The Gross Domestic Product (GDP) in West Northamptonshire was worth an estimated £14 billion in 2019, according to figures published by the ONS. West Northamptonshire's GDP growth between 2018 and 2019 was 3.0% per year. Compare GDP by area.
The Transport & storage industry is the largest in West Northamptonshire based on the number of jobs, accounting for 12.3% of roles in the area.
2019 ONS figures suggest that there are 244,000 jobs in West Northamptonshire, which has a working-age (aged 16-65) population of 250,500. The 2019 job density in West Northamptonshire is 0.97, meaning there are 0.97 jobs per member of the West Northamptonshire working-age population.
West Northamptonshire had a mean average salary for full-time employees of £34,023 in 2021. West Northamptonshire's unemployment rate is 6.9% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in West Northamptonshire is 250,500 or 61.6% of the total population.
In 2021, 93.1% of the labour market was recorded as employed, below the 94.8% average rate for England. Of those employed, 11.9% are self-employed, and 88.1% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the West Northamptonshire working-age (aged 16-64) population who have a degree or higher is 36.1%, which is below the 42.8% degree qualification rate for England.
Over 56% of the West Northamptonshire working-age population have at least 2 A-levels (or equivalent), and 5% have no qualifications.
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Main page: West Northamptonshire Salary
The average salary in West Northamptonshire as of 2021 is £34,023. Between 2020 and 2021, average salaries fell by £2,974. Compare average salaries by area.
West Northamptonshire's salary growth rate is -8.04% per year based on changes in average salary between 2020 and 2021, which is 8.04% lower than the average salary growth rate in West Northamptonshire over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in West Northamptonshire is Elementary Administration & Service Occs, accounting for 10% 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 West Northamptonshire is Culture, Media And Sports Occupations, with roles increasing 94% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||19,000||10.1%||22.6%|
|Corporate Managers And Directors||15,700||8.4%||-31.7%|
|Caring Personal Service Occupations||15,300||8.2%||2.7%|
|Business & Public Service Assoc. Professionals||13,900||7.4%||15.8%|
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 West Northamptonshire is Transport & storage. Other major industries include Health, which represents over 10% of roles in West Northamptonshire.
Financial & Insurance companies make up 4% of the West Northamptonshire economy that's higher than the average for England as a whole (~3%).
3% of the total jobs in West Northamptonshire are in Information and Communication, one of the key sectors for the future, below the 5% of jobs in England as a whole.
|Transport & Storage||27,000||12.3%|
|Business Administration & Support||19,000||8.7%|
The fastest-growing industry in West Northamptonshire is Information & Communication, with jobs in the sector increasing 56% between 2019 and 2020 from 4,500 to 7,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in West Northamptonshire between 2019 and 2020 was Mining, quarrying & utilities, which saw an 29% decrease in roles, going from 1,750 to 1,250. 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 West Northamptonshire, the number of roles in this sector has risen by 56% over the past year, above the 1% annual increase seen in England.
2021 UK Business Count data published by the ONS show there are 75 large businesses in West Northamptonshire, 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 290 medium-sized businesses based in West Northamptonshire, 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 1,725 small businesses based in West Northamptonshire, making up 8.1% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
West Northamptonshire's unemployment rate is 6.9% that's 2% 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 Long-term Sick, representing 24.1% 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