The Gross Domestic Product (GDP) in Lancaster was worth an estimated £3.4 billion in 2019, according to figures published by the ONS. Lancaster's GDP growth between 2018 and 2019 was 3.4% per year. Compare GDP by area.
The Education industry is the largest in Lancaster based on the number of jobs, accounting for 16.2% of roles in the area.
2019 ONS figures suggest that there are 66,000 jobs in Lancaster, which has a working-age (aged 16-65) population of 93,779. The 2019 job density in Lancaster is 0.70, meaning there are 0.70 jobs per member of the Lancaster working-age population.
Lancaster had a mean average salary for full-time employees of £32,060 in 2021. Lancaster's unemployment rate is 4.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Lancaster is 93,779 or 63.3% of the total population.
In 2021, 96.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 14.9% are self-employed, and 85.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Lancaster working-age (aged 16-64) population who have a degree or higher is 35.0%, which is below the 42.8% degree qualification rate for England.
Over 63% of the Lancaster working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: Lancaster Salary
The average salary in Lancaster as of 2021 is £32,060. Between 2020 and 2021, average salaries fell by £1,114. Compare average salaries by area.
Lancaster's salary growth rate is -3.36% per year based on changes in average salary between 2020 and 2021, which is 3.36% lower than the average salary growth rate in Lancaster over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Lancaster is Elementary Administration & Service Occs, accounting for 9% 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 Lancaster is Business, Media And Public Service Professionals, with roles increasing 96% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||5,800||9.1%||1.8%|
|Caring Personal Service Occupations||5,500||8.6%||-27.6%|
|Teaching And Educational Professionals||5,400||8.5%||54.3%|
|Business, Media And Public Service Professionals||5,300||8.3%||96.3%|
|Science, Research, Engineering And Technology Profs||4,500||7.0%|
There was a 6% 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 Lancaster is Education. Other major industries include Retail, Health, which represents over 10% of roles in Lancaster.
Financial & Insurance companies make up 2% of the Lancaster economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Lancaster 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||4,500||8.1%|
|Professional, Scientific & Technical||4,000||7.2%|
The fastest-growing industry in Lancaster is Agriculture, Forestry & Fishing, with jobs in the sector increasing 17% between 2019 and 2020 from 1,500 to 1,750. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Lancaster between 2019 and 2020 was Wholesale, which saw an 29% decrease in roles, going from 1,750 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 Lancaster, 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 15 large businesses in Lancaster, 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 75 medium-sized businesses based in Lancaster, 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 455 small businesses based in Lancaster, making up 9.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Lancaster's unemployment rate is 4.0% that's 1% 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 45.2% of the unemployed population.
Secondary classifications include groups: long-term sick, 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