The Gross Domestic Product (GDP) in Worcester was worth an estimated £3.4 billion in 2019, according to figures published by the ONS. Worcester's GDP growth between 2018 and 2019 was 3.1% per year. Compare GDP by area.
The Health industry is the largest in Worcester based on the number of jobs, accounting for 23.8% of roles in the area.
2019 ONS figures suggest that there are 62,000 jobs in Worcester, which has a working-age (aged 16-65) population of 64,202. The 2019 job density in Worcester is 0.97, meaning there are 0.97 jobs per member of the Worcester working-age population.
Worcester had a mean average salary for full-time employees of £33,172 in 2021. Worcester's unemployment rate is 4.3% as of 2021. Compare unemployment rate by area.
The 2019 labour force or working-age population in Worcester is 64,202 or 64.0% 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, 15.3% are self-employed, and 84.7% are employees.
The Annual Population Survey for 2020 published by the ONS reports the percentage of the Worcester working-age (aged 16-64) population who have a degree or higher is 38.3%, which is below the 42.8% degree qualification rate for England.
Over 59% of the Worcester working-age population have at least 2 A-levels (or equivalent), and 7% have no qualifications.
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Main page: Worcester Salary
The average salary in Worcester as of 2021 is £33,172. Between 2020 and 2021, average salaries fell by £479. Compare average salaries by area.
Worcester's salary growth rate is -1.42% per year based on changes in average salary between 2020 and 2021, which is 1.42% lower than the average salary growth rate in Worcester over the past 9 years.
Business data published by the ONS in 2020 show the most common job group in Worcester is Elementary Administration & Service Occs, accounting for 13% 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 Worcester is Process, Plant And Machines Operatives, with roles increasing 121% between July 2020 and July 2021. In England, the fastest-growing type of role is Corporate Managers And Directors.
|Elementary Administration & Service Occs||5,900||13.2%||-4.8%|
|Process, Plant And Machines Operatives||4,200||9.4%||121.1%|
|Teaching And Educational Professionals||4,000||8.9%||-23.1%|
|Skilled Construction And Building Trades||3,300||7.4%||-19.5%|
There was a 2% increase 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 Worcester is Health.
Financial & Insurance companies make up 1% of the Worcester economy that's lower than the average for England as a whole (~3%).
3% of the total jobs in Worcester 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||4,000||7.3%|
The fastest-growing industry in Worcester is Property, with jobs in the sector increasing 20% between 2019 and 2020 from 2,500 to 3,000. In England more broadly the fastest-growing industry is Healthcare.
The industry with the biggest decline in Worcester between 2019 and 2020 was Motor trades, which saw an 20% decrease in roles, going from 1,250 to 1,000. 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 Worcester, 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 30 large businesses in Worcester, making up 0.9% of total businesses - in England, 0.4% of businesses are large. A large business is defined as having over 250 employees.
There are 50 medium-sized businesses based in Worcester, making up 1.5% 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 310 small businesses based in Worcester, making up 9.4% of total businesses - in England, 8.3% of businesses are small. A small business is defined as having between 10 and 49 employees.
Worcester'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 Student, representing 35.2% of the unemployed population.
Secondary classifications include groups: looking after family, long-term sick, 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