Doubling down on the Economic Vision will support the achievement of around one million jobs across Northern Ireland, as highlighted in the newly launched Northern Ireland Skills Barometer 2023-2033.
Pictured at the launch of the Northern Ireland Skills Barometer are Kathleen O’Hare, Chair, NI Skills Council, Mark Magill, Ulster University Principal Economist, Prof. Paul Bartholomew, Ulster University Vice-Chancellor, and Suzanne Wylie, CEO, NI Chamber.
Developed by the Ulster University Economic Policy Centre, the Skills Barometer provides a comprehensive assessment of future skills needs and gaps within the local economy over the next decade.
The report highlights key challenges, including the impact of an ageing population on the labour market. The number of young people entering the workforce is not expected to meet rising job demand, leading to a potential shortfall across all skill levels. Brexit-related recruitment constraints further emphasise the importance of supporting individuals facing barriers to employment or training.
Addressing this challenge requires both upskilling those currently out of work and ensuring better support for employees already in the workforce. Employers must also be equipped with the necessary advice and resources to attract and retain talent.
The report projects that Northern Ireland’s workforce will grow to approximately one million jobs by 2033, with an additional 79,000 jobs created over the decade.
Key findings include:
- Strong growth is expected in priority sectors such as agri-tech, life & health sciences, advanced manufacturing, fintech, software & cyber, screen industries, and low carbon/net zero.
- Increasing labour force participation is essential to meet business growth objectives.
- A skills shortage of approximately 5,400 individuals per year is anticipated under a high-growth scenario, reinforcing the need for sustained investment in education and training.
Mark Magill, Senior Economist at Ulster University and author of the report, emphasised the need for continued investment in skills to address labour market challenges. He highlighted the importance of aligning education and training with industry demands, particularly in STEM, digital skills, and lifelong learning, to build a resilient and competitive workforce.
The Skills Barometer provides a crucial evidence base for shaping Northern Ireland’s Skills Strategy and driving long-term economic growth. The full report, slide pack, and infographic are available on the Department for the Economy website.