The Gross Domestic Product (GDP) in High Peak was worth an estimated £1.8 billion in 2019, according to figures published by the ONS. High Peak's GDP growth between 2018 and 2019 was -1.0% per year. Compare GDP by area.
The Manufacturing industry is the largest in High Peak based on the number of jobs, accounting for 18.0% of roles in the area.
2019 ONS figures suggest that there are 42,000 jobs in High Peak, which has a working-age (aged 16-65) population of 57,044. The 2019 job density in High Peak is 0.74, meaning there are 0.74 jobs per member of the High Peak working-age population.
High Peak had a mean average salary for full-time employees of £28,745 in 2021. High Peak's unemployment rate is 6.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in High Peak is 57,044 or 61.6% of the total population.
In 2021, 93.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.5% are self-employed, and 87.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the High Peak working-age (aged 16-64) population who have a degree or higher is 41.8%, which is below the 42.8% degree qualification rate for England.
Over 61% of the High Peak working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: High Peak Salary
The average salary in High Peak as of 2021 is £28,745. Between 2020 and 2021, average salaries fell by £2,315. Compare average salaries by area.
High Peak's salary growth rate is -7.45% per year based on changes in average salary between 2020 and 2021, which is 7.45% lower than the average salary growth rate in High Peak over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in High Peak is Business, Media And Public Service 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 High Peak is Science, Research, Engineering And Technology Profs, with roles increasing 183% 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||4,700||11.3%||176.5%|
|Process, Plant And Machines Operatives||3,600||8.7%||125.0%|
|Science, Research, Engineering And Technology Profs||3,400||8.2%||183.3%|
There was a 1% 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 High Peak is Manufacturing. Other major industries include Health, which represents over 10% of roles in High Peak.
Financial & Insurance companies make up 1% of the High Peak economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in High Peak 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||3,000||9.0%|
The fastest-growing industry in High Peak is Information & Communication, with jobs in the sector increasing 60% between 2019 and 2020 from 500 to 800. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in High Peak between 2019 and 2020 was Business administration & support, which saw an 38% decrease in roles, going from 2,000 to 1,250. 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 High Peak, the number of roles in this sector has risen by 60% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in High Peak, making up 0.1% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in High Peak, 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 345 small businesses based in High Peak, making up 8.8% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
High Peak's unemployment rate is 6.2% that's 1% 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 Long-term Sick, representing 30.9% 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