Labour Market Bulletin


Welcome to the latest Quarterly Labour Market Report

Welcome to the latest Quarterly Labour Market Report from Warwickshire Means Business – part of our commitment to keep you fully updated on the very latest Labour Market trends in the county.

This report combines a wide range of data sources to illustrate Warwickshire’s labour market trends up to the latest quarter. The Quarterly Labour Market Report gives insights and analysis into employment and unemployment; economic activity and inactivity; and real-time demand in the current labour market (based on advertised job vacancies). The information presented is available at district/borough level as well as for the sub-region and the wider West Midlands area.

All labour market research is collected and released every February, May, August and November and we will be bringing it to you here as soon as we have it to keep you right up to speed with everything you need to know about employment trends in Warwickshire. We will also include any relevant business headlines associated with inward investment and additional data indicators, depending on availability.

New to this issue are earnings and GVA with the latest data featured in this report. Don’t forget to check out the Special Article for this quarter – are changes in hours worked by men driving the pay squeeze?

We hope you find this information useful as you plan for your business for the rest of 2018 and beyond. Our next Quarterly Labour Market Report will be published here in May.

Natalie Maposa, Economy and Skills Group, Transport and Economy Business Unit

QLM Summary


The latest data released from Q4 suggests that Warwickshire continues to have a stable and steady labour market with measures such as employment and labour force participation remaining higher than the national average.

In this quarter, self-employment growth has doubled the national average which is contributing to the strong entrepreneurialism across the county. The latest annual data shows that prosperity is supporting the labour market with job growth, GVA per head and residential earnings looking positive for the economy

While the employment rate has slightly fallen from last quarter, consistently low unemployment in Warwickshire suggests that workers are in high demand in the area. Only 2% of the working age population are unemployed, which is half the national average. This continues to drive high labour force participation.

While there is an abundance of opportunities in Warwickshire’s labour market, there are also wider threats to consider for the future economy. Residential earnings have positively grown over the last year in Warwickshire and England; however a greater uplift in inflation means that real household incomes have been squeezed. This suggests that, across the country, wages earned in the labour market fall short of the cost of living which has implications for productivity and growth in the local and national economies.

The following summarises Warwickshire’s key labour market indicators.

Labour market variations in Q4:

  • 0.5% dip in the employment rate
  • 7% decrease in job vacancies, equivalent to 3,249 fewer jobs advertised from the previous quarter
  • Zero change in unemployment, however 25 less JSA claimants compared to start of Q3
  • 0.5% drop in the labour participation rate

Labour participation is measured by the proportion of the working-age population who are economically active. This includes both the employed and unemployed as both groups actively engage in the labour market.

Latest annual data releases:

  • Median gross residential wages were £25,760, up 5% from £24,502 last year. Residents living in Warwickshire earn £2,017 more per year compared to nationally
  • Median gross workplace wages were £24,353, up 5% from £23,169 last year. Workers employed in Warwickshire earn £609 more per year compared to nationally. As workplace earnings are lower than residential earnings, this may suggest that there is a labour shortage
  • GVA per head currently £30,609, up 5% from £29,177 last year. Continues to exceed regional and national averages
  • 0.97 jobs per resident with 3% increase in jobs over the last year (+9,000)

Labour Demand

Labour Market Demand

(i)     Employment

Source: Annual Population Survey 

Warwickshire’s working-age employment rate currently stands at 78.2%; down from 78.7% in the previous quarter. The employment rate continues to exceed regional and national averages of 72% and 75% respectively. A higher than average employment rate may indicate that economic growth is expected to increase, as more people are actively engaged in the labour market and will therefore wish to spend their disposable income. The biggest driver of employment change this quarter was faster growth in residents working part-time relative to those working full-time. A 0.7% drop in full-time employment nearly offset growth in part-time employment (+0.8%).

As discussed in the previous edition, firms may be utilising the labour market to employ workers flexibly so they can respond to cyclical threats most effectively. In this quarter for instance, the run-up to Christmas may have temporarily increased part-time employment. However, a general long-term shift towards part-time employment could potentially widen the productivity gap and therefore prolong wage squeezes. 

Source: Annual Population Survey

Warwickshire continues to grow its entrepreneurial activity, as the proportion of working age residents in self-employment has risen at twice the rate of the national average over the last year. Figure 1 highlights Warwickshire’s considerable growth (+1.5%) relative to the West Midlands and England. The latest data shows that 14.7% of the working age population are self-employed, higher than regional and national averages of 13.2% and 14.5% respectively.

