Northern Ireland’s economy is projected to require over 5,000 additional workers each year to maintain its growth, according to a recent report, underscoring a potential skills gap that could impede economic development in the region.
The study, conducted by Ulster University’s Economic Policy Centre, identifies a significant future demand for skilled workers, highlighting an expected shortfall in the labor market. According to BBC News, the report details the types of skills employers will need and how this gap could limit growth.
The findings suggest that approximately 8,000 new jobs must be created annually over the next decade to meet high-growth forecasts. However, the report warns that a shortage of 5,440 workers annually could prevent Northern Ireland from reaching its employment goals. To address this shortfall, the report advocates for an increase in migrant labor.
High-Demand Jobs and Key Growth Sectors
The report highlights that high-value roles, particularly in fields like data analytics, cybersecurity, and IT, will see the most growth. These positions typically require advanced qualifications and are associated with higher wages and productivity levels. Furthermore, the health sector is expected to experience the largest overall employment growth due to increased government spending aimed at alleviating pressure on the healthcare system. Specifically, jobs in care and home care are predicted to increase by more than 4,000 positions over the next decade.
On the other hand, retail employment is expected to remain stable, with minimal growth anticipated due to trends like automation and the growth of online shopping.
Economics student Anna Dukelow, from Ulster University, noted that understanding the demand for certain jobs influenced her decision to pursue a degree in one of the STEAM (Science, Technology, Engineering, Arts, and Mathematics) subjects. She explained, “Business was up there with the undersupplied, so I thought I would go with one of the STEAM subjects.” Dukelow added that although many of her friends had moved away, she decided to stay and build her career in Northern Ireland.
Rachel Huddleston, also a student, emphasized the importance of balancing personal interests with market demand. “It’s about finding that balance between being good at what you’re doing and knowing what opportunities are out there,” Huddleston said.
Ageing Population and the Need for Training
Economy Minister Caoimhe Archibald responded to the findings by acknowledging the challenges posed by an ageing population in Northern Ireland. “The number of young people entering the labor market isn’t enough to meet the rising demand for jobs,” she explained.
Archibald emphasized the need to address the workforce shortage by supporting individuals who face barriers to work or training and by upskilling those already employed. She also pointed out that Brexit has limited recruitment opportunities from the EU, making local solutions even more critical.
This report from Ulster University serves as a powerful reminder that addressing workforce shortages in Northern Ireland is essential to securing the region’s economic future and success.