The Gross Domestic Product (GDP) in Leeds was worth an estimated £30 billion in 2019, according to figures published by the ONS. Leeds's GDP growth between 2018 and 2019 was 4.2% per year. Compare GDP by area.
The Business administration & support industry is the largest in Leeds based on the number of jobs, accounting for 13.3% of roles in the area.
2019 ONS figures suggest that there are 525,000 jobs in Leeds, which has a working-age (aged 16-65) population of 520,582. The 2019 job density in Leeds is 1.01, meaning there are 1.01 jobs per member of the Leeds working-age population.
Leeds had a mean average salary for full-time employees of £35,896 in 2021. Leeds's unemployment rate is 5.0% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Leeds is 520,582 or 65.2% of the total population.
In 2021, 95.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 8.6% are self-employed, and 91.4% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Leeds working-age (aged 16-64) population who have a degree or higher is 46.7%, which is above the 42.8% degree qualification rate for England.
Over 67% of the Leeds working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Leeds Salary
The average salary in Leeds as of 2021 is £35,896. Between 2020 and 2021, average salaries grew by £562. Compare average salaries by area.
Leeds's salary growth rate is 1.59% per year based on changes in average salary between 2020 and 2021, which is 1.59% higher than the average salary growth rate in Leeds over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Leeds is Administrative Occupations, accounting for 10% 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 Leeds is Protective Service Occupations, with roles increasing 56% 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||40,100||9.9%||48.5%|
|Business & Public Service Assoc. Professionals||36,500||9.0%||-16.5%|
|Science, Research, Engineering And Technology Profs||32,500||8.0%||6.9%|
|Corporate Managers And Directors||29,500||7.3%||5.7%|
There was a 3% 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 Leeds is Business administration & support. Other major industries include Professional, Scientific & Technical, Health, which represents over 10% of roles in Leeds.
Financial & Insurance companies make up 5% of the Leeds economy that's higher than the average for England as a whole (~3%).
5% of the total jobs in Leeds are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Business Administration & Support||61,000||13.3%|
|Professional, Scientific & Technical||50,000||10.9%|
The fastest-growing industry in Leeds is Business Administration & Support, with jobs in the sector increasing 9% between 2019 and 2020 from 56,000 to 61,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Leeds between 2019 and 2020 was Property, which saw an 18% decrease in roles, going from 11,000 to 9,000. 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 Leeds, the number of roles in this sector has fallen by 12% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 170 large businesses in Leeds, making up 0.6% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 540 medium-sized businesses based in Leeds, making up 1.8% 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 2,885 small businesses based in Leeds, making up 9.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Leeds'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 Student, representing 45.5% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, retired, 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