Economy and labour market

"Economies of scale"

As of May 2026, here is the latest information on local economy and labour market:

  • 57,700 people are currently in employment, which is 70.9% of the local population.
  • The average gross weekly wage is £711.90 per week. The National Average is £766.60.
  • 54% of the population have achieved NVQ3 or above.
  • Manufacturing accounts for 13.5% of local employment while the national average is 7.3%.
  • Tourism related industries employ 11.5% of local people while the national average is 7.8%.
  • Unemployment stands at 3.7% - below the national average of 4.5%.