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.
- The biggest contributors to the Borough’s economy are: distribution, transport, accommodation and food; manufacturing and public administration and education and health.
Unemployment (January 2019 to December 2019) and unemployment claimant count (March 2020)
- The borough’s modelled rate of unemployment was 3.8% in the 12 months to December 2019 (West Midlands 4.8% and England 3.9%).
- The youth unemployment rate was 14.5% (West Midlands 13.0% and England 11.7%).
- The borough's claimant count (number of people claiming unemployment benefits) was 3,445 in March 2020, an increase of 41.8% from 2,430 in March 2019. The rate, 3.1% is the same as the England rate and below the Regional rate (4.0%).
- Young people (aged 16 - 24) represent 23% of all unemployment benefit claimants in March 2020.
Employment by occupation (January 2019 - December 2019)
- The three largest occupational groups were: professional occupations (18%), elementary occupations (13.2%) and associate professional and technical occupations (12.3%).
Employee jobs (2018)
- There were 88,200 employee jobs (the number of jobs held by employees) in the borough in 2018, an increase of 2.6% from a year ago.
- The largest proportion of employee jobs were in manufacturing with 17.0% (West Midlands 11.6% and England 7.9%), followed by business administration and support services at 12.8% (West Midlands 8.5% and England 9.0%).
Earnings by place of work (2019)
- The median gross weekly earnings for full-time workers who work in Telford and Wrekin was £563.00 in 2019 (West Midlands £552.50 and England £591.40).
- Gross weekly pay for the Borough’s Male and Female Full-time workers both increased in 2019, bringing them broadly in line with regional rates.
- There were 6,255 local 'units' in VAT and/or PAYE based enterprises in the borough in 2019.
- There were 5,065 business 'enterprises' with a registered office in the Borough in 2019.
- There were 635 Business 'births' and 570 business 'deaths' in 2018.
Qualifications (Jan 2019 - Dec 2019)
- 31.0% of the borough's working age residents were qualified to NVQ4 and above in the year ending December 2019 (West Midlands 38.1% and England 44.4%).
- 4.6% of the working age residents had no qualifications (West Midlands 6.7% and England 4.7%).
Please see our quarterly economic profile for further information.
Last updated: 03/06/2020 09:38