Northern Ireland jobs market shows signs of weakening

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The number of people on company payrolls was 805,300 last month, a slight decrease from September.

Northern Ireland's jobs market has shown some signs of weakening in October, according to official figures.

However, Northern Ireland was the lowest earning region in the UK last month, with UK average typical monthly pay at £2,438 in October.The unemployment rate for July to September was 2%, unchanged from the previous quarter and a slight decrease on the same time last year. Every month the bank asks firms across the private sector about things like staffing levels, order books and exports in what is considered to be a reliable indicator of economic performance.

"The latter rose solidly, despite ongoing reports from firms of difficulties recruiting staff amid a shortage of suitable candidates.

 

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