Clodagh Rice

1 week ago | bbc.com | Clodagh Rice

Clodagh RiceBBC News NI business correspondentThe proportion of people who are unemployed in Northern Ireland has remained at a record low, the latest figures have shown. Between December and February unemployment stood at 1.5%, which is the lowest rate in the UK. But the proportion of people in work - the employment rate - also decreased over the year to 71.3%.

1 week ago | bbc.com | Clodagh Rice

Clodagh RiceBBC News NI Business CorrespondentHousehold disposable incomes in Northern Ireland are lower than in the Republic of Ireland, a study has suggested. A report by the Economic and Social Research Institute (ESRI) and the Department of the Taoiseach's Shared Island Unit has compared the two economies. The report recognises structural differences make it difficult to compare the economies, including Northern Ireland being a regional economy and the "significant" impact of the Troubles.

2 weeks ago | bbc.com | Clodagh Rice

'Governments have work to do' on potential Trump tariff effectsClodagh RiceBBC News NI business correspondentReutersPolitical leaders have a "job of work to do" to ensure US tariffs do not lead to unintended negative consequences for businesses, the head of Northern Ireland's Chamber has said. Suzanne Wylie said the tariffs announcement "delivered big changes which present a real and substantial test for Northern Ireland businesses".

2 weeks ago | bbc.com | Clodagh Rice

NI business leaders share concerns over Trump tariffsClodagh RiceBBC News NI business correspondentGetty ImagesUS President Donald Trump announced the trade tariffs last weekBusiness leaders have met with Economy Minister Caoimhe Archibald to express concerns over the potential impact US President Donald Trump's tariffs could have on the Northern Ireland economy. Archibald said she has been engaging with both the British and Irish governments on the trading circumstances.

3 weeks ago | bbc.com | Clodagh Rice

How much more will low paid workers get in their wages? Clodagh RiceBBC News NI business correspondentPA MediaThe amount of an increase in wages will depend on ageUp to 170,000 of the lowest paid workers in Northern Ireland are due to receive a pay rise on Tuesday. The National Living Wage paid to over-21s is going up by 6.7%, from £11.44 to £12.21 per hour. The National Minimum Wage for 18 to 20-year-olds is increasing by 16%, from £8.60 to £10 per hour.