The Gross Domestic Product (GDP) in Essex was worth an estimated £40 billion in 2020, according to figures published by the ONS. Essex's GDP growth between 2019 and 2020 was -5.5% per year. Compare GDP by area.
The Health industry is the largest in Essex based on the number of jobs, accounting for 13.3% of roles in the area.
2020 ONS figures suggest that there are 697,000 jobs in Essex, which has a working-age (aged 16-65) population of 932,343. The 2020 job density in Essex is 0.75, meaning there are 0.75 jobs per member of the Essex working-age population.
Essex had a mean average salary for full-time employees of £38,021 in 2022. Essex's unemployment rate is 2.6% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Essex is 932,343 or 61.9% of the total population.
In 2022, 97.4% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 11.2% are self-employed, and 88.8% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Essex working-age (aged 16-64) population who have a degree or higher is 35.5%, which is below the 42.8% degree qualification rate for England.
Over 54% 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 2022 is £38,021. Between 2021 and 2022, average salaries grew by £1,740. Compare average salaries by area.
Essex's salary growth rate is 4.80% per year based on changes in average salary between 2021 and 2022, which is 4.80% higher 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 £43,017 and the lowest average wages are found in Tendring where the average salary is £34,576. The difference in average salary between the two areas is £8,441 - the average person in Brentwood earns 24.4% more than the average person in Tendring.
Business data published by the ONS in 2021 show the most common job group in Essex is Administrative Occupations, 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 Essex is Health & Social Care Assoc. Professionals, with roles increasing 129% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||66,500||9.0%||56.8%|
|Science, Research, Engineering And Technology Profs||64,500||8.7%||78.2%|
|Business, Media And Public Service Professionals||56,500||7.6%||35.2%|
|Corporate Managers And Directors||54,700||7.4%||-19.6%|
There was a 2% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Essex is Health.
Financial & Insurance companies make up 2% of the Essex economy that's lower than the average for England as a whole (~3%).
4% 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 Services||56,000||9.1%|
|Professional, Scientific & Technical||52,000||8.5%|
The fastest-growing industry in Essex is Property, with jobs in the sector increasing 22% between 2020 and 2021 from 9,000 to 11,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Essex between 2020 and 2021 was Mining, quarrying & utilities, which saw an 25% decrease in roles, going from 8,000 to 6,000. 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 risen by 10% over the past year, above the 1% annual increase seen in England.
2022 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 5,590 small businesses based in Essex, making up 8.4% 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 2.6% that's 3% 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 22.6% 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 2022. Data sources: ONS Local statistics