Linked to this, growth in self-employment (and part-time employment) can also be indicative of an expanding “gig economy” where there is a greater prevalence of short-term contracts and flexible working in the labour market. It is questionable whether the gig economy brings more opportunities or challenges to businesses and residents.

National studies show that a considerable number of self-employed jobs are generally characterised as low-paid with typically longer hours worked. The nature of contracts means that there is potentially less job security compared to permanent jobs. Overall, it is important to understand the drivers of both high-value and lower-skilled self-employment for supporting the changing labour market in the future.

Local focus…

North Warwickshire has the highest employment rate (85.3%) in Warwickshire and has experienced positive growth of over 12% over the last three years. This suggests that working age employment in North Warwickshire is growing around 12 times faster than the county average and around six times the rate of national growth. However, Nuneaton and Bedworth has seen positive quarter-on-quarter growth in part-time employment (+2.8%) relative to a decline in full-time employment, with Rugby performing fairly similarly (+2.1%). This suggests that the north of the county is a key driver of Warwickshire’s employment performance this quarter; both in terms of size and growth.

While Northern Warwickshire has seen quarterly shifts towards part-time employment, Stratford-on-Avon in particular experienced a sharp rise in self-employment of 4.9%. Historically, the area tends to be an important contributor towards Warwickshire’s high self-employment rate. Nevertheless, Warwick continues to grow its full-time employment base, with a 0.7% increase over the last quarter. Currently, three in every four (76.7%) working residents employed live in Warwick, the largest percentage share in the county.

(ii)     Occupation change      

Over the last three years, Warwickshire has experienced considerable growth in middle skill occupation employment as highlighted in Figure 2. The county has seen 1% growth in level 2 and 3 occupations; typically qualified at GCSE and A level equivalent, which bucks the national trend of a “hollowing out” of the middle skill workforce. The graph suggests that there are now fewer residents in Warwickshire working in level 1 and 4 occupations compared to three years ago. Higher-skilled occupations requiring a degree qualification have seen the biggest drag in growth of -1.4%. However, over the last six months there have been positive increases in higher-skilled occupations across Warwickshire (+0.9%).

Key drivers of the expansion in middle skill employment are associate professionals and process plant and machine operatives which have both seen the fastest rate of growth in the county over the last three years. However, the decline in the proportion of residents employed in professional occupations continues to have a downward drag on growth in higher skilled employment. This links closely with the demand in knowledge-intensive industries from the “Job Market Demand” section.

Local focus…

Warwickshire’s growth in its middle skill base mirrors the employment changes taking place in Rugby. Rugby saw a particular increase in level 2 occupations (1.2%), driven by faster annual employment growth in administration and clerical and sales and customer service. These occupations typically require lower qualifications and have a higher risk of automation relative to other occupations.

Over the last six months, Warwick experienced larger increases in higher skilled employment, due to a considerable rise in managers, directors and senior officials (3.8%). Interestingly, North Warwickshire has experienced a decline in middle skilled employment (-2.1%) over the same period, which is most reflective of what is happening nationally. This represents an hourglass labour market and a shrinking middle skilled workforce as the demand for higher and lower skilled workers continue to grow. 

Job Market Demand

(i)     Job vacancies overview

Figure 3: Change in total job vacancies advertised over the last quarter (Q3-Q4)

Figure 3 suggests that over the last quarter, Warwickshire saw a drop in vacancies advertised of 7%, equating to 3,400 less postings.

The north of the county experienced positive growth (+18%) in job vacancies, relative to contractions in demand throughout the south and nationally. About half of additional job vacancies in Northern Warwickshire were advertised in Nuneaton & Bedworth - approximately 700 vacancies in total. The uplift has resulted in more job vacancies currently available per seeker compared to last year and seems reflective of a tightened labour market.

In this quarter, there were 73 job postings per 1,000 population in Warwickshire which at least doubles regional and national densities of 40 and 28 respectively. Whilst job vacancies are an indication of the strength of labour market demand, this can also represent other factors.  A high turnover of labour may exist in occupations and industries where employers are struggling to retain workers. Businesses could be posting more vacancies in an attempt to fill labour shortages i.e. replacement demand. Wages therefore play an important role in attracting workers with the right skills, but also to increase staff retention and maximise capacity within the business.

