The Gross Domestic Product (GDP) in Sheffield was worth an estimated £15 billion in 2019, according to figures published by the ONS. Sheffield's GDP growth between 2018 and 2019 was 3.9% per year. Compare GDP by area.
The Health industry is the largest in Sheffield based on the number of jobs, accounting for 15.6% of roles in the area.
2019 ONS figures suggest that there are 300,000 jobs in Sheffield, which has a working-age (aged 16-65) population of 388,384. The 2019 job density in Sheffield is 0.77, meaning there are 0.77 jobs per member of the Sheffield working-age population.
Sheffield had a mean average salary for full-time employees of £33,531 in 2021. Sheffield's unemployment rate is 7.8% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Sheffield is 388,384 or 65.9% of the total population.
In 2021, 92.2% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 10.0% are self-employed, and 90.0% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Sheffield working-age (aged 16-64) population who have a degree or higher is 47.4%, which is above the 42.8% degree qualification rate for England.
Over 63% of the Sheffield working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Sheffield Salary
The average salary in Sheffield as of 2021 is £33,531. Between 2020 and 2021, average salaries grew by £1,158. Compare average salaries by area.
Sheffield's salary growth rate is 3.58% per year based on changes in average salary between 2020 and 2021, which is 3.58% higher than the average salary growth rate in Sheffield over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Sheffield is Elementary Administration & Service Occs, accounting for 11% 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 Sheffield is Elementary Trades And Related Occupations, with roles increasing 227% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||30,500||11.3%||12.5%|
|Corporate Managers And Directors||21,700||8.0%||-2.7%|
|Science, Research, Engineering And Technology Profs||20,300||7.5%||5.7%|
|Teaching And Educational Professionals||19,800||7.3%||-9.2%|
There was a 4% 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 Sheffield is Health. Other major industries include Education, which represents over 10% of roles in Sheffield.
Financial & Insurance companies make up 3% of the Sheffield economy that's higher than the average for England as a whole (~3%).
4% of the total jobs in Sheffield are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Business Administration & Support||23,000||8.8%|
The fastest-growing industry in Sheffield is Mining, Quarrying & Utilities, with jobs in the sector increasing 40% between 2019 and 2020 from 1,250 to 1,750. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Sheffield between 2019 and 2020 was Property, which saw an 22% decrease in roles, going from 4,500 to 3,500. 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 Sheffield, the number of roles in this sector has fallen by 17% over the past year, below the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 75 large businesses in Sheffield, 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 305 medium-sized businesses based in Sheffield, making up 1.9% 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 1,720 small businesses based in Sheffield, making up 10.5% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Sheffield's unemployment rate is 7.8% that's 3% 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 Student, representing 34.5% 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