The Gross Domestic Product (GDP) in Selby was worth an estimated £2.7 billion in 2019, according to figures published by the ONS. Selby's GDP growth between 2018 and 2019 was 6.2% per year. Compare GDP by area.
The Manufacturing industry is the largest in Selby based on the number of jobs, accounting for 21.1% of roles in the area.
2019 ONS figures suggest that there are 43,000 jobs in Selby, which has a working-age (aged 16-65) population of 55,997. The 2019 job density in Selby is 0.77, meaning there are 0.77 jobs per member of the Selby working-age population.
Selby had a mean average salary for full-time employees of £34,422 in 2021. Selby's unemployment rate is 2.9% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Selby is 55,997 or 61.1% of the total population.
In 2021, 97.1% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 15.5% are self-employed, and 84.5% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Selby working-age (aged 16-64) population who have a degree or higher is 29.3%, which is below the 42.8% degree qualification rate for England.
Over 49% of the Selby working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
Main page: Selby Salary
The average salary in Selby as of 2021 is £34,422. Between 2020 and 2021, average salaries grew by £2,739. Compare average salaries by area.
Selby's salary growth rate is 8.65% per year based on changes in average salary between 2020 and 2021, which is 8.65% higher than the average salary growth rate in Selby over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Selby is Administrative Occupations, accounting for 17% 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 Selby is Business & Public Service Assoc. Professionals, with roles increasing 65% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Business & Public Service Assoc. Professionals||5,100||14.1%||64.5%|
|Elementary Administration & Service Occs||4,300||11.9%||19.4%|
|Customer Service Occupations||2,700||7.5%|
There was a 1% 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 Selby is Manufacturing. Other major industries include Transport & Storage, Business Administration & Support, which represents over 10% of roles in Selby.
Financial & Insurance companies make up 0% of the Selby economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Selby are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||4,000||10.5%|
|Business Administration & Support||4,000||10.5%|
|Professional, Scientific & Technical||2,500||6.6%|
The fastest-growing industry in Selby is Mining, Quarrying & Utilities, with jobs in the sector increasing 33% between 2019 and 2020 from 1,500 to 2,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Selby between 2019 and 2020 was Health, 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 Selby, the number of roles in this sector has fallen by 22% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 10 large businesses in Selby, making up 0.3% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 45 medium-sized businesses based in Selby, making up 1.2% 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 310 small businesses based in Selby, 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.
Selby's unemployment rate is 2.9% 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 24.1% 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