The Gross Domestic Product (GDP) in Blaby was worth an estimated £4.1 billion in 2019, according to figures published by the ONS. Blaby's GDP growth between 2018 and 2019 was -0.3% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Blaby based on the number of jobs, accounting for 20.1% of roles in the area.
2019 ONS figures suggest that there are 68,000 jobs in Blaby, which has a working-age (aged 16-65) population of 61,757. The 2019 job density in Blaby is 1.10, meaning there are 1.10 jobs per member of the Blaby working-age population.
Blaby had a mean average salary for full-time employees of £34,368 in 2021. Blaby's unemployment rate is 14.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Blaby is 61,757 or 60.6% of the total population.
In 2021, 85.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 7.0% are self-employed, and 93.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Blaby working-age (aged 16-64) population who have a degree or higher is 47.9%, which is above the 42.8% degree qualification rate for England.
Over 68% of the Blaby working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Main page: Blaby Salary
The average salary in Blaby as of 2021 is £34,368. Between 2020 and 2021, average salaries fell by £1,225. Compare average salaries by area.
Blaby's salary growth rate is -3.44% per year based on changes in average salary between 2020 and 2021, which is 3.44% lower than the average salary growth rate in Blaby over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Blaby is Corporate Managers And Directors, accounting for 15% of all roles in the area. In England as a whole, the largest job group is Business & Public Service Assoc. Professionals.
The fastest-growing type of job in Blaby is Elementary Administration & Service Occs, with roles increasing 126% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||6,400||15.2%||77.8%|
|Business & Public Service Assoc. Professionals||4,500||10.7%||-22.4%|
|Elementary Administration & Service Occs||4,300||10.2%||126.3%|
|Caring Personal Service Occupations||3,800||9.0%||-50.6%|
There was a 6% decrease in roles between 2019 and 2020. In England as a whole, there was a 2% decrease.
Based on the total number of jobs, the largest industry in Blaby is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Retail, which represents over 10% of roles in Blaby.
Financial & Insurance companies make up 4% of the Blaby economy that's higher than the average for England as a whole (~3%).
2% of the total jobs in Blaby are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||12,000||20.1%|
The fastest-growing industry in Blaby is Property, with jobs in the sector increasing 67% between 2019 and 2020 from 600 to 1,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Blaby between 2019 and 2020 was Public administration & defence, which saw an 43% decrease in roles, going from 7,000 to 4,000. In England more broadly the industry with the biggest year on year decline was Arts, entertainment & recreation, with roles decreasing by 8%.
The Information and communication industry includes many of the top companies of the future. In Blaby, the number of roles in this sector has risen by 25% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 20 large businesses in Blaby, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 70 medium-sized businesses based in Blaby, making up 1.6% of total businesses - in England, 1.5% of businesses are medium-sized. A medium-sized business is defined as having between 50 and 249 employees.
There are 355 small businesses based in Blaby, making up 8.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Blaby's unemployment rate is 14.2% that's 9% higher than the average unemployment rate for England as a whole. Unemployment rates are the number of unemployed people as a percentage of the working-age population.
The main group within the unemployment population is Looking After Family, representing 32.6% of the unemployed population.
Secondary classifications include groups: student, long-term sick, retired, all of which represent over 10% of the unemployed population.
In England as a whole, students are the main group within the unemployed population, accounting for 28.9% of the unemployed population.
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics