The Gross Domestic Product (GDP) in North Northamptonshire was worth an estimated £8.5 billion in 2019, according to figures published by the ONS. North Northamptonshire's GDP growth between 2018 and 2019 was 2.8% per year. Compare GDP by area.
The Transport & storage industry is the largest in North Northamptonshire based on the number of jobs, accounting for 14.0% of roles in the area.
2019 ONS figures suggest that there are 181,000 jobs in North Northamptonshire, which has a working-age (aged 16-65) population of 212,908. The 2019 job density in North Northamptonshire is 0.85, meaning there are 0.85 jobs per member of the North Northamptonshire working-age population.
North Northamptonshire had a mean average salary for full-time employees of £32,583 in 2021. North Northamptonshire's unemployment rate is 2.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in North Northamptonshire is 212,908 or 60.8% of the total population.
In 2021, 97.7% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 16.2% are self-employed, and 83.8% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the North Northamptonshire working-age (aged 16-64) population who have a degree or higher is 34.6%, which is below the 42.8% degree qualification rate for England.
Over 61% of the North Northamptonshire working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: North Northamptonshire Salary
The average salary in North Northamptonshire as of 2021 is £32,583. Between 2020 and 2021, average salaries fell by £1,304. Compare average salaries by area.
North Northamptonshire's salary growth rate is -3.85% per year based on changes in average salary between 2020 and 2021, which is 3.85% lower than the average salary growth rate in North Northamptonshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in North Northamptonshire is Elementary Administration & Service Occs, accounting for 12% 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 North Northamptonshire is Science, Research, Engineering And Technology Profs, with roles increasing 67% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||20,600||12.0%||10.8%|
|Business & Public Service Assoc. Professionals||14,300||8.3%||33.6%|
|Caring Personal Service Occupations||13,300||7.7%||-23.6%|
|Corporate Managers And Directors||11,300||6.6%||-32.3%|
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 North Northamptonshire is Transport & storage. Other major industries include Manufacturing, Health, which represents over 10% of roles in North Northamptonshire.
Financial & Insurance companies make up 1% of the North Northamptonshire economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in North Northamptonshire 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||22,000||14.0%|
The fastest-growing industry in North Northamptonshire is Property, with jobs in the sector increasing 43% between 2019 and 2020 from 1,750 to 2,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in North Northamptonshire between 2019 and 2020 was Mining, quarrying & utilities, 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 North Northamptonshire, the number of roles in this sector has risen by 33% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 45 large businesses in North Northamptonshire, 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 210 medium-sized businesses based in North Northamptonshire, making up 1.2% 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 1,210 small businesses based in North Northamptonshire, making up 7.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
North Northamptonshire's unemployment rate is 2.3% that's 3% 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 33.2% 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