The Gross Domestic Product (GDP) in Nuneaton and Bedworth was worth an estimated £2.7 billion in 2019, according to figures published by the ONS. Nuneaton and Bedworth's GDP growth between 2018 and 2019 was 4.1% per year. Compare GDP by area.
The Health industry is the largest in Nuneaton and Bedworth based on the number of jobs, accounting for 17.8% of roles in the area.
2019 ONS figures suggest that there are 54,000 jobs in Nuneaton and Bedworth, which has a working-age (aged 16-65) population of 79,466. The 2019 job density in Nuneaton and Bedworth is 0.68, meaning there are 0.68 jobs per member of the Nuneaton and Bedworth working-age population.
Nuneaton and Bedworth had a mean average salary for full-time employees of £29,952 in 2021. Nuneaton and Bedworth's unemployment rate is 3.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Nuneaton and Bedworth is 79,466 or 61.0% of the total population.
In 2021, 96.3% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 5.1% are self-employed, and 94.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Nuneaton and Bedworth working-age (aged 16-64) population who have a degree or higher is 35.9%, which is below the 42.8% degree qualification rate for England.
Over 57% of the Nuneaton and Bedworth working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: Nuneaton and Bedworth Salary
The average salary in Nuneaton and Bedworth as of 2021 is £29,952. Between 2020 and 2021, average salaries grew by £1,017. Compare average salaries by area.
Nuneaton and Bedworth's salary growth rate is 3.51% per year based on changes in average salary between 2020 and 2021, which is 3.51% higher than the average salary growth rate in Nuneaton and Bedworth over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Nuneaton and Bedworth is Corporate Managers And Directors, 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 Nuneaton and Bedworth is Business, Media And Public Service Professionals, with roles increasing 129% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||6,100||10.2%||-1.6%|
|Elementary Administration & Service Occs||5,900||9.9%||-21.3%|
|Business & Public Service Assoc. Professionals||5,200||8.7%||73.3%|
|Science, Research, Engineering And Technology Profs||4,800||8.0%||33.3%|
There was a 9% 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 Nuneaton and Bedworth is Health. Other major industries include Manufacturing, which represents over 10% of roles in Nuneaton and Bedworth.
Financial & Insurance companies make up 2% of the Nuneaton and Bedworth economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Nuneaton and Bedworth 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||3,500||7.8%|
The fastest-growing industry in Nuneaton and Bedworth is Information & Communication, with jobs in the sector increasing 17% between 2019 and 2020 from 600 to 700. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Nuneaton and Bedworth between 2019 and 2020 was Property, which saw an 42% decrease in roles, going from 600 to 350. 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 Nuneaton and Bedworth, the number of roles in this sector has risen by 17% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 15 large businesses in Nuneaton and Bedworth, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 55 medium-sized businesses based in Nuneaton and Bedworth, making up 1.5% 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 340 small businesses based in Nuneaton and Bedworth, making up 9.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Nuneaton and Bedworth's unemployment rate is 3.7% that's 1% 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 Long-term Sick, representing 32.3% of the unemployed population.
Secondary classifications include groups: student, looking after family, 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