The Gross Domestic Product (GDP) in Stafford was worth an estimated £3.7 billion in 2019, according to figures published by the ONS. Stafford's GDP growth between 2018 and 2019 was 0.4% per year. Compare GDP by area.
The Health industry is the largest in Stafford based on the number of jobs, accounting for 16.0% of roles in the area.
2019 ONS figures suggest that there are 70,000 jobs in Stafford, which has a working-age (aged 16-65) population of 83,105. The 2019 job density in Stafford is 0.84, meaning there are 0.84 jobs per member of the Stafford working-age population.
Stafford had a mean average salary for full-time employees of £33,233 in 2021. Stafford's unemployment rate is 1.7% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Stafford is 83,105 or 60.3% of the total population.
In 2021, 98.3% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 7.9% are self-employed, and 92.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Stafford working-age (aged 16-64) population who have a degree or higher is 53.4%, which is above the 42.8% degree qualification rate for England.
Over 66% of the Stafford working-age population have at least 2 A-levels (or equivalent), and 6% have no qualifications.
Main page: Stafford Salary
The average salary in Stafford as of 2021 is £33,233. Between 2020 and 2021, average salaries fell by £1,291. Compare average salaries by area.
Stafford's salary growth rate is -3.74% per year based on changes in average salary between 2020 and 2021, which is 3.74% lower than the average salary growth rate in Stafford over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Stafford is Corporate Managers And Directors, accounting for 13% 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 Stafford is Business & Public Service Assoc. Professionals, with roles increasing 103% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||7,500||12.9%||21.0%|
|Business & Public Service Assoc. Professionals||6,700||11.5%||103.0%|
|Business, Media And Public Service Professionals||6,200||10.7%||34.8%|
|Teaching And Educational Professionals||5,300||9.1%||-23.2%|
|Science, Research, Engineering And Technology Profs||4,900||8.4%||25.6%|
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 Stafford is Health.
Financial & Insurance companies make up 1% of the Stafford economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Stafford are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Public Administration & Defence||5,000||8.0%|
|Accommodation & Food Services||4,500||7.2%|
The fastest-growing industry in Stafford is Retail, with jobs in the sector increasing 20% between 2019 and 2020 from 5,000 to 6,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Stafford between 2019 and 2020 was Property, which saw an 20% decrease in roles, going from 1,000 to 800. 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 Stafford, 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 15 large businesses in Stafford, 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 85 medium-sized businesses based in Stafford, making up 1.6% 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 475 small businesses based in Stafford, making up 8.9% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Stafford's unemployment rate is 1.7% that's 3% 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 26.1% of the unemployed population.
Secondary classifications include groups: looking after family, temporary sick, 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 2021. Data sources: ONS Local statistics