Economic system Minister Gordon Lyons has welcomed the publication of the up to date Northern Eire Expertise Barometer.
The Barometer was commissioned by the Division for the Economic system to offer a greater understanding of the longer term abilities wants throughout the native economic system and is produced by economists in Ulster College’s Financial Coverage Centre.
Talking after the publication, the Minister mentioned:
“I welcome the publication of the newest Expertise Barometer from Ulster College’s Financial Coverage Centre. As set out in my session on the brand new Expertise Technique – ‘Expertise for a 10X Economic system’ – this analysis gives us with an up-to-date evaluation of the longer term abilities wanted in our economic system and stays central to our proof base. The Barometer clearly illustrates that funding in abilities is worth it, main to higher employment prospects and better earnings.”
The Minister added:
“The Barometer outlines some clear challenges, for instance, how demographic traits will create labor provide challenges over the approaching decade and in doing so underpins the necessity for considered one of my key abilities coverage goals to ‘create a tradition of lifelong studying’. It additionally gives clear proof on the digital abilities problem which we should deal with urgently to make sure our folks and companies can attain their potential. My officers are persevering with to work with the specialists from the Financial Coverage Centre, representatives of enterprise, commerce unions and schooling establishments to make sure we develop a abilities system matched to the wants of a globally aggressive small superior economic system.
“Addressing the abilities imbalances is vital to driving financial development and delivering on our societal ambitions. We should guarantee individuals are geared up to satisfy the altering calls for of the labor market now, and sooner or later, as we attempt to turn out to be one of many main small economies of the world. I’m assured the newest version of the Expertise Barometer will assist folks to make profession and topic decisions and in flip help companies as we construct the pathway to a 10X economic system.”
Introducing the analysis, Mark Magill, Senior Economist at Ulster College’s Financial Coverage Middle (UUEPC) mentioned:
“The Expertise Barometer is considered one of UUEPC’s flagship publications. The 2021 replace is the fourth Expertise Barometer publication and the demand for schooling and abilities data stays very excessive. It has been heartening to see the analysis being extensively used to assist information coverage, to tell careers steerage, form curriculum design and used for technique growth by enterprise organisations.”
Notes to editors:
1. The earlier three iterations of the Northern Eire Expertise Barometer had been printed in 2019, 2017 and 2015.
2. Particulars of the Expertise Barometer can be found on the DfE web site
3. To maintain updated with information from the Division you’ll be able to observe us on the next social media channels:
4. For media inquiries contact the Division for the Economic system Press Workplace at pressoffice@economy-ni.gov.uk
5. The Government Data Service operates an out of hours service for media inquiries solely between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The obligation press officer might be contacted on 028 9037 8110.
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