The Gross Domestic Product (GDP) in Hambleton was worth an estimated £2.8 billion in 2019, according to figures published by the ONS. Hambleton's GDP growth between 2018 and 2019 was 4.1% per year. Compare GDP by area.
The Manufacturing industry is the largest in Hambleton based on the number of jobs, accounting for 13.8% of roles in the area.
2019 ONS figures suggest that there are 47,000 jobs in Hambleton, which has a working-age (aged 16-65) population of 52,764. The 2019 job density in Hambleton is 0.89, meaning there are 0.89 jobs per member of the Hambleton working-age population.
Hambleton had a mean average salary for full-time employees of £32,056 in 2021. Hambleton's unemployment rate is 3.5% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Hambleton is 52,764 or 57.4% of the total population.
In 2021, 96.5% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 20.0% are self-employed, and 80.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Hambleton working-age (aged 16-64) population who have a degree or higher is 41.4%, which is below the 42.8% degree qualification rate for England.
Over 62% of the Hambleton working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Main page: Hambleton Salary
The average salary in Hambleton as of 2021 is £32,056. Between 2020 and 2021, average salaries grew by £939. Compare average salaries by area.
Hambleton's salary growth rate is 3.02% per year based on changes in average salary between 2020 and 2021, which is 3.02% higher than the average salary growth rate in Hambleton over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in Hambleton is Health Professionals, 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 Hambleton is Business, Media And Public Service Professionals, with roles increasing 100% 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||3,100||7.7%||0.0%|
|Teaching And Educational Professionals||2,900||7.2%||0.0%|
|Business & Public Service Assoc. Professionals||2,900||7.2%||81.3%|
There was a 4% 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 Hambleton is Manufacturing. Other major industries include Agriculture, Forestry & Fishing, which represents over 10% of roles in Hambleton.
Financial & Insurance companies make up 1% of the Hambleton economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Hambleton are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Agriculture, Forestry & Fishing||4,500||10.3%|
|Accommodation & Food Services||3,500||8.0%|
The fastest-growing industry in Hambleton is Property, with jobs in the sector increasing 67% between 2019 and 2020 from 1,500 to 2,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hambleton between 2019 and 2020 was Public administration & defence, which saw an 44% decrease in roles, going from 4,500 to 2,500. 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 Hambleton, the number of roles in this sector has fallen by 13% 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 Hambleton, 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 65 medium-sized businesses based in Hambleton, making up 1.2% 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 440 small businesses based in Hambleton, 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.
Hambleton's unemployment rate is 3.5% 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 Long-term Sick, representing 33.1% of the unemployed population.
Secondary classifications include groups: student, 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