The Gross Domestic Product (GDP) in Staffordshire was worth an estimated £22 billion in 2019, according to figures published by the ONS. Staffordshire's GDP growth between 2018 and 2019 was 3.1% per year. Compare GDP by area.
The Health industry is the largest in Staffordshire based on the number of jobs, accounting for 11.8% of roles in the area.
2019 ONS figures suggest that there are 406,000 jobs in Staffordshire, which has a working-age (aged 16-65) population of 536,544. The 2019 job density in Staffordshire is 0.76, meaning there are 0.76 jobs per member of the Staffordshire working-age population.
Staffordshire had a mean average salary for full-time employees of £31,060 in 2021. Staffordshire's unemployment rate is 4.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Staffordshire is 536,544 or 60.8% of the total population.
In 2021, 95.7% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 12.9% are self-employed, and 87.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Staffordshire working-age (aged 16-64) population who have a degree or higher is 40.3%, which is below the 42.8% degree qualification rate for England.
Over 60% of the Staffordshire working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
Main page: Staffordshire Salary
The average salary in Staffordshire as of 2021 is £31,060. Between 2020 and 2021, average salaries fell by £161. Compare average salaries by area.
Staffordshire's salary growth rate is -0.52% per year based on changes in average salary between 2020 and 2021, which is 0.52% lower than the average salary growth rate in Staffordshire over the past 9 years.
In Staffordshire, the highest average wages are found in Staffordshire Moorlands where the average salary is £33,987 and the lowest average wages are found in Newcastle-under-lyme where the average salary is £27,617. The difference in average salary between the two areas is £6,370 - the average person in Staffordshire Moorlands earns 23.1% more than the average person in Newcastle-under-lyme.
Business data published by the ONS in 2020 show the most common job group in Staffordshire 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 Staffordshire is Other Managers And Proprietors, with roles increasing 49% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Corporate Managers And Directors||36,900||8.9%||-22.0%|
|Business & Public Service Assoc. Professionals||34,700||8.4%||20.9%|
|Elementary Administration & Service Occs||29,100||7.0%||-2.7%|
|Teaching And Educational Professionals||28,800||7.0%||45.5%|
There was a 0% 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 Staffordshire is Health. Other major industries include Manufacturing, which represents over 10% of roles in Staffordshire.
Financial & Insurance companies make up 1% of the Staffordshire economy that's lower than the average for England as a whole (~3%).
2% of the total jobs in Staffordshire 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||32,000||8.8%|
|Transport & Storage||29,000||7.9%|
The fastest-growing industry in Staffordshire is Business Administration & Support, with jobs in the sector increasing 19% between 2019 and 2020 from 27,000 to 32,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Staffordshire between 2019 and 2020 was Accommodation & food services, which saw an 17% decrease in roles, going from 30,000 to 25,000. 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 Staffordshire, the number of roles in this sector has risen by 14% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 120 large businesses in Staffordshire, 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 470 medium-sized businesses based in Staffordshire, making up 1.4% 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 2,840 small businesses based in Staffordshire, making up 8.7% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Staffordshire's unemployment rate is 4.3% 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 Long-term Sick, representing 24.6% of the unemployed population.
Secondary classifications include groups: student, looking after family, retired, 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