The Gross Domestic Product (GDP) in Dudley was worth an estimated £6.4 billion in 2019, according to figures published by the ONS. Dudley's GDP growth between 2018 and 2019 was 2.0% per year. Compare GDP by area.
The Health industry is the largest in Dudley based on the number of jobs, accounting for 16.8% of roles in the area.
2019 ONS figures suggest that there are 132,000 jobs in Dudley, which has a working-age (aged 16-65) population of 194,465. The 2019 job density in Dudley is 0.68, meaning there are 0.68 jobs per member of the Dudley working-age population.
Dudley had a mean average salary for full-time employees of £34,026 in 2021. Dudley's unemployment rate is 5.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Dudley is 194,465 or 60.3% of the total population.
In 2021, 94.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.0% are self-employed, and 87.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Dudley working-age (aged 16-64) population who have a degree or higher is 30.9%, which is below the 42.8% degree qualification rate for England.
Over 49% of the Dudley working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
Main page: Dudley Salary
The average salary in Dudley as of 2021 is £34,026. Between 2020 and 2021, average salaries grew by £811. Compare average salaries by area.
Dudley's salary growth rate is 2.44% per year based on changes in average salary between 2020 and 2021, which is 2.44% higher than the average salary growth rate in Dudley over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Dudley is Business & Public Service Assoc. Professionals, accounting for 9% 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 Dudley is Textiles, Printing And Other Skilled Trades, with roles increasing 120% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||13,700||9.2%||82.7%|
|Caring Personal Service Occupations||12,100||8.1%||9.0%|
|Elementary Administration & Service Occs||10,600||7.1%||-23.7%|
|Teaching And Educational Professionals||10,100||6.8%||3.1%|
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 Dudley is Health. Other major industries include Manufacturing, Retail, which represents over 10% of roles in Dudley.
Financial & Insurance companies make up 1% of the Dudley economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Dudley are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
The fastest-growing industry in Dudley is Transport & Storage, 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 Dudley between 2019 and 2020 was Manufacturing, which saw an 17% decrease in roles, going from 18,000 to 15,000. 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 Dudley, 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 35 large businesses in Dudley, 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 160 medium-sized businesses based in Dudley, 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 1,025 small businesses based in Dudley, 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.
Dudley's unemployment rate is 5.1% that's 0% 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 Student, representing 30.5% 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