(ii)     Sectors

Figure 4 shows the quarterly changes in job vacancies advertised in Warwickshire, relative with the top 10 sectors. Similarly to last quarter, administration and education saw the largest increase in job postings (2% and 3% respectively) driven by higher rates of growth in Nuneaton & Bedworth. These industries employ a considerable share of EU workers, averaging 38% of the workforce in Warwickshire and means that both sectors are more susceptible to future immigration changes. This could therefore suggest that labour market demand has increased to replace workers leaving the industry.

In contrast, Warwickshire experienced a quarter-on-quarter decrease in manufacturing job vacancies, continuing the trend from the last quarter. Although job vacancies are falling, the industry does contribute more than a quarter (28%) of the total job demand in the labour market. North Warwickshire and Warwick saw considerable declines of up to 11% from Q3, with Rugby the only borough to experience uplift in demand for manufacturing jobs.

The graph above demonstrates that there is a mixture of low-wage and high-wage industries in Warwickshire which are in high demand for workers. About one in five (21%) of job vacancies are from public industries which represents growing demand within the low-wage economy. In contrast, manufacturing is classified as a high-wage sector and contributes to demand for knowledge-intensive activity.

Note: Low-wage industries include agriculture, forestry and fishing; wholesale and retail; accommodation and food; administration and support; arts entertainment and recreation. Knowledge-intensive industries include information and communication; financial and insurance; professional, scientific and technical; public administration and defence; education

In Q4, about a quarter (26%) of job vacancies posted in Warwickshire are in low-wage industries, which exceed the national average of 20%. This is driven by an over-representation of accommodation and food vacancies across the county, but particularly in the south where vacancies can total up to 15% on average. Within this sector, the top jobs in demand are lower-skilled such as chefs, catering and bar managers, and kitchen and catering assistants. Growth in accommodation and food and other industries whose workers are typically lower-paid may create a downward drag on future productivity growth. This is because occupations in low-wage sectors generally require a lower level of qualifications and there is often less investment in innovative practices.

In contrast, 24% of jobs advertised were in knowledge-intensive industries over the last quarter, which falls considerably below the national level (31%). Warwickshire has smaller industry shares in Information and communication and financial and insurance services which could be driving lower demand for knowledge-intensive jobs. Within these industries, Warwickshire’s top occupations in demand are teaching professionals and health professionals. North Warwickshire, Rugby and Stratford in particular have lower than average job demand for these occupations. This could suggest that in the short term, knowledge-intensive industries may not be suffering from a shortage of labour but in fact, labour surpluses as Warwickshire does have a highly-qualified population. It is important that knowledge-intensive employers are fully utilising their labour force capacity to maximise growth.

(iii)     Skills


Table 3 highlights a boom in service-orientated skills (such as human resources, finance and personal care) where demand has increased by 700 vacancies on average. Service skills continue to remain highly in demand both nationally and internationally. Further analysis shows that while business and IT skills continue to represent a large proportion of job demand in Warwickshire (42% of total jobs advertised), both skill sets saw a considerable decline in demand over the last quarter; which may be linked to changes in seasonal demand.

As mentioned previously, there is currently a lower than average demand for knowledge-intensive workers but there is also a higher than average demand for high value skills. This could suggest that there is occupational upskilling in the labour market where occupational functions and therefore skill requirements are changing over time to reflect a more qualified labour pool. Work is ultimately becoming more skilled, however fewer knowledge-intensive vacancies in the long term may result in skilled workers being “mismatched” and working in traditionally “non-graduate” roles that require high-value skills. It is important that businesses encourage better skill utilisation in the workplace.

Last quarter saw unique shifts in the demand for skills in Warwickshire. Personal care and legal saw their densities increase over the period, meaning that jobs advertising personal care and legal skills were up to three times more concentrated in Warwickshire compared to nationally. This reflects the growing demand for service-orientated skills. Skills associated with business, manufacturing and production and supply chain and logistics, mirror Warwickshire’s sector strengths. There is at least 60% higher demand for these skills in the local area compared to England.

Stratford and Warwick saw significant growth in architecture and construction skills relative to nationally, resulting in demand becoming five times more concentrated. Further analysis suggests that the south of the county is in greater demand for higher-skilled workers in the construction industry. Labour shortages could exist because businesses are struggling to fill skilled vacancies with technical workers. A national study implies the industry currently suffers from a shortage of labour due to an ageing workforce, a declining uptake in professionals and the recent investment boom.


