Redundancies increase by 30% in Northern Ireland over last year
The number of confirmed redundancies in Northern Ireland has increased by 30% over the past 12 months.
The Northern Ireland Statistics and Research Agency confirmed that 2,907 people have lost their jobs in the last year with 133 redundancies in July 2018.
- Half of all Northern Ireland exports now heading to Republic and US
- Six figure payout for staff who lost Derry regeneration jobs
- Bombardier facing £30m bill to hoard parts for Brexit no deal
There have been job losses at a number of large firms this year including Poundworld, Toys R Us, Wrightbus and Senasta Technologies.
Kilroot Power Station also closed its doors leading to the loss of 270 jobs.
There was a decrease of 0.4pps in the employment rate of 69.3% over the last quarter.
The unemployment rate in Northern Ireland from April to June 2018 was 3.8%.
This compared favourably to the United Kingdom who had an unemployment rate of 4% and the Republic of Ireland on 5.3%. The European Union had a 7% unemployment rate for the same period.
Unemployment increased by 0.6pps over the quarter and decreased by 1.5pps over the year.
However, the long-term unemployment rate in Northern Ireland was more than double that of the United Kingdom making up three-fifths of those unemployed.
Northern Ireland's economic inactivity rate of 27.9% is the highest in the UK.
Of those currently unemployed in Northern Ireland 63.1% have been out of work for one year or more compared with 26.7% in the UK.
Belfast Telegraph Digital