The Gross Domestic Product (GDP) in Trafford was worth an estimated £10 billion in 2019, according to figures published by the ONS. Trafford's GDP growth between 2018 and 2019 was 1.5% per year. Compare GDP by area.
The Professional, Scientific & Technical Service (e.g. legal, accounting) industry is the largest in Trafford based on the number of jobs, accounting for 16.4% of roles in the area.
2019 ONS figures suggest that there are 172,000 jobs in Trafford, which has a working-age (aged 16-65) population of 145,441. The 2019 job density in Trafford is 1.18, meaning there are 1.18 jobs per member of the Trafford working-age population.
Trafford had a mean average salary for full-time employees of £38,478 in 2021. Trafford's unemployment rate is 6.2% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Trafford is 145,441 or 61.2% of the total population.
In 2021, 93.8% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 13.7% are self-employed, and 86.3% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Trafford working-age (aged 16-64) population who have a degree or higher is 51.3%, which is above the 42.8% degree qualification rate for England.
Over 67% of the Trafford working-age population have at least 2 A-levels (or equivalent), and 4% have no qualifications.
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Main page: Trafford Salary
The average salary in Trafford as of 2021 is £38,478. Between 2020 and 2021, average salaries grew by £1,522. Compare average salaries by area.
Trafford's salary growth rate is 4.12% per year based on changes in average salary between 2020 and 2021, which is 4.12% higher than the average salary growth rate in Trafford over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Trafford is Science, Research, Engineering And Technology Profs, accounting for 11% 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 Trafford is Health & Social Care Assoc. Professionals, with roles increasing 63% 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||12,800||11.3%||14.3%|
|Corporate Managers And Directors||10,900||9.6%||-12.8%|
|Business & Public Service Assoc. Professionals||10,900||9.6%||9.0%|
|Business, Media And Public Service Professionals||10,000||8.8%||-11.5%|
|Elementary Administration & Service Occs||9,300||8.2%||14.8%|
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 Trafford is Professional, Scientific & Technical Service (e.g. legal, accounting). Other major industries include Retail, Business Administration & Support, which represents over 10% of roles in Trafford.
Financial & Insurance companies make up 2% of the Trafford economy that's lower than the average for England as a whole (~3%).
5% of the total jobs in Trafford are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Professional, Scientific & Technical||25,000||16.4%|
|Business Administration & Support||22,000||14.4%|
The fastest-growing industry in Trafford is Information & Communication, with jobs in the sector increasing 17% between 2019 and 2020 from 6,000 to 7,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Trafford between 2019 and 2020 was Financial & insurance, which saw an 30% decrease in roles, going from 5,000 to 3,500. 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 Trafford, the number of roles in this sector has risen by 17% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 60 large businesses in Trafford, 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 205 medium-sized businesses based in Trafford, making up 1.7% 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 1,030 small businesses based in Trafford, making up 8.6% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Trafford's unemployment rate is 6.2% that's 1% 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 29.0% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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