Cheshire West and Chester's economy ranks among the most prosperous in England.
The Gross Domestic Product (GDP) in Cheshire West and Chester was worth an estimated £12 billion in 2019, according to figures published by the ONS. Cheshire West and Chester's GDP growth between 2018 and 2019 was -0.4% per year. Compare GDP by area.
The Retail industry is the largest in Cheshire West and Chester based on the number of jobs, accounting for 13.4% of roles in the area.
2019 ONS figures suggest that there are 201,000 jobs in Cheshire West and Chester, which has a working-age (aged 16-65) population of 206,998. The 2019 job density in Cheshire West and Chester is 0.97, meaning there are 0.97 jobs per member of the Cheshire West and Chester working-age population.
Cheshire West and Chester had a mean average salary for full-time employees of £36,474 in 2021. Cheshire West and Chester's unemployment rate is 3.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Cheshire West and Chester is 206,998 or 60.2% of the total population.
In 2021, 97.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 11.7% are self-employed, and 88.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Cheshire West and Chester working-age (aged 16-64) population who have a degree or higher is 45.4%, which is above the 42.8% degree qualification rate for England.
Over 66% of the Cheshire West and Chester working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Cheshire West and Chester Salary
The average salary in Cheshire West and Chester as of 2021 is £36,474. Between 2020 and 2021, average salaries grew by £3,988. Compare average salaries by area.
Cheshire West and Chester's salary growth rate is 12.28% per year based on changes in average salary between 2020 and 2021, which is 12.28% higher than the average salary growth rate in Cheshire West and Chester over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Cheshire West and Chester is Corporate Managers And Directors, accounting for 10% 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 Cheshire West and Chester is Teaching And Educational Professionals, with roles increasing 150% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||17,700||10.3%||-18.8%|
|Business, Media And Public Service Professionals||14,300||8.3%||83.3%|
|Science, Research, Engineering And Technology Profs||13,400||7.8%||42.6%|
|Business & Public Service Assoc. Professionals||10,600||6.2%||-36.5%|
There was a 2% 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 Cheshire West and Chester is Retail. Other major industries include Health, which represents over 10% of roles in Cheshire West and Chester.
Financial & Insurance companies make up 6% of the Cheshire West and Chester economy that's higher than the average for England as a whole (~3%).
3% of the total jobs in Cheshire West and Chester 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||16,000||9.3%|
The fastest-growing industry in Cheshire West and Chester is Information & Communication, with jobs in the sector increasing 13% between 2019 and 2020 from 4,000 to 4,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Cheshire West and Chester between 2019 and 2020 was Wholesale, which saw an 17% decrease in roles, going from 6,000 to 5,000. 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 Cheshire West and Chester, the number of roles in this sector has risen by 13% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 60 large businesses in Cheshire West and Chester, 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 220 medium-sized businesses based in Cheshire West and Chester, 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 1,220 small businesses based in Cheshire West and Chester, making up 8.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Cheshire West and Chester's unemployment rate is 3.0% that's 2% 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 Retired, representing 36.5% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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