The Gross Domestic Product (GDP) in Rossendale was worth an estimated £1.3 billion in 2019, according to figures published by the ONS. Rossendale's GDP growth between 2018 and 2019 was 0.0% per year. Compare GDP by area.
The Manufacturing industry is the largest in Rossendale based on the number of jobs, accounting for 22.2% of roles in the area.
2019 ONS figures suggest that there are 26,000 jobs in Rossendale, which has a working-age (aged 16-65) population of 43,883. The 2019 job density in Rossendale is 0.59, meaning there are 0.59 jobs per member of the Rossendale working-age population.
Rossendale had a mean average salary for full-time employees of £30,315 in 2021. Rossendale's unemployment rate is 4.0% as of 2019. Compare unemployment rate by area.
The 2019 labour force or working-age population in Rossendale is 43,883 or 61.4% of the total population.
In 2021, 96.0% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 8.0% are self-employed, and 92.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Rossendale working-age (aged 16-64) population who have a degree or higher is 37.7%, which is below the 42.8% degree qualification rate for England.
Over 59% of the Rossendale working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: Rossendale Salary
The average salary in Rossendale as of 2021 is £30,315. Between 2020 and 2021, average salaries grew by £658. Compare average salaries by area.
Rossendale's salary growth rate is 2.22% per year based on changes in average salary between 2020 and 2021, which is 2.22% higher than the average salary growth rate in Rossendale over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Rossendale is Teaching And Educational Professionals, accounting for 18% 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 Rossendale is Corporate Managers And Directors, with roles increasing 31% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Teaching And Educational Professionals||3,900||18.1%|
|Science, Research, Engineering And Technology Profs||3,600||16.7%|
|Corporate Managers And Directors||3,400||15.8%||30.8%|
|Skilled Construction And Building Trades||2,900||13.5%|
|Caring Personal Service Occupations||2,300||10.7%||-36.1%|
There was a 2% 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 Rossendale is Manufacturing. Other major industries include Retail, Education, Health, which represents over 10% of roles in Rossendale.
Financial & Insurance companies make up 1% of the Rossendale economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Rossendale are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
The fastest-growing industry in Rossendale is Property, with jobs in the sector increasing 40% between 2019 and 2020 from 125 to 175. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Rossendale between 2019 and 2020 was Transport & storage, which saw an 50% decrease in roles, going from 900 to 450. 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 Rossendale, the number of roles in this sector has risen by 25% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 5 large businesses in Rossendale, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 40 medium-sized businesses based in Rossendale, 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 235 small businesses based in Rossendale, making up 8.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Rossendale's unemployment rate is 4.0% 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 Looking After Family, representing 33.9% of the unemployed population.
Secondary classifications include one group: 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