We produce a monthly economic profile containing detailed information about the economy and jobs in Telford and Wrekin. If you need more information about the borough's economy or want to contact someone about business support, please visit the business section of our website.
- The borough has a diverse manufacturing sector, a burgeoning tourism sector and research and development facilities.
- It has a strong focus on manufacturing - important sectors of the economy include manufacturing, polymers, advanced engineering, food and drink, construction and retail.
- There were an estimated 83,700 people in employment for the year up to December 2016, an increase of 4,000 people, equivalent to +5% rise from the previous year.
- The largest proportion of the borough's workforce are employed in Professional Occupations (15.8%), with an estimated 13,200 employees.
- The second largest occupation group is Associate professional and technical occupations with an estimated 11,400 employees (13.6%).
- The 'Knowledge Economy' sector (SOC2010 groups 1-3) makes up 38.9% of the workforce, with an estimated 32,600 employees (West Midlands 40.4%, England 46.0%).
- The largest increase in employment from the year before was seen for those employed in Professional occupations , up by +1,500 persons from 11,700 to 13,200.
- Employment within process, plant and machine operatives saw an increase of +1,400 from 6,700 to 8,100.
- The occupation with the largest fall in the number of people employed was seen in sales and customer service occupations with a reduction of -1,000 persons, from 7,500 to 6,500.
- Manufacturing continues to employ more people in the Borough than any other industry, with approximately 13,000 jobs (16.0% of employment); this has fallen by 1,000 jobs since 2014.
- Manufacturing in the Borough remains above the regional rate of 12.1%, and the National rate of 8.1%.
- Around 28% of all employees are in part-time work, with 72% in full-time work.
- There were 6,070 business 'units' in VAT and/or PAYE based enterprises in the Borough in 2016, an increase of 180 from the previous year. Professional, scientific and technical, retail, construction, business administration and support services and Manufacturing industries account for around 48% of these 'units'.
- Business 'births' in the borough in 2015 (635) exceeded business 'deaths' (465) for a fifth consecutive year, following two years (2009 and 2010) when deaths exceeded births.
- The borough's provisional GVA figure for 2015 was £3.63bn, an increase of +1.1% from the previous year. This was a smaller increase than seen by the West Midlands (+2.2%) and England (+3.0%)
- For the period ending December 2015, 26.4% of the boroughs economically active population had an NVQ at level 4 or above, below the regional rate of 31.2% and the national rate of 36.8%.
- The borough's modelled rate of unemployment for the year up to December 2016 was estimated at 4.6% of the Boroughs working age population (16 - 64 year olds), a total of 4,100 people. This places us below the regional rate of 5.5% and the national rate of 4.8%.
- Rates of unemployment at local, regional and national level are lower than those reported one year previously, Telford and Wrekin down from 5.0% to 4.6%, West Midlands down from 5.8% to 5.5% and England down from 5.1% to 4.8%.
- Youth unemployment in Telford and Wrekin was estimated at 15.9% for the year ending December 2016 with an estimated 2,100 16-24 year olds unemployed.
- Rates of youth unemployment for Telford and Wrekin (15.9%) is above the national rate of 13.4% and the regional rate of 14.8%.
More information is contained within our monthly economic profile.