📈 Employment Growth in Northern Ireland: The Latest Trends Employment in Northern Ireland remains at a record high, with the latest Quarterly Employment Survey (QES) reporting 831,780 employee jobs in September 2024—an increase of over 9,000 jobs compared to the same time last year. 🚀 Key highlights: ✅ Sector Growth: - Services and construction led the way, adding approximately 5,000 and 3,000 jobs, respectively. - Manufacturing saw modest growth with 330 new jobs, while other industries added 450 positions. ✅ Growth Leveling Off: - While employment growth has been robust over the year, data from HMRC suggests a slowdown in recent months, with payrolled jobs showing little change between July and November. ✅ Economic Outlook: - Danske Bank forecasts modest economic growth of 1.1% for 2024, with an expected uptick to 1.4% in 2025. - The Ulster University Economic Policy Centre is slightly more optimistic, projecting 1.9% growth this year. - Challenges remain, including high interest rates, increased taxes, and ongoing pressures on businesses. What does this mean for the job market in Northern Ireland? While job creation continues, employers and job seekers may face a more competitive landscape as growth slows. At JobHuntNI, we’re here to help you navigate these changes. Whether you’re a candidate looking for the right opportunity or a recruiter aiming to attract top talent, we’re committed to supporting your journey in this dynamic market. Follow us for more insights and updates on employment trends in Northern Ireland. Let’s work together to shape the future of work! 💼 #JobHuntNI #NorthernIrelandJobs #EmploymentTrends #EconomicOutlook
