The Gross Domestic Product (GDP) in Bolsover was worth an estimated £2.4 billion in 2019, according to figures published by the ONS. Bolsover's GDP growth between 2018 and 2019 was 3.6% per year. Compare GDP by area.
The Manufacturing industry is the largest in Bolsover based on the number of jobs, accounting for 16.8% of roles in the area.
2019 ONS figures suggest that there are 32,000 jobs in Bolsover, which has a working-age (aged 16-65) population of 50,518. The 2019 job density in Bolsover is 0.63, meaning there are 0.63 jobs per member of the Bolsover working-age population.
Bolsover had a mean average salary for full-time employees of £29,877 in 2021. Bolsover's unemployment rate is 7.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Bolsover is 50,518 or 62.1% of the total population.
In 2021, 92.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 10.1% are self-employed, and 89.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Bolsover working-age (aged 16-64) population who have a degree or higher is 21.0%, which is below the 42.8% degree qualification rate for England.
Over 37% of the Bolsover working-age population have at least 2 A-levels (or equivalent), and 9% have no qualifications.
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Main page: Bolsover Salary
The average salary in Bolsover as of 2021 is £29,877. Between 2020 and 2021, average salaries fell by £4,416. Compare average salaries by area.
Bolsover's salary growth rate is -12.88% per year based on changes in average salary between 2020 and 2021, which is 12.88% lower than the average salary growth rate in Bolsover over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Bolsover is Caring Personal Service Occupations, accounting for 26% 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 Bolsover is Health Professionals, with roles increasing between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||4,700||25.8%||-29.9%|
|Elementary Administration & Service Occs||3,500||19.2%|
|Health & Social Care Assoc. Professionals||2,500||13.7%||-34.2%|
|Transport & Mobile Machine Drivers/operatives||2,400||13.2%||-29.4%|
There was a 0% increase 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 Bolsover is Manufacturing. Other major industries include Retail, Transport & Storage, which represents over 10% of roles in Bolsover.
Financial & Insurance companies make up 1% of the Bolsover economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Bolsover are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||3,500||11.8%|
|Professional, Scientific & Technical||2,500||8.4%|
The fastest-growing industry in Bolsover is Manufacturing, with jobs in the sector increasing 25% between 2019 and 2020 from 4,000 to 5,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Bolsover between 2019 and 2020 was Professional, scientific & technical, which saw an 29% decrease in roles, going from 3,500 to 2,500. 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 Bolsover, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 15 large businesses in Bolsover, making up 0.7% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 60 medium-sized businesses based in Bolsover, making up 2.6% 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 220 small businesses based in Bolsover, making up 9.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Bolsover's unemployment rate is 7.3% that's 2% 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 26.6% of the unemployed population.
Secondary classifications include groups: long-term sick, other, 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