The Gross Domestic Product (GDP) in Hastings was worth an estimated £1.9 billion in 2019, according to figures published by the ONS. Hastings's GDP growth between 2018 and 2019 was 2.7% per year. Compare GDP by area.
The Health industry is the largest in Hastings based on the number of jobs, accounting for 25.3% of roles in the area.
2019 ONS figures suggest that there are 44,000 jobs in Hastings, which has a working-age (aged 16-65) population of 56,251. The 2019 job density in Hastings is 0.78, meaning there are 0.78 jobs per member of the Hastings working-age population.
Hastings had a mean average salary for full-time employees of £27,182 in 2021. Hastings's unemployment rate is 3.5% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Hastings is 56,251 or 60.8% 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, 13.7% are self-employed, and 86.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Hastings working-age (aged 16-64) population who have a degree or higher is 27.8%, which is below the 42.8% degree qualification rate for England.
Over 47% of the Hastings working-age population have at least 2 A-levels (or equivalent), and 12% have no qualifications.
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Main page: Hastings Salary
The average salary in Hastings as of 2021 is £27,182. Between 2020 and 2021, average salaries grew by £702. Compare average salaries by area.
Hastings's salary growth rate is 2.65% per year based on changes in average salary between 2020 and 2021, which is 2.65% higher than the average salary growth rate in Hastings over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Hastings is Caring Personal Service Occupations, accounting for 19% 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 Hastings is Caring Personal Service Occupations, with roles increasing 177% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||6,100||19.2%||177.3%|
|Teaching And Educational Professionals||3,100||9.7%||0.0%|
|Secretarial And Related Occupations||2,900||9.1%||141.7%|
|Business & Public Service Assoc. Professionals||2,800||8.8%||-22.2%|
There was a 3% 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 Hastings is Health. Other major industries include Retail, which represents over 10% of roles in Hastings.
Financial & Insurance companies make up 2% of the Hastings economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Hastings are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||2,500||7.9%|
The fastest-growing industry in Hastings is Mining, Quarrying & Utilities, with jobs in the sector increasing 133% between 2019 and 2020 from 75 to 175. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hastings between 2019 and 2020 was Wholesale, which saw an 25% decrease in roles, going from 800 to 600. 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 Hastings, 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 5 large businesses in Hastings, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 40 medium-sized businesses based in Hastings, 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 270 small businesses based in Hastings, making up 9.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Hastings'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 Looking After Family, representing 35.9% of the unemployed population.
Secondary classifications include groups: student, long-term sick, retired, 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