The Gross Domestic Product (GDP) in Leicester was worth an estimated £10 billion in 2019, according to figures published by the ONS. Leicester's GDP growth between 2018 and 2019 was 5.6% per year. Compare GDP by area.
The Health industry is the largest in Leicester based on the number of jobs, accounting for 18.7% of roles in the area.
2019 ONS figures suggest that there are 200,000 jobs in Leicester, which has a working-age (aged 16-65) population of 234,562. The 2019 job density in Leicester is 0.85, meaning there are 0.85 jobs per member of the Leicester working-age population.
Leicester had a mean average salary for full-time employees of £31,105 in 2021. Leicester's unemployment rate is 7.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Leicester is 234,562 or 66.3% of the total population.
In 2021, 92.2% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 8.7% are self-employed, and 91.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Leicester working-age (aged 16-64) population who have a degree or higher is 35.6%, which is below the 42.8% degree qualification rate for England.
Over 53% of the Leicester working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
Main page: Leicester Salary
The average salary in Leicester as of 2021 is £31,105. Between 2020 and 2021, average salaries fell by £1,583. Compare average salaries by area.
Leicester's salary growth rate is -4.84% per year based on changes in average salary between 2020 and 2021, which is 4.84% lower than the average salary growth rate in Leicester over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Leicester is Elementary Administration & Service Occs, accounting for 13% 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 Leicester is Business, Media And Public Service Professionals, with roles increasing 54% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||20,800||12.9%||-15.1%|
|Caring Personal Service Occupations||15,700||9.8%||6.1%|
|Process, Plant And Machines Operatives||12,000||7.5%||-32.6%|
|Corporate Managers And Directors||11,300||7.0%||6.6%|
|Teaching And Educational Professionals||9,500||5.9%||-25.2%|
There was a 5% 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 Leicester is Health. Other major industries include Manufacturing, Education, which represents over 10% of roles in Leicester.
Financial & Insurance companies make up 3% of the Leicester economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Leicester 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||14,000||8.5%|
The fastest-growing industry in Leicester is Motor Trades, with jobs in the sector increasing 20% between 2019 and 2020 from 2,500 to 3,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Leicester between 2019 and 2020 was Manufacturing, which saw an 24% decrease in roles, going from 25,000 to 19,000. 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 Leicester, the number of roles in this sector has risen by 11% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 50 large businesses in Leicester, 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 205 medium-sized businesses based in Leicester, making up 1.3% 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 1,295 small businesses based in Leicester, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Leicester's unemployment rate is 7.8% that's 3% 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 Student, representing 32.2% 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