The Gross Domestic Product (GDP) in Manchester was worth an estimated £26 billion in 2019, according to figures published by the ONS. Manchester's GDP growth between 2018 and 2019 was 5.7% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Manchester based on the number of jobs, accounting for 13.6% of roles in the area.
2019 ONS figures suggest that there are 460,000 jobs in Manchester, which has a working-age (aged 16-65) population of 391,653. The 2019 job density in Manchester is 1.17, meaning there are 1.17 jobs per member of the Manchester working-age population.
Manchester had a mean average salary for full-time employees of £38,225 in 2021. Manchester's unemployment rate is 9.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Manchester is 391,653 or 70.5% of the total population.
In 2021, 90.9% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 10.9% are self-employed, and 89.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Manchester working-age (aged 16-64) population who have a degree or higher is 48.4%, which is above the 42.8% degree qualification rate for England.
Over 64% of the Manchester working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: Manchester Salary
The average salary in Manchester as of 2021 is £38,225. Between 2020 and 2021, average salaries fell by £283. Compare average salaries by area.
Manchester's salary growth rate is -0.73% per year based on changes in average salary between 2020 and 2021, which is 0.73% lower than the average salary growth rate in Manchester over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Manchester 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 Manchester is Health & Social Care Assoc. Professionals, with roles increasing 116% 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||30,400||11.3%||48.3%|
|Elementary Administration & Service Occs||22,800||8.5%||-10.6%|
|Business, Media And Public Service Professionals||21,700||8.1%||15.4%|
There was a 0% 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 Manchester is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Business Administration & Support, Health, which represents over 10% of roles in Manchester.
Financial & Insurance companies make up 4% of the Manchester economy that's higher than the average for England as a whole (~3%).
5% of the total jobs in Manchester are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||56,000||13.6%|
|Business Administration & Support||50,000||12.1%|
The fastest-growing industry in Manchester is Mining, Quarrying & Utilities, with jobs in the sector increasing 40% between 2019 and 2020 from 1,250 to 1,750. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Manchester between 2019 and 2020 was Arts, entertainment & recreation, which saw an 13% decrease in roles, going from 16,000 to 14,000. 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 Manchester, the number of roles in this sector has risen by 5% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 125 large businesses in Manchester, making up 0.5% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 435 medium-sized businesses based in Manchester, 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 2,200 small businesses based in Manchester, making up 9.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Manchester's unemployment rate is 9.1% that's 4% 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 28.4% of the unemployed population.
Secondary classifications include groups: looking after family, 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