The Gross Domestic Product (GDP) in Newcastle-under-Lyme was worth an estimated £2.6 billion in 2019, according to figures published by the ONS. Newcastle-under-Lyme's GDP growth between 2018 and 2019 was 2.2% per year. Compare GDP by area.
The Education industry is the largest in Newcastle-under-Lyme based on the number of jobs, accounting for 13.2% of roles in the area.
2019 ONS figures suggest that there are 49,000 jobs in Newcastle-under-Lyme, which has a working-age (aged 16-65) population of 81,768. The 2019 job density in Newcastle-under-Lyme is 0.60, meaning there are 0.60 jobs per member of the Newcastle-under-Lyme working-age population.
Newcastle-under-Lyme had a mean average salary for full-time employees of £27,617 in 2021. Newcastle-under-Lyme's unemployment rate is 9.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Newcastle-under-Lyme is 81,768 or 63.1% of the total population.
In 2021, 90.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 14.1% are self-employed, and 85.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Newcastle-under-Lyme working-age (aged 16-64) population who have a degree or higher is 38.1%, which is below the 42.8% degree qualification rate for England.
Over 63% of the Newcastle-under-Lyme working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
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Main page: Newcastle-under-Lyme Salary
The average salary in Newcastle-under-Lyme as of 2021 is £27,617. Between 2020 and 2021, average salaries fell by £126. Compare average salaries by area.
Newcastle-under-Lyme's salary growth rate is -0.45% per year based on changes in average salary between 2020 and 2021, which is 0.45% lower than the average salary growth rate in Newcastle-under-Lyme over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Newcastle-under-Lyme is Sales Occupations, 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 Newcastle-under-Lyme is Sales Occupations, with roles increasing 97% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||6,000||11.6%||11.1%|
|Science, Research, Engineering And Technology Profs||4,300||8.3%|
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 Newcastle-under-Lyme is Education. Other major industries include Health, which represents over 10% of roles in Newcastle-under-Lyme.
Financial & Insurance companies make up 2% of the Newcastle-under-Lyme economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Newcastle-under-Lyme are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||4,000||8.8%|
The fastest-growing industry in Newcastle-under-Lyme is Arts, Entertainment & Recreation, with jobs in the sector increasing 33% between 2019 and 2020 from 1,500 to 2,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Newcastle-under-Lyme between 2019 and 2020 was Motor trades, which saw an 17% decrease in roles, going from 1,500 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 Newcastle-under-Lyme, the number of roles in this sector has risen by 13% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 20 large businesses in Newcastle-under-Lyme, 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 65 medium-sized businesses based in Newcastle-under-Lyme, 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 350 small businesses based in Newcastle-under-Lyme, 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.
Newcastle-under-Lyme's unemployment rate is 9.4% 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 Long-term Sick, representing 30.5% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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