By Michael Kane
The unemployment rate in Northern Ireland has hit an exceptional low at 2.5%. This puts it below the worldwide average of 6.97%, and below the likes of the US, Germany and the Netherlands.
A more telling figure is the rate of working adults, which has hit a record high of 72.3%. While this is an increase, it’s worth noting that this is still the second lowest employment rate among the 12 UK regions. Only the North East of England has less employed adults.
What is the reason for this boost? Unfortunately it may come down to simple necessity. During the global recession, Northern Ireland’s employment rate fell as low as 64%. As a result, many families fell on hard times and simply had to work. Since then there has been a significant increase both in those working through retirement age and the female labour force.
A basic rule of economics is that an economy grows with production, and productivity in Northern Ireland is still low by the standards of other developed countries. So while it’s great to see so many people employed, there’s still a lot of work to do to sustain those numbers and encourage future growth.
In the meantime, if you’re looking for a bit of extra cash, there’s still no better time to seek part-time work than on the cusp of the Christmas rush.
Here are some part-time jobs currently listed across online job boards: