The Bank's report came on the day that the Office for National Statistics said that the UK unemployment rate fell to 7.8% in the July-September quarter, down from 8% in the previous three months.
This represented 8.5% of the workforce - higher than the UK average unemployment rate of 7.7%.
The survey comes just days after official figures showed the UK's unemployment rate had risen to the highest level for 16 years.
The unemployment rate in the UK currently stands at 8.2%, with 2.61 million people of out work.
The unemployment rate in the UK currently stands at 7.8%, after August to September saw the biggest quarterly fall in the number of people out of work since 2001.
The unemployment rate in five other UK regions is higher than the local rate: North East (9.3%), London (7.3%), Scotland (6.7%), Wales (6.2%) and Yorkshire and Humber (6.2%).
Despite the further reduction in May, Plaid Cymru economy spokesman Alun Ffred Jones said at 8.2% the unemployment rate was still far higher in Wales than the UK average - 7.8%.
"The decrease in the unemployment rate is welcome and the latest labour market figures for Northern Ireland continue to demonstrate that our current unemployment rate compares favourably to the equivalent rates for the UK, European Union and Republic of Ireland, " she said.
He also stressed the unemployment rate in Scotland was still lower than that for the UK as whole.
The Scottish unemployment rate was 7.9% - below the UK average of 8.1%.
The Labour Force Survey of unemployment for November 2011 to January 2012 is also below the UK rate of 8.4%.
The Scottish unemployment rate currently stands at 7.6%, below the UK average of 7.8%.
The Scottish unemployment rate now stands at 7.6%, below the UK average of 7.8%.
Figures from the Office for National Statistics last week showed the UK's jobless figure fell to 7.9%, in contrast the unemployment rate in Hull stands at 15.8%.
BBC: Do job losses mean the Humber region remains in recession?
The Scottish unemployment rate now stands at 8.0%, which is above the UK rate of 7.9%.
The Scottish unemployment rate now stands at 8.2%, which is above the UK average of 8.1%.
However, the Scottish unemployment rate now stands at 7.6%, slightly lower than the UK rate of 7.8%.
Figures released on Wednesday showed that the number of people out of work in the UK fell by 46, 000 to 2.56 million in the three months to June, with the unemployment rate dropping to 8%.
"The rate of unemployment in Northern Ireland (7.9%) was similar to that in the UK (7.8%), and still compares favourably to the rates in the European Union (10.7%) and the Republic of Ireland (14.7%), " she added.
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