entire inhabitants reasonably than a pattern of workers or firms. Knowledge are primarily based on the place workers dwell and never the placement of their workplace inside the UK. Knowledge are seasonally adjusted however not adjusted for inflation.
- The Labour Market Report shall be of curiosity to coverage makers, public our bodies, the enterprise group, banks, financial commentators, teachers, and most of the people with an curiosity within the native economic system.
- The following Labour Market Report shall be printed on the NISRA web site on Tuesday 17 October 2023.
-
To maintain updated with information from the Division you may comply with us on the next social media channels:
Twitter – @Economy_NI
Fb – @DeptEconomyNI
Instagram – economy_ni
LinkedIn – Department for the Economy NI -
The Govt Data Service operates an out of hours service for media enquiries solely between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The responsibility press officer will be contacted on 028 9037 8110.
- Suggestions is welcomed and ought to be addressed to: Accountable statistician: Mark McFetridge, Financial & Labour Market Statistics(ELMS), Mark.McFetridge@nisra.gov.uk or Tel: 028 902 55172.
Share this web page