The Gross Domestic Product (GDP) in Cannock Chase was worth an estimated £2.5 billion in 2019, according to figures published by the ONS. Cannock Chase's GDP growth between 2018 and 2019 was -0.4% per year. Compare GDP by area.
The Transport & storage industry is the largest in Cannock Chase based on the number of jobs, accounting for 12.8% of roles in the area.
2019 ONS figures suggest that there are 48,000 jobs in Cannock Chase, which has a working-age (aged 16-65) population of 63,714. The 2019 job density in Cannock Chase is 0.75, meaning there are 0.75 jobs per member of the Cannock Chase working-age population.
Cannock Chase had a mean average salary for full-time employees of £29,667 in 2021. Cannock Chase's unemployment rate is 6.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Cannock Chase is 63,714 or 62.8% of the total population.
In 2021, 93.1% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 14.9% are self-employed, and 85.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Cannock Chase working-age (aged 16-64) population who have a degree or higher is 30.8%, which is below the 42.8% degree qualification rate for England.
Over 48% of the Cannock Chase working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Cannock Chase Salary
The average salary in Cannock Chase as of 2021 is £29,667. Between 2020 and 2021, average salaries grew by £1,027. Compare average salaries by area.
Cannock Chase's salary growth rate is 3.59% per year based on changes in average salary between 2020 and 2021, which is 3.59% higher than the average salary growth rate in Cannock Chase over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Cannock Chase is Administrative Occupations, accounting for 12% 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 Cannock Chase is Sales Occupations, with roles increasing 38% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Other Managers And Proprietors||5,000||11.9%|
|Elementary Administration & Service Occs||4,900||11.6%||-2.0%|
|Skilled Construction And Building Trades||4,700||11.2%||-11.3%|
|Business & Public Service Assoc. Professionals||4,000||9.5%|
There was a 3% 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 Cannock Chase is Transport & storage. Other major industries include Manufacturing, Retail, which represents over 10% of roles in Cannock Chase.
Financial & Insurance companies make up 1% of the Cannock Chase economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Cannock Chase 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||5,000||12.8%|
The fastest-growing industry in Cannock Chase is Professional, Scientific & Technical, with jobs in the sector increasing 17% between 2019 and 2020 from 1,500 to 1,750. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Cannock Chase between 2019 and 2020 was Property, which saw an 25% decrease in roles, going from 400 to 300. 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 Cannock Chase, 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 10 large businesses in Cannock Chase, 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 35 medium-sized businesses based in Cannock Chase, making up 1.0% 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 345 small businesses based in Cannock Chase, making up 10.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Cannock Chase's unemployment rate is 6.9% 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 Retired, representing 36.6% of the unemployed population.
Secondary classifications include one group: long-term sick, 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