Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
15/10/2008

Construction Job Losses Hit NI Unemployment

Construction News Image
A step decline in the housing market and the associated construction industry is having an impact on Northern Ireland's levels of unemployment.

The construction industry accounted for approximately 60% of the September increase.

Commenting on the figures, NI Economy Minister Arlene Foster said: "The latest labour market figures show some further increases in unemployment. While this is disappointing, it is not entirely unexpected.

"The slow-down in the housing market and wider construction industry in particular is having a large impact, with former construction workers accounting for the majority of the rise in benefit claimants during September," she said.

However, while losses are most significant in that sector, there has only been a slight overall increase in unemployment in Northern Ireland, with the rate remaining below the UK and European Union average.

New figures published today show that the Northern Ireland seasonally adjusted unemployment rate was estimated at 4.3% for the period June to August 2008.

-- Advertisement --

This represented a slight increase from the rate of 4.1% recorded last quarter and was also higher than the rate of 3.7% recorded in the same period one year ago.

The rate remained below the UK average (5.7%) and was also lower than the European Union (6.8%) and Republic of Ireland (5.9%) rates for July 2008.

Seasonally adjusted estimates for the same period showed that there were 788,000 people in employment in Northern Ireland.

This represented a fall of 0.9% in employment levels over the quarter, but a rise of 1.5% over the year.

The number of people claiming unemployment related benefits increased by 1,200 during the latest month to 28,900 in September 2008.

This represented the largest single monthly increase in unemployed claimants in over 20 years (since April 1986).

Again though, a Ministerial target has been missed as the Northern Ireland's rate of economic inactivity remained considerably higher than the UK average rate (20.9%) and was the highest of the UK regions.

The latest seasonally adjusted working age economic inactivity rate in Northern Ireland (26.7%) increased from the figure of 26.2% recorded for the previous quarter.

Also revealed is news that output from Northern Ireland's service sector fell in the second quarter of 2008, although production output increased over the quarter and the year.

Reflecting on the Index of Production and Index of Services, Stormont Minister Arlene Foster also said: "This was the fourth consecutive quarter in which we have seen a decline in business activity in private sector services.

"Most of this has been driven by falling sales in the wholesale, retail and business services and finance sectors during the second quarter of the year.

"We cannot expect to be immune from the dramatic changes in the financial markets. Business and consumer confidence has also undoubtedly been affected by price rises and economic uncertainty," she commented.

(BMcC)

Latest Construction News

03/05/2024

Construction work has commenced on a new £9 million build at Rowandale Integrated Primary School in Moira. Funding from the Fresh Start Programme will facilitate the establishment of a new, modern primary school, with 14 classrooms and a nursery unit capable of accommodating over 340 ...
03/05/2024

Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D. together with Leas Chathaoirleach of Donegal County Council, Cllr Gerry McMonagle, has opened the Greencastle Harbour Breakwater. The 270-metre Breakwater aims to improve the protection of vessels in the harbour against wave ...
03/05/2024

NI Water has initiated a £3.5 million improvement programme at Newcastle Wastewater Treatment Works (WwTW). Murphy Dawson Wam JV is undertaking the project, which focuses on improving the three-stage treatment process at the current facility. This will entail installing new filtration gear and a ...
03/05/2024

Bennett Construction has announced that it has achieved Practical Completion (PC) on the Tristan Square Development in Chapelizod, Dublin. The project includes the construction of 180 social and affordable apartments split in to one, two and three bed homes over three blocks. Each of the units are ...
03/05/2024

SSE Renewables and FuturEnergy Ireland have revealed that Microsoft has committed to a lengthy Corporate Power Purchase Agreement (CPPA) with the co-developers. This agreement will inject 30MW of wind energy into Ireland's power grid through the recently launched Lenalea Wind Farm, located near ...
03/05/2024

Farrans has announced that it has collected three awards, including one Gold, at the Considerate Constructor Scheme's National Awards. The CCS National Awards honour outstanding sites, organisations and people who show exceptional commitment to the Code of Considerate Practice in Community, ...
03/05/2024

County Down headquartered GRAHAM has started construction work on a new £59 million low-carbon development in Edinburgh. The Burnet Point scheme in Abbey Lane which combines student flats, build-to-rent and affordable homes is the first-ever mixed-use residential development of its kind by Unite ...
03/05/2024

Alliance's Housing spokesperson, Kellie Armstrong MLA, has welcomed the NI Federation of Housing Associations (NIFHA) commitment to reduce carbon emissions in social homes and combat climate change. Housing associations are currently in the process of developing a scheme set to launch this autumn. ...
03/05/2024

Fibrus has announced that it has exceeded its 80,000 customer milestone, as it gains over 50,000 customers in just one year. The broadband provider burst on to the scene to transform the digital infrastructure of rural and regional areas of Northern Ireland and has shaken up the market due to its ...
03/05/2024

Infrastructure Minister, John O'Dowd, has announced his support for the 'No Mow May' approach to help promote biodiversity on the roadside during this month. The Department for Infrastructure oversees the maintenance of 45,000km of grass verges along the road network. In recent years, it has been ...
Special FormworkMaterials Market LtdNorthwest Drilling ServicesMaterials Market LtdToner Damp Proofing SuppliesMcHale Plant Sales LtdFITACTool FixShannonside GalvanizingCarlow Concrete Tanks
Terms and Conditions
2024/05/05 21:47:19