The latest ASHE data from Figure 6 shows that residential incomes in Warwickshire have grown by 17% over the last decade, where the median resident currently earns £25,760 per annum. Historical growth in residential earnings has contributed to the county exceeding regional and national averages of £22,259 and £23,473 respectively. This suggests that there is an influx of highly-skilled residents continuing to live in Warwickshire.

National picture...

The latest data released by ONS suggests that, despite a long-term uplift in residential earnings, household incomes have been squeezed over the last couple of years. This is because inflation is growing at a relatively faster pace than real average weekly earnings (earnings adjusted for inflation). During August-November 2017, real average weekly earnings fell 0.2% from last year whilst consumer-price inflation (including housing costs) increased 2.8% from the previous year. This suggests that a rise in the cost of living is shrinking real pay for workers, which links strongly to the productivity drag experienced across the UK.

Figure 7 compares the rate of growth in residential earnings to workplace earnings. A national employer survey suggests that rising inflation, productivity and the National Living Wage are key factors which drive employers to improve pay. However, the graph above shows residential earnings has generally grown at a faster rate than workplace earnings, with the exception of Stratford-on-Avon. Workplace earnings growth has at least tripled the rate of growth in residential earnings in Stratford, which may be driven by wages offered by its large employers. North Warwickshire saw the greatest rise in workplace earnings of up to 22% over the last ten years; which suggests there is a growing demand for labour from local employers. Both areas appear to be least dependent on commuters to fill jobs.

In contrast, there are large differences in residential and workplace earnings growth across Rugby and Warwick where residential earnings are increasing at twice the rate of workplace earnings. This implies a greater dependency on workers living outside the local area to fill jobs. As workplace earnings are less than residential, the jobs available in the local labour market could be relatively lower-skilled than the jobs residents are employed in. This may be creating a downward drag on workplace earnings growth. A trend such as this over the longer term, can lead to labour shortages facing businesses and recruitment difficulties associated with skills if the residential population is “over qualified” for positions advertised by local employers.

Labour Supply

Labour Market Supply

(i) Labour market participation


Economic activity is a measure of labour participation and remains an important driver for the future supply of labour available locally. Economic activity includes those of working-age that are both employed and unemployed. Table 5 summarises the latest changes in labour participation and shows that 80% of Warwickshire’s population is actively engaged in the labour market. This is a slight dip from the last quarter but comfortably exceeds regional and national averages of 76% and 78% respectively. High labour force participation is good for the economy and reflects healthy job demand and the changing demographic profile of Warwickshire.

Across districts and boroughs, there has generally been little change in the proportion of working-age residents who are economically active. However, North Warwickshire has seen significant quarterly growth of nearly 10%. This suggests that the labour supply is expanding which is improving the state of the labour market, particularly if supply is beginning to match demand. Warwick meanwhile has seen a drop in economic activity, which means that labour force participation has decreased over the last quarter. Falling labour force participation can affect business capacity and therefore economic growth in the longer term, if the pool of labour available to work continues to shrink.

(ii)     Unemployment

The latest data shows that only 2.6% of Warwickshire’s working-age population are currently unemployed, nearly halving the national average of 4.6% and far exceeding the West Midlands unemployment rate (5.5%). All areas have seen a downward trend in the number of residents unemployed over the last year, excluding Coventry which has seen working-age unemployment nearly double to 5.3%. A low unemployment rate suggests that it is relatively easier to access job opportunities in Warwickshire compared to other areas. As fewer people are looking for work, this will increase the incentive for employers to boost pay. While this is good for the economy, a historical trend of low unemployment could mask the degree of “under-employment” in the labour market i.e. the proportion of residents who are working part-time but wish to find a full-time job.

Source: NOMIS model based estimates of unemployment, Labour Insight

Figure 9 compares the ratio of unemployed residents per job vacancy in Warwickshire to England over time. While the national ratio has remained relatively stable (5.3 current vacancies per unemployed resident), there appears to have been a considerable increase in Warwickshire’s ratio (14.5 current vacancies per unemployed resident) over the last four years. This is reflective of the business cycle, where job demand increases during a boom in activity but decreases during a recession. The ratio has grown by over five times locally, compared to two times at national level. The evidence supports that there is greater ease in finding a job in Warwickshire compared to elsewhere as there is less competition between job seekers. However, falling unemployment could mean employers are increasingly looking to recruit workers living outside the county if demand continues to rise.

Special Article

Is the pay squeeze being driven by changes in the hours worked by men?

