The Gross Domestic Product (GDP) in Kingston upon Hull, City of was worth an estimated £7.1 billion in 2019, according to figures published by the ONS. Kingston upon Hull, City of's GDP growth between 2018 and 2019 was 3.1% per year. Compare GDP by area.
The Manufacturing industry is the largest in Kingston upon Hull, City of based on the number of jobs, accounting for 16.3% of roles in the area.
2019 ONS figures suggest that there are 138,000 jobs in Kingston upon Hull, City of, which has a working-age (aged 16-65) population of 167,455. The 2019 job density in Kingston upon Hull, City of is 0.82, meaning there are 0.82 jobs per member of the Kingston upon Hull, City of working-age population.
Kingston upon Hull, City of had a mean average salary for full-time employees of £30,263 in 2021. Kingston upon Hull, City of's unemployment rate is 6.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Kingston upon Hull, City of is 167,455 or 64.6% of the total population.
In 2021, 93.7% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 8.1% are self-employed, and 91.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Kingston upon Hull, City of working-age (aged 16-64) population who have a degree or higher is 23.7%, which is below the 42.8% degree qualification rate for England.
Over 44% of the Kingston upon Hull, City of working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
Main page: Kingston upon Hull, City of Salary
The average salary in Kingston upon Hull, City of as of 2021 is £30,263. Between 2020 and 2021, average salaries fell by £584. Compare average salaries by area.
Kingston upon Hull, City of's salary growth rate is -1.89% per year based on changes in average salary between 2020 and 2021, which is 1.89% lower than the average salary growth rate in Kingston upon Hull, City of over the past 8 years.
Business data published by the ONS in 2020 show the most common job group in Kingston upon Hull, City of is Elementary Administration & Service Occs, accounting for 12% 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 Kingston upon Hull, City of is Secretarial And Related Occupations, with roles increasing 100% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||14,600||11.8%||-12.0%|
|Caring Personal Service Occupations||10,600||8.6%||3.9%|
|Process, Plant And Machines Operatives||8,700||7.0%||16.0%|
There was a 2% 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 Kingston upon Hull, City of is Manufacturing. Other major industries include Business Administration & Support, Health, which represents over 10% of roles in Kingston upon Hull, City of.
Financial & Insurance companies make up 1% of the Kingston upon Hull, City of economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Kingston upon Hull, City of 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||16,000||13.1%|
The fastest-growing industry in Kingston upon Hull, City of 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 Kingston upon Hull, City of between 2019 and 2020 was Retail, which saw an 15% decrease in roles, going from 13,000 to 11,000. 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 Kingston upon Hull, City of, 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 45 large businesses in Kingston upon Hull, City of, making up 0.7% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 155 medium-sized businesses based in Kingston upon Hull, City of, making up 2.4% 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 845 small businesses based in Kingston upon Hull, City of, making up 13.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Kingston upon Hull, City of's unemployment rate is 6.3% 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 34.1% of the unemployed population.
Secondary classifications include groups: student, 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 2021. Data sources: ONS Local statistics