Labor market statistics were released today by the Northern Ireland Agency for Statistics and Research.
Labor market statistics published
Salaries are now higher than before COVID-19, the eleventh month in a row
- The number of employees receiving salaries through HMRC PAYE at NI in April 2022 was 774,600, an increase of 0.4% for the month and 4.5% for the year. This is the highest figure for all time and the eleventh consecutive month when the number of employees exceeds the level before COVID-19.
- Revenue from HMRC PAYE showed that the average monthly salary of NI employees was £ 1945 in April 2022, an increase of £ 6 (0.3%) for the month and £ 129 (7.1%) for the year.
The lowest number of NI applicants (experimental series) since March 2020
- In April 2022, the seasonally adjusted number of applicants was 36,500 (3.9% of the workforce), which is 900 (2.4%) less than the revised figure for the previous month. The number of applicants in April remains higher than the pre-pandemic number in March 2020 (by 23%).
The trend of decreasing annual proposed and confirmed dismissals continues
- The number of reductions proposed in April was small, and in accordance with the policy of control over the disclosure of statistical information can not be disclosed (preventing the potential identification of individual enterprises).
- NISRA has received confirmation that in April 2022 there were 80 layoffs. In the year 1810 layoffs were 69% less than in the previous year. For the year from May 2021 to April 2022, 2,210 reductions were proposed, which is 76% less than in the previous 12 months.
General Labor Force Survey (LFS) measures.
- The last seasonal unemployment rate at the Research Institute (the share of economically active people aged 16 and older who were unemployed) for January-March 2022 is estimated from the Labor Force Survey at 2.3%, which is the lowest figure ever . The unemployment rate fell by 0.4 percentage points (pp) for the quarter and by 1.2 percent for the year, marking a return to the lows observed in 2019. The annual change was statistically significant and probably reflects real changes.
- The share of workers aged 16 to 64 (employment rate) increased by 1.5 percentage points over the quarter, by 2.0 percentage points over the year, to 72.2%. The quarterly change was statistically significant. The total number of hours worked per week in NI (28.8 million) increased by 6.4% for the quarter, by 9.9% for the year.
- The level of economic inactivity (the share of people aged 16 to 64 who do not work and are not looking for or not available for work) decreased for the quarter and for the year by 1.2 percentage points. to 26.0%. Neither quarterly nor annual changes were statistically significant.
- Employee performance remains positive when the number of employees and the level of wages is higher than before the pandemic. The employment rate (which includes the self-employed) and the total number of hours worked almost returned to pre-pandemic levels during the last quarter, while the number of applicants and economic inactivity remain above pre-pandemic levels. It is noteworthy that the unemployment rate is the lowest in the record, which means a return to the lowest rates observed in 2019.
- The latest HMRC wage data was the highest recorded level in April and 3.0% higher than in March 2020 before COVID-19. A closer look at the annual increase (4.5%) in employment shows that the Housing and Catering and Arts, Entertainment and Leisure sectors recorded the highest percentage increase for the year (17%).
- In the first four months of 2022, the number of confirmed layoffs (170) was the lowest in four months. The proposed dismissal for the last twelve months (2210) was 76% less than for the previous twelve months.
- The Labor Force Survey shows a statistically significant reduction in the unemployment rate for the year to January-March 2022 to 2.3% (1.2 percentage points). The change in the employment rate for the quarter is also statistically significant, increasing by 1.5 percentage points. to 72.2%.
- Compared to the pre-pandemic level, the total number of hours worked in January-March 2022 was 1.1% lower, while the employment rate was lower by 0.2%. Similarly, the level of economic inactivity remains at 0.2 percentage points. above the position before the pandemic.