The Gross Domestic Product (GDP) in Shropshire was worth an estimated £7 billion in 2020, according to figures published by the ONS. Shropshire's GDP growth between 2019 and 2020 was -4.3% per year. Compare GDP by area.
The Health industry is the largest in Shropshire based on the number of jobs, accounting for 16.4% of roles in the area.
2020 ONS figures suggest that there are 156,000 jobs in Shropshire, which has a working-age (aged 16-65) population of 194,213. The 2020 job density in Shropshire is 0.80, meaning there are 0.80 jobs per member of the Shropshire working-age population.
Shropshire had a mean average salary for full-time employees of £35,540 in 2022. Shropshire's unemployment rate is 4.1% as of 2022. Compare unemployment rate by area.
The 2020 labour force or working-age population in Shropshire is 194,213 or 59.8% of the total population.
In 2022, 95.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 17.5% are self-employed, and 82.5% are employees.
The Annual Population Survey for 2021 published by the ONS reports the percentage of the Shropshire working-age (aged 16-64) population who have a degree or higher is 41.8%, which is below the 42.8% degree qualification rate for England.
Over 61% of the Shropshire working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
Main page: Shropshire Salary
The average salary in Shropshire as of 2022 is £35,540. Between 2021 and 2022, average salaries grew by £2,413. Compare average salaries by area.
Shropshire's salary growth rate is 7.28% per year based on changes in average salary between 2021 and 2022, which is 7.28% higher than the average salary growth rate in Shropshire over the past 9 years.
Business data published by the ONS in 2021 show the most common job group in Shropshire is Corporate Managers And Directors, 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 Shropshire is Sales Occupations, with roles increasing 72% between July 2021 and July 2022. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||12,600||8.7%||-20.8%|
|Science, Research, Engineering And Technology Profs||11,200||7.7%||23.1%|
|Teaching And Educational Professionals||11,200||7.7%||45.5%|
There was a 3% increase in roles between 2020 and 2021. In England as a whole, there was a 3% decrease.
Based on the total number of jobs, the largest industry in Shropshire is Health.
Financial & Insurance companies make up 1% of the Shropshire economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Shropshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Agriculture, Forestry & Fishing||12,000||8.5%|
|Accommodation & Food Services||11,000||7.8%|
The fastest-growing industry in Shropshire is Information & Communication, with jobs in the sector increasing 40% between 2020 and 2021 from 2,500 to 3,500. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Shropshire between 2020 and 2021 was Financial & insurance, which saw an 33% decrease in roles, going from 1,500 to 1,000. 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 Shropshire, the number of roles in this sector has risen by 40% over the past year, above the 1% annual increase seen in England.
Rental Market of Shropshire
2022 UK Business Count data published by the ONS show there are 40 large businesses in Shropshire, 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 200 medium-sized businesses based in Shropshire, making up 1.3% 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 1,285 small businesses based in Shropshire, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Shropshire's unemployment rate is 4.1% 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 Student, representing 27.9% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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 2022. Data sources: ONS Local statistics