East Midlands’ labour productivity has declined relative to the UK average more than any other English region or UK country since 2006. Its economy is more reliant on manufacturing than other regions.
Between 2006 and 2011 the region’s productivity, as measured by gross value added (GVA) per hour worked relative to the UK average, declined 5 percentage points. Productivity was 11% below the UK average in 2011. Within the region, the productivity level ranged from 22% below the UK average in Lincolnshire to 11% above the UK average in Derby.
Manufacturing remained the largest sector contributing to the region’s GVA at 16.5% in 2010, a larger share of the region’s economy than in any other English region.
Gross disposable household income (GDHI) for East Midlands’ residents was £14,600 per head in 2011, which was 14% below the UK average. Subregionally, Derby’s GDHI per head decreased by 7 percentage points from 85% in 2006 to 78% of the UK average in 2011, the largest reduction in England.
The employment rate in Q4 2012 at 71.4% had still not recovered from the decline that took place mostly in 2008 and 2009. It was 1.9 percentage points lower than in Q4 2007.
The unemployment rate increased in the past five years from 5.3% in Q4 2007 to 7.7% in Q4 2012, although more recent data suggest the trend is levelling off. In the year ending December 2012, Lincoln had the highest unemployment rate in the region at 10.3%. The lowest was 3.7% in South Northamptonshire.
In 2011, East Midlands generated 6.1% of the UK’s GVA, a total of £80.5 billion.
Source: Office for National Statistics
Notes and sources:
The data section of this release (939 Kb Excel sheet) provides more Economy data. All data are published by ONS.
Gross disposable household income (GDHI) covers the income received by households and non profit-making institutions serving households and is net of tax payments. The data are unsmoothed.
Use the GDHI per head interactive map to see how it has changed over time at regional level.
Gross value added (GVA) is a key measure of economic performance. The data used here are consistent with the workplace based series, which allocates the incomes of individuals to their place of work, but are unsmoothed data for individual years.
GVA interactive charts and maps allow users to select different regions and industries and see their relative significance over the period from 1997 to the latest available year.
Standard Industrial Classification 2007 (SIC2007) defines the industries.
Employment, unemployment and economic inactivity rates are seasonally adjusted Labour Force Survey (LFS) headline indicators.
Regional employment and economic inactivity rates are data for all people aged 16 to 64.
Regional unemployment rates are data for all people aged 16 and over.
Subregional employment data are from the Annual Population Survey (APS).
Subregional unemployment data are from the Model-Based Estimates of ILO Unemployment for LAD/UAs, which uses APS and other data sources to calculate annual data every quarter.
Regional labour market statistics provides access to the latest key labour market figures.
Nomis provides access to the most detailed and up-to-date UK labour market statistics from official sources.
Labour market indicators are defined in the Glossary.
Interpreting labour market statistics.
Investigate how unemployment rates have changed over time at regional level.
The Productivity handbook looks at measuring productivity at a regional level.
Labour productivity provides access to the latest regional data.
The Subregional productivity April 2013 article provides data at a subregional level.
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Regional Economic Indicators, March 2013 article discusses a selection of economic indicators in order to gain an overview of the economic performance of UK regions and countries. In this release a particular focus has been applied to how the regions/countries have fared through the economic downturn that began in 2008.
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Characteristics of Individual Insolvencies including Bankruptcies, England and Wales, 2011 article explores individual insolvency by region, local authority, age, gender and insolvency type. It is designed to highlight the type of analysis that can be carried out using individual insolvency data and how to use the individual insolvency data visualisation tool. Data on individual insolvency is published by the Insolvency Service.
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