The Gross Domestic Product (GDP) in Essex was worth an estimated £42 billion in 2019, according to figures published by the ONS. Essex's GDP growth between 2018 and 2019 was 2.8% per year. Compare GDP by area.
The Health industry is the largest in Essex based on the number of jobs, accounting for 13.6% of roles in the area.
2019 ONS figures suggest that there are 715,000 jobs in Essex, which has a working-age (aged 16-65) population of 903,757. The 2019 job density in Essex is 0.79, meaning there are 0.79 jobs per member of the Essex working-age population.
Essex had a mean average salary for full-time employees of £36,281 in 2021. Essex's unemployment rate is 4.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Essex is 903,757 or 60.3% of the total population.
In 2021, 95.7% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.9% are self-employed, and 86.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Essex working-age (aged 16-64) population who have a degree or higher is 35.0%, which is below the 42.8% degree qualification rate for England.
Over 56% of the Essex working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: Essex Salary
The average salary in Essex as of 2021 is £36,281. Between 2020 and 2021, average salaries fell by £37. Compare average salaries by area.
Essex's salary growth rate is -0.10% per year based on changes in average salary between 2020 and 2021, which is 0.10% lower than the average salary growth rate in Essex over the past 9 years.
In Essex, the highest average wages are found in Brentwood where the average salary is £38,732 and the lowest average wages are found in Maldon where the average salary is £31,514. The difference in average salary between the two areas is £7,218 - the average person in Brentwood earns 22.9% more than the average person in Maldon.
Business data published by the ONS in 2020 show the most common job group in Essex 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 Essex is Business & Public Service Assoc. Professionals, with roles increasing 53% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||76,800||10.7%||53.0%|
|Corporate Managers And Directors||68,000||9.5%||-11.5%|
|Elementary Administration & Service Occs||42,400||5.9%||-25.4%|
|Business, Media And Public Service Professionals||41,800||5.8%||3.7%|
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 Essex is Health. Other major industries include Retail, which represents over 10% of roles in Essex.
Financial & Insurance companies make up 3% of the Essex economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Essex 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||51,000||8.4%|
|Professional, Scientific & Technical||50,000||8.3%|
The fastest-growing industry in Essex is Mining, Quarrying & Utilities, with jobs in the sector increasing 33% between 2019 and 2020 from 6,000 to 8,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Essex between 2019 and 2020 was Property, which saw an 25% decrease in roles, going from 12,000 to 9,000. 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 Essex, 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 180 large businesses in Essex, 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 920 medium-sized businesses based in Essex, 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 5,405 small businesses based in Essex, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Essex's unemployment rate is 4.3% 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 Student, representing 24.5% 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