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The Gross Domestic Product (GDP) in Redcar and Cleveland was worth an estimated £2.2 billion in 2019, according to figures published by the ONS. Redcar and Cleveland's GDP growth between 2018 and 2019 was 2.6% per year. Compare GDP by area.
The Health industry is the largest in Redcar and Cleveland based on the number of jobs, accounting for 15.6% of roles in the area.
2019 ONS figures suggest that there are 44,000 jobs in Redcar and Cleveland, which has a working-age (aged 16-65) population of 81,235. The 2019 job density in Redcar and Cleveland is 0.54, meaning there are 0.54 jobs per member of the Redcar and Cleveland working-age population.
Redcar and Cleveland had a mean average salary for full-time employees of £29,260 in 2021. Redcar and Cleveland's unemployment rate is 6.5% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Redcar and Cleveland is 81,235 or 59.2% of the total population.
In 2021, 93.5% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 12.0% are self-employed, and 88.0% are employees.
The Annual Population Survey for 2020 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 29.1%, which is below the 42.8% degree qualification rate for England.
Over 48% of the Redcar and Cleveland working-age population have at least 2 A-levels (or equivalent), and 11% have no qualifications.
Qualifications classifications
Main page: Redcar and Cleveland Salary
The average salary in Redcar and Cleveland as of 2021 is £29,260. Between 2020 and 2021, average salaries fell by £1,185. Compare average salaries by area.
Redcar and Cleveland's salary growth rate is -3.89% per year based on changes in average salary between 2020 and 2021, which is 3.89% lower than the average salary growth rate in Redcar and Cleveland over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Redcar and Cleveland is Administrative Occupations, accounting for 9% 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 Teaching And Educational Professionals, with roles increasing 81% 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 | 4,900 | 9.0% | 11.4% |
Elementary Administration & Service Occs | 4,900 | 9.0% | -18.3% |
Caring Personal Service Occupations | 4,600 | 8.4% | -20.7% |
Teaching And Educational Professionals | 3,800 | 6.9% | 81.0% |
Health Professionals | 3,500 | 6.4% | 45.8% |
There was a 7% 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 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 1% 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 | 6,000 | 15.6% |
Manufacturing | 4,500 | 11.7% |
Retail | 4,500 | 11.7% |
Accommodation & Food Services | 3,500 | 9.1% |
Education | 3,500 | 9.1% |
The fastest-growing industry in Redcar and Cleveland is Mining, Quarrying & Utilities, with jobs in the sector increasing 25% between 2019 and 2020 from 1,000 to 1,250. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Redcar and Cleveland between 2019 and 2020 was Professional, scientific & technical, which saw an 33% decrease in roles, going from 3,000 to 2,000. 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 0% 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
2021 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 270 small businesses based in Redcar and Cleveland, making up 8.8% 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 6.5% that's 1% 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 35.7% 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 2021. Data sources: ONS Local statistics