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The Gross Domestic Product (GDP) in Redcar and Cleveland was worth an estimated £2.2 billion in 2020, according to figures published by the ONS. Redcar and Cleveland's GDP growth between 2019 and 2020 was -2.4% per year. Compare GDP by area.
The Health industry is the largest in Redcar and Cleveland based on the number of jobs, accounting for 12.7% of roles in the area.
2020 ONS figures suggest that there are 42,000 jobs in Redcar and Cleveland, which has a working-age (aged 16-65) population of 82,098. The 2020 job density in Redcar and Cleveland is 0.51, meaning there are 0.51 jobs per member of the Redcar and Cleveland working-age population.
Redcar and Cleveland had a mean average salary for full-time employees of £30,305 in 2022. Redcar and Cleveland's unemployment rate is 3.1% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Redcar and Cleveland is 82,098 or 60.1% of the total population.
In 2022, 96.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.0% are self-employed, and 87.0% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Redcar and Cleveland working-age (aged 16-64) population who have a degree or higher is 33.4%, which is below the 42.8% degree qualification rate for England.
Over 53% of the Redcar and Cleveland working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
Qualifications classifications
Main page: Redcar and Cleveland Salary
The average salary in Redcar and Cleveland as of 2022 is £30,305. Between 2021 and 2022, average salaries grew by £1,045. Compare average salaries by area.
Redcar and Cleveland's salary growth rate is 3.57% per year based on changes in average salary between 2021 and 2022, which is 3.57% higher than the average salary growth rate in Redcar and Cleveland over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Redcar and Cleveland is Elementary Administration & Service Occs, 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 Redcar and Cleveland is Transport & Mobile Machine Drivers/operatives, with roles increasing 118% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
Occupation | Number | Percentage | CHANGE |
---|---|---|---|
Elementary Administration & Service Occs | 6,900 | 12.9% | 40.8% |
Caring Personal Service Occupations | 5,100 | 9.5% | 10.9% |
Administrative Occupations | 4,800 | 9.0% | -2.0% |
Business, Media And Public Service Professionals | 2,900 | 5.4% | -6.5% |
Business & Public Service Assoc. Professionals | 2,900 | 5.4% | 3.6% |
There was a 2% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Redcar and Cleveland is Health. Other major industries include Manufacturing, Retail, which represents over 10% of roles in Redcar and Cleveland.
Financial & Insurance companies make up 0% of the Redcar and Cleveland economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Redcar and Cleveland 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 |
---|---|---|
Health | 5,000 | 12.7% |
Manufacturing | 4,500 | 11.5% |
Retail | 4,500 | 11.5% |
Accommodation & Food Services | 3,500 | 8.9% |
Professional, Scientific & Technical | 3,500 | 8.9% |
The fastest-growing industry in Redcar and Cleveland is Professional, Scientific & Technical, with jobs in the sector increasing 75% between 2020 and 2021 from 2,000 to 3,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Redcar and Cleveland between 2020 and 2021 was Information & communication, which saw an 43% decrease in roles, going from 350 to 200. 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 Redcar and Cleveland, the number of roles in this sector has fallen by 43% over the past year, below the 1% annual increase seen in England.
Redcar and Cleveland Demographics
Redcar and Cleveland Crime
Rental Market of Redcar and Cleveland
2022 UK Business Count data published by the ONS show there are 15 large businesses in Redcar and Cleveland, making up 0.5% 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 Redcar and Cleveland, making up 1.6% 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 285 small businesses based in Redcar and Cleveland, making up 9.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Redcar and Cleveland's unemployment rate is 3.1% that's 2% 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 37.7% 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 2022. Data sources: ONS Local statistics