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The Gross Domestic Product (GDP) in Hastings was worth an estimated £1.8 billion in 2020, according to figures published by the ONS. Hastings's GDP growth between 2019 and 2020 was -3.2% per year. Compare GDP by area.
The Health industry is the largest in Hastings based on the number of jobs, accounting for 26.7% of roles in the area.
2020 ONS figures suggest that there are 37,000 jobs in Hastings, which has a working-age (aged 16-65) population of 57,212. The 2020 job density in Hastings is 0.65, meaning there are 0.65 jobs per member of the Hastings working-age population.
Hastings had a mean average salary for full-time employees of £28,236 in 2022. Hastings's unemployment rate is 5.0% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Hastings is 57,212 or 62.9% of the total population.
In 2022, 95.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 19.4% are self-employed, and 80.6% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Hastings working-age (aged 16-64) population who have a degree or higher is 31.1%, which is below the 42.8% degree qualification rate for England.
Over 42% of the Hastings working-age population have at least 2 A-levels (or equivalent), and 15% have no qualifications.
Qualifications classifications
Main page: Hastings Salary
The average salary in Hastings as of 2022 is £28,236. Between 2021 and 2022, average salaries grew by £1,054. Compare average salaries by area.
Hastings's salary growth rate is 3.88% per year based on changes in average salary between 2021 and 2022, which is 3.88% higher than the average salary growth rate in Hastings over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Hastings is Caring Personal Service Occupations, 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 Hastings is Teaching And Educational Professionals, with roles increasing 71% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Caring Personal Service Occupations | 7,700 | 19.6% | 26.2% |
Teaching And Educational Professionals | 5,300 | 13.5% | 71.0% |
Sales Occupations | 4,900 | 12.5% | |
Administrative Occupations | 4,500 | 11.5% | -13.5% |
Other Managers And Proprietors | 3,500 | 8.9% |
There was a 6% 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 Hastings is Health. Other major industries include Retail, which represents over 10% of roles in Hastings.
Financial & Insurance companies make up 1% of the Hastings economy that's lower than the average for England as a whole (~3%).
1% 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.
Industry | Number | Percentage |
---|---|---|
Health | 9,000 | 26.7% |
Retail | 4,000 | 11.9% |
Accommodation & Food Services | 3,000 | 8.9% |
Manufacturing | 2,500 | 7.4% |
Public Administration & Defence | 2,250 | 6.7% |
The fastest-growing industry in Hastings is Mining, Quarrying & Utilities, with jobs in the sector increasing 43% between 2020 and 2021 from 175 to 250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Hastings between 2020 and 2021 was Agriculture, forestry & fishing, which saw an 20% decrease in roles, going from 125 to 100. 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 17% over the past year, below the 1% annual increase seen in England.
Hastings Demographics
Hastings Crime
Rental Market of Hastings
2022 UK Business Count data published by the ONS show there are 0 large businesses in Hastings, making up 0.0% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 45 medium-sized businesses based in Hastings, making up 1.6% 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 9.4% 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 5.0% that's 0% 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 32.5% of the unemployed population.
Secondary classifications include groups: looking after family, 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