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The Gross Domestic Product (GDP) in Pendle was worth an estimated £2.2 billion in 2019, according to figures published by the ONS. Pendle's GDP growth between 2018 and 2019 was -1.8% per year. Compare GDP by area.
The Manufacturing industry is the largest in Pendle based on the number of jobs, accounting for 28.9% of roles in the area.
2019 ONS figures suggest that there are 40,000 jobs in Pendle, which has a working-age (aged 16-65) population of 55,225. The 2019 job density in Pendle is 0.72, meaning there are 0.72 jobs per member of the Pendle working-age population.
Pendle had a mean average salary for full-time employees of £29,303 in 2021. Pendle's unemployment rate is 5.2% as of 2019. Compare unemployment rate by area.
The 2019 labour force or working-age population in Pendle is 55,225 or 59.9% of the total population.
In 2021, 94.8% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.8% are self-employed, and 86.2% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Pendle 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 55% of the Pendle working-age population have at least 2 A-levels (or equivalent), and 10% have no qualifications.
Qualifications classifications
Main page: Pendle Salary
The average salary in Pendle as of 2021 is £29,303. Between 2020 and 2021, average salaries grew by £1,040. Compare average salaries by area.
Pendle's salary growth rate is 3.68% per year based on changes in average salary between 2020 and 2021, which is 3.68% higher than the average salary growth rate in Pendle over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Pendle is Administrative Occupations, accounting for 16% 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 Pendle is Caring Personal Service Occupations, with roles increasing 111% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Administrative Occupations | 4,100 | 15.8% | -2.4% |
Caring Personal Service Occupations | 3,800 | 14.7% | 111.1% |
Science, Research, Engineering And Technology Profs | 3,600 | 13.9% | 9.1% |
Transport & Mobile Machine Drivers/operatives | 3,400 | 13.1% | 88.9% |
Culture, Media And Sports Occupations | 3,100 | 12.0% |
There was a 4% increase 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 Pendle is Manufacturing. Other major industries include Retail, Education, Health, which represents over 10% of roles in Pendle.
Financial & Insurance companies make up 1% of the Pendle economy that's lower than the average for England as a whole (~3%).
4% of the total jobs in Pendle are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
Industry | Number | Percentage |
---|---|---|
Manufacturing | 10,000 | 28.9% |
Retail | 4,000 | 11.6% |
Education | 3,500 | 10.1% |
Health | 3,500 | 10.1% |
Business Administration & Support | 2,250 | 6.5% |
The fastest-growing industry in Pendle is Mining, Quarrying & Utilities, with jobs in the sector increasing 233% between 2019 and 2020 from 75 to 250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Pendle between 2019 and 2020 was Transport & storage, which saw an 29% decrease in roles, going from 700 to 500. 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 Pendle, the number of roles in this sector has risen by 20% over the past year, above the 1% annual increase seen in England.
Pendle Demographics
Pendle Crime
Rental Market of Pendle
2021 UK Business Count data published by the ONS show there are 10 large businesses in Pendle, 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 50 medium-sized businesses based in Pendle, making up 1.7% 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 275 small businesses based in Pendle, 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.
Pendle's unemployment rate is 5.2% that's 0% 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 52.0% of the unemployed population.
Secondary classifications include groups: 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