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 82,700 people in employment for the year up to June 2017, a reduction of 700 people, equivalent to a -1% fall from the previous year.
- The largest proportion of the borough's workforce are employed in professional occupations (15.4%), with an estimated 12,700 employees.
- The second largest occupation group is administrative and secretarial occupations with an estimated 11,000 employees (13.3%).
- The 'Knowledge Economy' sector (SOC2010 groups 1-3) makes up 36.3% of the workforce, with an estimated 30,000 employees (West Midlands 40.3%, England 46.0%).
- The largest increase in employment from the year before was seen for those employed in administrative and secretarial occupations (up 1,800 from 9,200 to 11,000) followed by process, plant and machine operatives (up 1,500 from 7,100 to 8,600) and caring, leisure and other services occupations (up 1,400 from 6,400 to 7,800).
- The occupation with the largest fall in the number of people employed was seen in associate professional and technical occupations, with a reduction of 1,800 persons, from 12,400 to 10,600.
- Manufacturing continues to employ more people in the Borough than any other industry, with approximately 13,000 jobs (15.1% of employment); this has fallen by 1,000 jobs since 2015.
- Manufacturing in the Borough remains above the regional rate of 11.5%, and the national rate of 7.9%.
- Around 29% of all employees are in part-time work, with 71% in full time work.
- There were 6,250 business 'units' in VAT and/or PAYE based enterprises in the Borough in 2017, an increase of 185 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 2016, 33.7% of the boroughs economically active population had an NVQ at level 4 or above, below the regional rate of 35.8% and the national rate of 42.4%.
- The borough's modelled rate of unemployment for the year up to June 2017 was estimated at 4.4% of the Boroughs working age population (16 - 64 year olds), a total of 3,800 people. This places us below the regional rate of 5.1% and the national rate of 4.6%.
- Rates of unemployment at local, regional and national level are lower than those reported one year previously, Telford and Wrekin down from 5.9% to 4.4%, West Midlands down from 5.9% to 5.1% and England down from 5.1% to 4.6%.
- Youth unemployment in Telford and Wrekin was estimated at 12.5% for the year ending June 2017 with an estimated 1,500 16-24 year olds unemployed.
- Rates of youth unemployment for Telford and Wrekin (12.5%) is the same as the national rate of 12.5% but below the regional rate of 14.1%.
More information is contained within our monthly economic profile.