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16 July 2019

Record employment rate should not allow for complacency

Commenting on the release of the latest employment figures, FSB NI Head of External Affairs, Roger Pollen, has said that while the record employment rate is to be welcomed, it will be difficult to sustain continued job creation unless political and economic certainty is provided soon.

Commenting, Roger Pollen, said:

“We can take encouragement from these figures; our employment rate is at an all-time high, whilst the economic inactivity rate is beginning to decrease. However, the economically inactive figure - which includes those not in work nor seeking employment – remains stubbornly high and needs particular focus if we are to help more people back into the workplace.

“These figures should not allow for complacency, several economic indices have indicated signs of a slow-down ahead, including FSB’s most recent Small Business Index, which showed investment intentions at a two-year low.

“It is incumbent on the next Prime Minister to work constructively to end the Brexit stalemate, while our local politicians must strive to restore devolved government as soon as possible.

“A stable political and economic environment is vital if our local SMEs are to continue to drive growth and create jobs in communities.”