Unemployment in Londonderry reaches crisis point

In Londonderry, unemployment has reached over eight percent and more people than ever before are claiming unemployment benefits. Compared with last year the number of people who have had to sign on the dole because they have lost their jobs has increased by over half a percent.

Other areas haven’t done so badly, but they have all seen an increased amount of unemployment. Northern Ireland is currently seeing some of the worst unemployment figures that they have for many years, however there have been small amounts of improvement in recent months.

Figures for the labour market in Northern Ireland have recently shown that around seven percent of people are on the dole. This is significantly higher than the average number of people who were unemployed and taking the doll in the past.

The report showed that Northern Ireland is worse off overall, but there are also some areas in the country which are significantly worse even when compared to the whole of Northern Ireland. An eight percent unemployment rate is significant and does not bode well for the future of the economy and employment situation in Northern Ireland.

The Minister for Enterprise is Arlene Foster and she has stated, “This is obviously quite troubling news, but we are pleased to see that the amount of overall unemployment has fallen in the first quarter of 2012, when compared to the last quarter of 2011.

We are also pleased to see that our unemployment rate is slightly better than that for the rest of the UK, the Republic of Ireland as well as the European Union.” Ireland’s unemployment rate is currently at nearly 15 percent, which is significantly higher than that of the UK at just over eight percent, and the European Union, which is just over 10 percent.