The unemployment rate is at a historically low rate in Northern Ireland, which on the face of it is great news for people who have been able to find a job that fits their skills and qualifications. According to the most recent statistics the unemployment rate is just 1.6% here, which compares favourably with the …
Low Unemployment Rate But High Number Of People Economically InactiveRead More
Business services company EY (Economic Eye) has forecast that the economy will grow by just 1% this year (2025). This is compared to growth of 1.2% last year, so this would be quite a disappointing performance. However they anticipate that the NI economy will grow by 1.7% in 2026. This latest forecast for 2025 has …
Following on from yesterdays blog and the grim news that many hospitality firms are likely to have to cut jobs in the near future, another survey, this time by industry body Retail NI, has revealed that, of the shops surveyed in Northern Ireland, 75% of them are going to be cutting jobs and reducing staff …
Survey Reveals 75% Of Shops Will Have To Cut Jobs And Staff HoursRead More
There are real concerns within the hospitality sector in Northern Ireland that many firms will have to cut down on their staff members as cost increases loom on the horizon in April. In fact a recent survey by hospitality trade associations revealed that as many as 65% of the firms surveyed will have to reduce …
Hospitality Firms Concerned They May Have To Cut JobsRead More
We do like a good news story on a cold February day and we believe this is definitely one of those! We can bring you the news that the number of firms based here in NI reached a record high at the end of last year. This is great news as it means the economy …
Number Of Firms In Northern Ireland Hits Record HighRead More
In an interesting initiative, local businesses are being invited to sign up for free net zero support, courtesy of the Mid South West (MSW) Region’s Net Zero Transformation Programme, which is being funded by Innovate UK. They are promoting the scheme at an SME Big Breakfast Briefing in Cookstown on Thursday 6th March. And they …
Local Businesses Invited To Sign Up For Free Net Zero SupportRead More
As we wrote about in our previous blog, the medium to long term outlook for business growth in Northern Ireland looks very healthy, and it is expected we need to be proactive in ensuring there is going to be a big enough labour force to ensure job vacancies are covered. But looking at the recent …
Staff Levels Remaining Strong But Private Sector Business Fell At End Of 2024Read More
A new report published by Ulster University’s Economic Policy Centre has forecast that Northern Ireland will require over 5,000 additional workers each year over the next 10 years. If these workers cannot be found this could seriously hold back economic growth here. The report has forecast a high growth economy over the next few years …
Over 5,000 Additional Workers Per Year Required To Grow NI EconomyRead More
