We produce a quarterly 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.
- An estimated 80,900 people were employed in the year to September 2017, down 2% compared to the same period a year earlier.
- 17.7% of the Borough’s workforce were employed in professional occupations.
- The ‘knowledge economy’ sector accounts for 40.8% of the workforce.
- In the year to September 2017, caring, leisure & other services experienced the largest percentage increase in their workforce and skill trade experienced the biggest percentage fall at -15%.
- There were 6,250 business 'units' in VAT and/or PAYE based enterprises in the Borough in 2017, up 185 from the previous year.
- Business 'births' (635) exceeded business 'deaths' (465) for a six consecutive year in 2016.
- The Borough total GVA rate of 3.2% was the seventh highest in the West Midlands in 2016.
- An estimated 3,900 of the Borough’s working age population people were unemployed between October 2016 and September 2017, down 300 people a year earlier.
- The unemployment rate was 4.6%, down from 4.8% a year earlier.
- The unemployment rate for 16-24 year olds was 16.3%, up from 12.3% a year earlier (please note that this figure is based on a survey and ‘may be subject to sampling or other sources of error’).
More information is contained within our monthly economic profile.