The Gross Domestic Product (GDP) in Reading was worth an estimated £9.5 billion in 2019, according to figures published by the ONS. Reading's GDP growth between 2018 and 2019 was 2.7% per year. Compare GDP by area.
The Information & communication industry is the largest in Reading based on the number of jobs, accounting for 16.2% of roles in the area.
2019 ONS figures suggest that there are 125,000 jobs in Reading, which has a working-age (aged 16-65) population of 106,048. The 2019 job density in Reading is 1.18, meaning there are 1.18 jobs per member of the Reading working-age population.
Reading had a mean average salary for full-time employees of £41,590 in 2021. Reading's unemployment rate is 5.4% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Reading is 106,048 or 66.1% of the total population.
In 2021, 94.6% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.5% are self-employed, and 87.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Reading working-age (aged 16-64) population who have a degree or higher is 54.9%, which is above the 42.8% degree qualification rate for England.
Over 70% of the Reading working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
Custom interactive dashboards built for your public or private sector business
Reports customised with your logo and company colour schemes
Get email notifications when new up-to-date data is added to your reports
Save your reports as PDFs or Word Docs
No upfront costs - we have affordable subscription plans
Main page: Reading Salary
The average salary in Reading as of 2021 is £41,590. Between 2020 and 2021, average salaries fell by £1,258. Compare average salaries by area.
Reading's salary growth rate is -2.94% per year based on changes in average salary between 2020 and 2021, which is 2.94% lower than the average salary growth rate in Reading over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Reading is Science, Research, Engineering And Technology Profs, accounting for 19% 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 Reading is Customer Service Occupations, with roles increasing 130% 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||17,600||19.4%||39.7%|
|Business & Public Service Assoc. Professionals||10,700||11.8%||5.9%|
|Corporate Managers And Directors||7,800||8.6%||50.0%|
|Business, Media And Public Service Professionals||7,400||8.1%||7.2%|
There was a 1% 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 Reading is Information & communication. Other major industries include Professional, Scientific & Technical, Business Administration & Support, Health, which represents over 10% of roles in Reading.
Financial & Insurance companies make up 4% of the Reading economy that's higher than the average for England as a whole (~3%).
16% of the total jobs in Reading are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Information & Communication||18,000||16.2%|
|Professional, Scientific & Technical||15,000||13.5%|
|Business Administration & Support||12,000||10.8%|
The fastest-growing industry in Reading is Property, 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 Reading between 2019 and 2020 was Motor trades, which saw an 22% decrease in roles, going from 2,250 to 1,750. 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 Reading, 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 50 large businesses in Reading, making up 0.7% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 145 medium-sized businesses based in Reading, making up 2.1% 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 595 small businesses based in Reading, making up 8.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Reading's unemployment rate is 5.4% 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 Student, representing 25.7% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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