The Gross Domestic Product (GDP) in Huntingdonshire was worth an estimated £5.5 billion in 2019, according to figures published by the ONS. Huntingdonshire's GDP growth between 2018 and 2019 was 6.5% per year. Compare GDP by area.
The Manufacturing industry is the largest in Huntingdonshire based on the number of jobs, accounting for 12.5% of roles in the area.
2019 ONS figures suggest that there are 90,000 jobs in Huntingdonshire, which has a working-age (aged 16-65) population of 109,388. The 2019 job density in Huntingdonshire is 0.82, meaning there are 0.82 jobs per member of the Huntingdonshire working-age population.
Huntingdonshire had a mean average salary for full-time employees of £36,235 in 2021. Huntingdonshire's unemployment rate is 2.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Huntingdonshire is 109,388 or 61.1% of the total population.
In 2021, 97.5% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 8.4% are self-employed, and 91.6% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Huntingdonshire working-age (aged 16-64) population who have a degree or higher is 41.5%, which is below the 42.8% degree qualification rate for England.
Over 61% of the Huntingdonshire working-age population have at least 2 A-levels (or equivalent), and 2% have no qualifications.
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Main page: Huntingdonshire Salary
The average salary in Huntingdonshire as of 2021 is £36,235. Between 2020 and 2021, average salaries fell by £1,658. Compare average salaries by area.
Huntingdonshire's salary growth rate is -4.38% per year based on changes in average salary between 2020 and 2021, which is 4.38% lower than the average salary growth rate in Huntingdonshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Huntingdonshire is Science, Research, Engineering And Technology Profs, 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 Huntingdonshire is Health Professionals, with roles increasing 187% 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||9,700||11.2%||32.9%|
|Corporate Managers And Directors||8,200||9.5%||1.2%|
|Caring Personal Service Occupations||7,400||8.6%||39.6%|
There was a 1% increase 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 Huntingdonshire is Manufacturing. Other major industries include Health, which represents over 10% of roles in Huntingdonshire.
Financial & Insurance companies make up 2% of the Huntingdonshire economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Huntingdonshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||7,000||8.8%|
|Professional, Scientific & Technical||6,000||7.5%|
The fastest-growing industry in Huntingdonshire is Financial & Insurance, with jobs in the sector increasing 25% between 2019 and 2020 from 1,000 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Huntingdonshire between 2019 and 2020 was Property, 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 Huntingdonshire, the number of roles in this sector has risen by 20% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 25 large businesses in Huntingdonshire, 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 115 medium-sized businesses based in Huntingdonshire, making up 1.5% 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 645 small businesses based in Huntingdonshire, making up 8.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Huntingdonshire's unemployment rate is 2.5% that's 3% 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 Student, representing 28.9% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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