The Gross Domestic Product (GDP) in East Cambridgeshire was worth an estimated £2.3 billion in 2019, according to figures published by the ONS. East Cambridgeshire's GDP growth between 2018 and 2019 was 4.4% per year. Compare GDP by area.
The Business administration & support industry is the largest in East Cambridgeshire based on the number of jobs, accounting for 11.4% of roles in the area.
2019 ONS figures suggest that there are 40,000 jobs in East Cambridgeshire, which has a working-age (aged 16-65) population of 53,962. The 2019 job density in East Cambridgeshire is 0.74, meaning there are 0.74 jobs per member of the East Cambridgeshire working-age population.
East Cambridgeshire had a mean average salary for full-time employees of £36,998 in 2021. East Cambridgeshire's unemployment rate is 2.9% as of 2017. Compare unemployment rate by area.
The 2019 labour force or working-age population in East Cambridgeshire is 53,962 or 59.8% of the total population.
In 2021, 97.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 8.9% are self-employed, and 91.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the East Cambridgeshire working-age (aged 16-64) population who have a degree or higher is 37.7%, which is below the 42.8% degree qualification rate for England.
Over 59% of the East Cambridgeshire working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: East Cambridgeshire Salary
The average salary in East Cambridgeshire as of 2021 is £36,998. Between 2020 and 2021, average salaries grew by £427. Compare average salaries by area.
East Cambridgeshire's salary growth rate is 1.17% per year based on changes in average salary between 2020 and 2021, which is 1.17% higher than the average salary growth rate in East Cambridgeshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in East Cambridgeshire is Science, Research, Engineering And Technology Profs, accounting for 17% 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 East Cambridgeshire is Business & Public Service Assoc. Professionals, with roles increasing 139% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||6,600||16.8%||-2.9%|
|Caring Personal Service Occupations||4,700||11.9%||-4.1%|
|Business & Public Service Assoc. Professionals||4,300||10.9%||138.9%|
|Skilled Construction And Building Trades||4,200||10.7%||40.0%|
There was a 1% 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 East Cambridgeshire is Business administration & support.
Financial & Insurance companies make up 1% of the East Cambridgeshire economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in East Cambridgeshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||4,000||11.4%|
The fastest-growing industry in East Cambridgeshire is Retail, with jobs in the sector increasing 20% between 2019 and 2020 from 2,500 to 3,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in East Cambridgeshire between 2019 and 2020 was Arts, entertainment & recreation, which saw an 22% decrease in roles, going from 2,250 to 1,750. 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 East Cambridgeshire, 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 15 large businesses in East Cambridgeshire, 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 55 medium-sized businesses based in East Cambridgeshire, making up 1.4% 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 325 small businesses based in East Cambridgeshire, making up 8.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
East Cambridgeshire's unemployment rate is 2.9% 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 Looking After Family, representing 26.1% of the unemployed population.
Secondary classifications include groups: student, 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