The Gross Domestic Product (GDP) in Bury was worth an estimated £4.2 billion in 2019, according to figures published by the ONS. Bury's GDP growth between 2018 and 2019 was 4.8% per year. Compare GDP by area.
The Health industry is the largest in Bury based on the number of jobs, accounting for 17.9% of roles in the area.
2019 ONS figures suggest that there are 86,000 jobs in Bury, which has a working-age (aged 16-65) population of 116,957. The 2019 job density in Bury is 0.74, meaning there are 0.74 jobs per member of the Bury working-age population.
Bury had a mean average salary for full-time employees of £29,473 in 2021. Bury's unemployment rate is 5.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Bury is 116,957 or 61.3% of the total population.
In 2021, 94.2% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 13.3% are self-employed, and 86.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Bury working-age (aged 16-64) population who have a degree or higher is 41.3%, which is below the 42.8% degree qualification rate for England.
Over 62% of the Bury working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
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Main page: Bury Salary
The average salary in Bury as of 2021 is £29,473. Between 2020 and 2021, average salaries fell by £1,736. Compare average salaries by area.
Bury's salary growth rate is -5.56% per year based on changes in average salary between 2020 and 2021, which is 5.56% lower than the average salary growth rate in Bury over the past 7 years.
Business data published by the ONS in 2020 show the most common job group in Bury is Administrative Occupations, accounting for 11% 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 Bury is Leisure, Travel And Related Personal Service Occs, with roles increasing 109% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||8,400||9.5%||-6.7%|
|Corporate Managers And Directors||8,000||9.1%||-13.0%|
|Elementary Administration & Service Occs||5,700||6.5%||-18.6%|
There was a 10% 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 Bury is Health. Other major industries include Manufacturing, Retail, Education, which represents over 10% of roles in Bury.
Financial & Insurance companies make up 1% of the Bury economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Bury 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||4,500||6.7%|
The fastest-growing industry in Bury is Education, with jobs in the sector increasing 17% between 2019 and 2020 from 6,000 to 7,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Bury between 2019 and 2020 was Transport & storage, which saw an 50% decrease in roles, going from 6,000 to 3,000. 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 Bury, 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 20 large businesses in Bury, making up 0.3% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 90 medium-sized businesses based in Bury, making up 1.1% 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 620 small businesses based in Bury, making up 7.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Bury's unemployment rate is 5.8% that's 1% 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 Student, representing 35.8% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, retired, 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