The Gross Domestic Product (GDP) in Charnwood was worth an estimated £4.2 billion in 2019, according to figures published by the ONS. Charnwood's GDP growth between 2018 and 2019 was 2.3% per year. Compare GDP by area.
The Education industry is the largest in Charnwood based on the number of jobs, accounting for 15.5% of roles in the area.
2019 ONS figures suggest that there are 77,000 jobs in Charnwood, which has a working-age (aged 16-65) population of 122,270. The 2019 job density in Charnwood is 0.63, meaning there are 0.63 jobs per member of the Charnwood working-age population.
Charnwood had a mean average salary for full-time employees of £36,380 in 2021. Charnwood's unemployment rate is 4.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Charnwood is 122,270 or 64.9% of the total population.
In 2021, 96.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 12.7% are self-employed, and 87.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Charnwood working-age (aged 16-64) population who have a degree or higher is 38.1%, which is below the 42.8% degree qualification rate for England.
Over 61% of the Charnwood working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Main page: Charnwood Salary
The average salary in Charnwood as of 2021 is £36,380. Between 2020 and 2021, average salaries fell by £435. Compare average salaries by area.
Charnwood's salary growth rate is -1.18% per year based on changes in average salary between 2020 and 2021, which is 1.18% lower than the average salary growth rate in Charnwood over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Charnwood 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 Charnwood is Other Managers And Proprietors, with roles increasing 75% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||9,700||10.3%||38.6%|
|Business & Public Service Assoc. Professionals||9,200||9.7%||-9.8%|
|Elementary Administration & Service Occs||7,700||8.1%||-6.1%|
|Science, Research, Engineering And Technology Profs||6,000||6.3%||57.9%|
There was a 6% 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 Charnwood is Education. Other major industries include Manufacturing, which represents over 10% of roles in Charnwood.
Financial & Insurance companies make up 1% of the Charnwood economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Charnwood 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||6,000||8.4%|
The fastest-growing industry in Charnwood is Information & Communication, with jobs in the sector increasing 71% between 2019 and 2020 from 1,750 to 3,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Charnwood between 2019 and 2020 was Business administration & support, which saw an 22% decrease in roles, going from 4,500 to 3,500. 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 Charnwood, the number of roles in this sector has risen by 71% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 25 large businesses in Charnwood, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 115 medium-sized businesses based in Charnwood, making up 1.7% 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 660 small businesses based in Charnwood, making up 10.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Charnwood's unemployment rate is 4.0% that's 1% lower 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 29.5% of the unemployed population.
Secondary classifications include groups: student, 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