The Resolution Foundation recently published a national piece of research (January 2018) which explores linkages between the pay squeeze and the hours worked by men. Based on the report findings, Warwickshire County Council economist Natalie Maposa explores the extent to which this is taking place in Warwickshire.

Since the 2008 recession, there has been a long-lasting pay squeeze hitting workers across the country, causing a long-term drag on productivity growth. Positive income shifts for the highest-paid earners and lowest paid-earners (due to impacts of National Living Wage) have resulted in the “hollowing out” of the middle income distribution over time. Many believe the reason for this change is the fall in middle-skilled employment while low and high-skilled jobs have increased significantly in the labour market. However, the Resolution Foundation states that there is “little evidence that this is having an impact on the pay distribution.”

Nationally, the study argues that the pay squeeze has been driven largely in part by changes in hours worked by men rather than changes in occupational employment. This is believed to be because of the higher growth in male part-time employment relative to females. Another factor is a continued decline in the number of hours worked by males working in lower-paid jobs.

Figure 10 compares the proportion of male part-time employment in Warwickshire and England over the last ten years. While male part-time employment has been relatively stable at a national level, Warwickshire bucks the trend with a lower than average proportion of men working part-time (6.7%). The county recently met pre-recession levels at approximately 7%, but has also seen a unique sharp decrease in male part-time employment of nearly 5% during 2014-16. This could suggest that the higher-than-average job growth (as highlighted in Table 6) means a greater number of men have switched from part-time to full-time employment which remains positive for productivity locally. Further analysis suggests that this could be driven by a post-recession expansion in automotive employment, which is a traditionally male-dominated industry with a large share of full-time jobs. Overall, a movement from part-time to full-time employment indicates greater mobility within the labour market.

Figure 11 compares post-recession growth in male part-time employment to female part-time employment. The graph supports the report’s findings with male part-time employment increasing by 1.4% nationally since the recession whereas there are now relatively fewer females working part-time (-0.7%). In Warwickshire, there has been a considerable decrease in men and women working part-time, although the proportion of females is declining ten times faster than males. This evidence shows that Warwickshire is experiencing higher growth in male part-time employment relative to females, though at a slower rate of change than in England as a whole. Long-term growth in men working part-time is likely to increase pay squeezes at the bottom end of the income distribution.

Note: the Resolution Foundation covers the period 1997-2017 for the trend in weekly wages. However for the purpose of this article, changes during 2008-17 will be analysed to show post-recession impacts.

Figure 12 illustrates that there has been a greater pay squeeze for middle income male earners in Warwickshire, with the highest and lowest earners seeing bigger pay rises since the recession. During 2008-17, there was a 16% boost in median male weekly incomes compared to 11% nationally. At the same time, the top 25% of male earners have seen weekly wages double the rate of growth at national level; a 22% upward shift in Warwickshire compared to 11% nationally. Across England, the bottom 25% of male earners experienced the fastest wage growth, which supports the expansion in male part-time employment.

Source: Annual Survey of Hours and Earnings

Figure 13 explores whether the county has seen changes in hours worked by men since the 2008 recession. The graph suggests that compared to England as a whole, Warwickshire has seen a reduction in the hours worked between full-time and part-time males. The average full-time male living in the county now works 21 extra hours a week compared to a part-time male. This has fallen from about 24 hours worked during the recession. This overall suggests that in Warwickshire, men employed part-time are increasingly working more hours relative to men employed full-time. The average part-time male now works about 18 hours a week in Warwickshire; nearly doubling the hours worked nationally (9.8). This could be because pay is relatively better locally. If the percentage of male part-time employment continues to grow together with more hours worked, this could threaten future productivity, depending on GVA performance.

In summary, the analysis shows that there is some emergence of hollowing out within the pay distribution; as the median wage of males has seen the slowest growth since the 2008 recession. This supports the report’s findings. However, the increase in hours worked amongst part-time males in Warwickshire seems to buck the national trend and could impact productivity if continued over the long term.

The Resolution Foundation report can be downloaded here:

Warwickshire County Council will continue to monitor changes in part-time employment and earnings in future research. We ensure that the economic growth agenda continues to be at the forefront of priorities.

Business Headlines

Business headlines

Meggitt PLC

Meggitt PLC announced plans to build a major £130 million facility at Ansty Technology Park in Warwickshire. The new 440,000 sq ft centre will bring together a number of Meggitt’s existing operations and represents a significant investment in the long-term future of Meggitt’s UK manufacturing capability.

