The Gross Domestic Product (GDP) in Tameside was worth an estimated £4.2 billion in 2019, according to figures published by the ONS. Tameside's GDP growth between 2018 and 2019 was 2.3% per year. Compare GDP by area.
The Health industry is the largest in Tameside based on the number of jobs, accounting for 18.7% of roles in the area.
2019 ONS figures suggest that there are 84,000 jobs in Tameside, which has a working-age (aged 16-65) population of 141,160. The 2019 job density in Tameside is 0.60, meaning there are 0.60 jobs per member of the Tameside working-age population.
Tameside had a mean average salary for full-time employees of £36,077 in 2021. Tameside's unemployment rate is 4.1% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Tameside is 141,160 or 62.2% of the total population.
In 2021, 95.9% of the labour market was recorded as employed, above the 94.8% average rate for England. Of those employed, 13.1% are self-employed, and 86.9% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Tameside working-age (aged 16-64) population who have a degree or higher is 27.0%, which is below the 42.8% degree qualification rate for England.
Over 49% of the Tameside working-age population have at least 2 A-levels (or equivalent), and 8% have no qualifications.
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Main page: Tameside Salary
The average salary in Tameside as of 2021 is £36,077. Between 2020 and 2021, average salaries grew by £1,199. Compare average salaries by area.
Tameside's salary growth rate is 3.44% per year based on changes in average salary between 2020 and 2021, which is 3.44% higher than the average salary growth rate in Tameside over the past 7 years.
Business data published by the ONS in 2020 show the most common job group in Tameside is Administrative Occupations, accounting for 12% 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 Tameside is Business, Media And Public Service Professionals, with roles increasing 104% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Caring Personal Service Occupations||9,000||8.4%||-10.9%|
|Business & Public Service Assoc. Professionals||7,300||6.8%||-5.2%|
|Elementary Administration & Service Occs||7,300||6.8%||-25.5%|
There was a 6% 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 Tameside is Health. Other major industries include Manufacturing, Retail, which represents over 10% of roles in Tameside.
Financial & Insurance companies make up 1% of the Tameside economy that's lower than the average for England as a whole (~3%).
1% of the total jobs in Tameside are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Accommodation & Food Services||4,000||5.8%|
The fastest-growing industry in Tameside is Manufacturing, with jobs in the sector increasing 10% between 2019 and 2020 from 10,000 to 11,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Tameside between 2019 and 2020 was Financial & insurance, which saw an 29% decrease in roles, going from 700 to 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 Tameside, 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 Tameside, making up 0.2% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 90 medium-sized businesses based in Tameside, 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 580 small businesses based in Tameside, making up 9.2% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Tameside'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 Long-term Sick, representing 29.2% 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