Economy and labour market
![Advanex Notts Company of the Year Award Advanex Notts Company of the Year Award](/media/invest-newark--sherwood/images/Advanex-Nottinghamshire-Company-of-the-Year-Award.jpg)
Advanex, Southwell
"Economies of scale"
Here are a few facts regarding the local economy and labour market:
- 50,700 people are currently in employment which is 67.3%
- Average gross weekly wage is £540.60 per week. The national average is £612.80
- More than 50% of the population have achieved NVQ3 or above
- Manufacturing accounts for 12.5% of employment - the national average is 7.9%
- Tourism related employment relates to 12.5% - the national average is 7.2%
- Unemployment figure stands at 5.4% - slightly higher than the national average of 4.8%
* Figures correct as of January 2022 (Nomis report)
Contact Us
Invest Newark & SherwoodCastle House
Great North Road
Newark
Notts
NG24 1BY
01636 655260/01636 655277