The facility, which would provide a base for up to 1,000 employees, aims to combine a range of operations - Aircraft Braking Systems, Control Systems, Customer Services & Support and Corporate Shared Services - within a world-class aerospace engineering and technology environment. They join a number of international businesses that together have invested over £500m creating new tech facilities at the site. These include AVL Powertrain (Austria), Fanuc (Japan) and Geely (China).

Warwick tops UK Vitality Index

The UK Vitality Index, produced by agents Lamber Smith Hampton, has placed the town of Warwick and the surrounding area as a leading location in terms of the level of education attainment and for entrepreneurial activity. Warwick features in the top 10 of two of the LSH Vitality Index categories. The district is positioned joint second with Oxford, behind Cambridge in the Most Highly Educated category, which reflects the level of educational attainment of residents.

Warwick is placed third in the Most Entrepreneurial index, which measures which towns and cities offer the most supportive business environments, including metrics on business density and new enterprises. The report can be downloaded here:

IM Kelly

IM Kelly, the automotive, aero and rail interior trim and seating supplier, opened its new facility in Exhall. The 27,000sqft unit is next door to two existing units in Nuneaton & Bedworth borough. The company also has another local operation on the border with Coventry at Gallagher Business Park.

The expansion will boost the company’s capacity to supply the rail sector, which is enjoying significant growth as rail firms invest in new rolling stock.

Warwick welcomes Rebellion

UK games development cluster ‘Silicon Spa,’ centred around the towns of Leamington, Southam and Warwick, received a major boost when Oxford-based Rebellion announced the acquisition of Leamington Spa based studio Radiant Worlds.

Radiant Worlds was founded in 2013 and will now be renamed as Rebellion Warwick.

MIRA investment goes viral in India

Bharat Forge of India announced that it has set up a new R&D facility at MIRA Technology Park, Nuneaton. It has created much media interest in its home country India and helped the Bharat Forge share price to close 2% higher. The company will be developing components and sub-systems focused on Electric Vehicles at the facility, Bharat Forge said in a statement.

The new Electric Mobility Research and Development Centre will be able to tap into the testing facilities at MIRA Technology Park as well as the pool of engineering talents in the Midlands, the company said.

New name for £120m Battery Centre of Excellence

The recently announced £80m national battery centre coming to Coventry & Warwickshire has been formally named as the UK Battery Industrialisation Centre (UKBIC).

The £80m government-funded 18,000m facility will be open by 2020 at a location yet to be finalised. The facility will help enable UK industry to achieve an internationally competitive position in scaling up and commercialising advanced technologies central to the design, development and manufacture of batteries, primarily for the automotive sector but with wider application. It will fill a strategic gap in the UK, facilitating scale-up to high volume processes for battery materials, cells, modules and packs. 

The centre will further strengthen Coventry & Warwickshire’s lead in UK powertrain and EV development.

Meridian boosts Coventry & Warwickshire autonomous technologies cluster

The Meridian Connected and Autonomous Vehicle Initiative, funded by UK Government and industry, has allocated over £30m funding for Coventry & Warwickshire. Meridian seeks to grow and develop the CAV cluster running along the M40 from London to Coventry. An initial project call of £50m saw over half of this allocated to the sub-region.

The successful projects led by HORIBA-MIRA and WMG will see a high speed autonomous test facility created at the HORIBA-MIRA site at Nuneaton, while the WMG led project will create a CAV test bed between the sub-region and UK Central, home to Birmingham International Airport, the NEC and the new HS2 station.


Annual Data Releases

Annual Release: GVA and Job Density


Table 6 collates the latest job density data and GVA per head data by area. There are currently 0.97 jobs per resident in Warwickshire which exceeds the regional and national averages of 0.79 and 0.85 respectively. This shows that there is a high concentration of jobs within the Warwickshire economy. Over the same period, £30,609 worth of output was produced per capita; which suggests that there is a higher than average standard of living in the local area compared to nationwide. A high standard of living correlates with a strong labour market and therefore encourages greater social mobility and prosperity.

North Warwickshire currently has the highest job density and GVA per head figure of 1.27 and £39,264 respectively; boosted by considerable growth over the last three years. This suggests that there are higher levels of prosperity in the local area. In contrast, Nuneaton and Bedworth has lower than average jobs per capita at 0.67 and one of the lowest GVA per head figures in the West Midlands (£17,246), due to weaker growth in the economy.

Taylorfitch. Bringing Newsletters to life