The Gross Domestic Product (GDP) in Three Rivers was worth an estimated £4.9 billion in 2019, according to figures published by the ONS. Three Rivers's GDP growth between 2018 and 2019 was 1.9% per year. Compare GDP by area.
The Construction industry is the largest in Three Rivers based on the number of jobs, accounting for 14.2% of roles in the area.
2019 ONS figures suggest that there are 54,000 jobs in Three Rivers, which has a working-age (aged 16-65) population of 57,574. The 2019 job density in Three Rivers is 0.94, meaning there are 0.94 jobs per member of the Three Rivers working-age population.
Three Rivers had a mean average salary for full-time employees of £42,704 in 2021. Three Rivers's unemployment rate is 8.0% as of 2020. Compare unemployment rate by area.
The 2019 labour force or working-age population in Three Rivers is 57,574 or 61.3% of the total population.
In 2021, 92.0% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 17.8% are self-employed, and 82.3% are employees.
Three Rivers's working-age population ranks among the most educated in England.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Three Rivers working-age (aged 16-64) population who have a degree or higher is 62.3%, which is above the 42.8% degree qualification rate for England.
Over 77% of the Three Rivers working-age population have at least 2 A-levels (or equivalent), and 3% have no qualifications.
Main page: Three Rivers Salary
The average salary in Three Rivers as of 2021 is £42,704. Between 2020 and 2021, average salaries grew by £4,304. Compare average salaries by area.
Three Rivers's salary growth rate is 11.21% per year based on changes in average salary between 2020 and 2021, which is 11.21% higher than the average salary growth rate in Three Rivers over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Three Rivers 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 Three Rivers is Administrative Occupations, with roles increasing 257% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Science, Research, Engineering And Technology Profs||4,800||11.4%||23.1%|
|Business & Public Service Assoc. Professionals||3,600||8.6%||56.5%|
|Corporate Managers And Directors||3,500||8.3%||-48.5%|
There was a 7% 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 Three Rivers is Construction. Other major industries include Professional, Scientific & Technical, which represents over 10% of roles in Three Rivers.
Financial & Insurance companies make up 5% of the Three Rivers economy that's higher than the average for England as a whole (~3%).
6% of the total jobs in Three Rivers are in Information and Communication, one of the key sectors for the future, above the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||6,000||14.2%|
|Business Administration & Support||4,000||9.5%|
|Accommodation & Food Services||3,500||8.3%|
The fastest-growing industry in Three Rivers is Mining, Quarrying & Utilities, with jobs in the sector increasing 50% between 2019 and 2020 from 600 to 900. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Three Rivers between 2019 and 2020 was Financial & insurance, which saw an 20% decrease in roles, going from 2,500 to 2,000. 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 Three Rivers, 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 25 large businesses in Three Rivers, 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 55 medium-sized businesses based in Three Rivers, making up 1.0% 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 340 small businesses based in Three Rivers, making up 6.3% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Three Rivers's unemployment rate is 8.0% 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 44.9% 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 2021. Data sources: ONS Local statistics