The Gross Domestic Product (GDP) in Hammersmith and Fulham was worth an estimated £12 billion in 2019, according to figures published by the ONS. Hammersmith and Fulham's GDP growth between 2018 and 2019 was 7.5% per year. Compare GDP by area.
The Information & communication industry is the largest in Hammersmith and Fulham based on the number of jobs, accounting for 13.7% of roles in the area.
2019 ONS figures suggest that there are 159,000 jobs in Hammersmith and Fulham, which has a working-age (aged 16-65) population of 128,913. The 2019 job density in Hammersmith and Fulham is 1.23, meaning there are 1.23 jobs per member of the Hammersmith and Fulham working-age population.
Hammersmith and Fulham had a mean average salary for full-time employees of £45,735 in 2021. Hammersmith and Fulham's unemployment rate is 7.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Hammersmith and Fulham is 128,913 or 70.2% of the total population.
In 2021, 92.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.9% are self-employed, and 87.1% are employees.
Hammersmith and Fulham's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Hammersmith and Fulham working-age (aged 16-64) population who have a degree or higher is 65.3%, which is above the 42.8% degree qualification rate for England.
Over 80% of the Hammersmith and Fulham working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
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Main page: Hammersmith and Fulham Salary
The average salary in Hammersmith and Fulham as of 2021 is £45,735. Between 2020 and 2021, average salaries fell by £510. Compare average salaries by area.
Hammersmith and Fulham's salary growth rate is -1.10% per year based on changes in average salary between 2020 and 2021, which is 1.10% lower than the average salary growth rate in Hammersmith and Fulham over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Hammersmith and Fulham is Business, Media And Public Service Professionals, accounting for 20% 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 Hammersmith and Fulham is Skilled Construction And Building Trades, with roles increasing 250% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business, Media And Public Service Professionals||19,000||20.3%||68.1%|
|Business & Public Service Assoc. Professionals||13,500||14.5%||0.0%|
|Corporate Managers And Directors||9,300||10.0%||-47.8%|
|Science, Research, Engineering And Technology Profs||7,800||8.4%||59.2%|
|Elementary Administration & Service Occs||6,200||6.6%||87.9%|
There was a 0% 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 Hammersmith and Fulham is Information & communication. Other major industries include Retail, Professional, Scientific & Technical, Business Administration & Support, Health, which represents over 10% of roles in Hammersmith and Fulham.
Financial & Insurance companies make up 2% of the Hammersmith and Fulham economy that's lower than the average for England as a whole (~3%).
14% of the total jobs in Hammersmith and Fulham are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Information & Communication||19,000||13.7%|
|Business Administration & Support||16,000||11.5%|
|Professional, Scientific & Technical||15,000||10.8%|
The fastest-growing industry in Hammersmith and Fulham is Mining, Quarrying & Utilities, with jobs in the sector increasing 50% between 2019 and 2020 from 300 to 450. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hammersmith and Fulham between 2019 and 2020 was Motor trades, which saw an 43% decrease in roles, going from 1,750 to 1,000. 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 Hammersmith and Fulham, 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 65 large businesses in Hammersmith and Fulham, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 245 medium-sized businesses based in Hammersmith and Fulham, making up 2.0% 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 980 small businesses based in Hammersmith and Fulham, making up 7.9% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Hammersmith and Fulham's unemployment rate is 7.4% that's 2% higher 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 43.4% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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