NI economy: Number of workers on payrolls drops in June

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NI economy: Number of workers on payrolls drops in June
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Northern Ireland workforce number fell slightly in June, NISRA figures show

The number of people in work, or Northern Ireland's employment rate, was unchanged from the previous quarter at 72%.In comparison, the UK employment rate was 76%.

Companies must inform the Department for the Economy of planned redundancies of 20 or more employees. It was notified of 1,960 proposed redundancies in June 2023 - that is the highest monthly proposed total reported since June 2020.The rate of economic inactivity for March to May 2023 was 26.1%, well above the UK rate of 20.8%.That includes people who are retired, in full-time education, sick or disabled and those with caring responsibilities.There were 123,000 long-term sick, accounting for 39.9% of the total economically inactive, or 10.5% of the working age population.

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