The Gross Domestic Product (GDP) in Salford was worth an estimated £8.9 billion in 2019, according to figures published by the ONS. Salford's GDP growth between 2018 and 2019 was 4.4% per year. Compare GDP by area.
The Health industry is the largest in Salford based on the number of jobs, accounting for 11.6% of roles in the area.
2019 ONS figures suggest that there are 151,000 jobs in Salford, which has a working-age (aged 16-65) population of 172,890. The 2019 job density in Salford is 0.87, meaning there are 0.87 jobs per member of the Salford working-age population.
Salford had a mean average salary for full-time employees of £36,176 in 2021. Salford's unemployment rate is 4.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Salford is 172,890 or 65.8% of the total population.
In 2021, 95.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 7.3% are self-employed, and 92.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Salford working-age (aged 16-64) population who have a degree or higher is 42.3%, which is below the 42.8% degree qualification rate for England.
Over 60% of the Salford working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: Salford Salary
The average salary in Salford as of 2021 is £36,176. Between 2020 and 2021, average salaries fell by £4,537. Compare average salaries by area.
Salford's salary growth rate is -11.14% per year based on changes in average salary between 2020 and 2021, which is 11.14% lower than the average salary growth rate in Salford over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Salford is Business & Public Service Assoc. Professionals, accounting for 14% 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 Salford is Sales Occupations, with roles increasing 53% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||17,200||14.1%||4.2%|
|Elementary Administration & Service Occs||9,700||8.0%||-34.5%|
|Science, Research, Engineering And Technology Profs||9,100||7.5%||28.2%|
|Business, Media And Public Service Professionals||9,100||7.5%||35.8%|
There was a 3% 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 Salford is Health. Other major industries include Business Administration & Support, which represents over 10% of roles in Salford.
Financial & Insurance companies make up 4% of the Salford economy that's higher than the average for England as a whole (~3%).
8% of the total jobs in Salford are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Business Administration & Support||15,000||10.9%|
|Information & Communication||11,000||8.0%|
The fastest-growing industry in Salford is Property, with jobs in the sector increasing 33% between 2019 and 2020 from 3,000 to 4,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Salford between 2019 and 2020 was Agriculture, forestry & fishing, which saw an 30% decrease in roles, going from 250 to 175. 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 Salford, the number of roles in this sector has fallen by 0% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 40 large businesses in Salford, making up 0.4% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 165 medium-sized businesses based in Salford, 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 870 small businesses based in Salford, making up 8.0% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Salford's unemployment rate is 4.9% that's 0% 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 Student, representing 32.2% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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