The Changing Face Of Jobs In Manchester
Manchester can boast some impressive firsts. It is home to the world’s oldest railway station, it’s the birthplace of the Football League, the Trades Union Congress and the first public lending library opened there in 1853, an event attended by Charles Dickens. In 1917 Ernest Rutherford split the atom at the University of Manchester and the world’s first stored-program computer was built there. Manchester’s city leaders have maintained a firm vision over the years to see the home of the Industrial Revolution compete with similar-sized European destinations for both business and tourism and you have only to stroll around the city to see that they have achieved their dream and attracted investment and business from all over the world. The amount of recent development in the city centre and surrounding areas such as Salford’s MediaCityUK is staggering and it’s all great news for Manchester job seekers. In fact, the Greater Manchester region represents the largest functional economic area outside London, with a population of 2.7 million and a value to the economy of £54 billion.
According to Manchester’s inward investment agency MIDAS, the region’s biggest sectors are financial and professional services (16.6%); manufacturing and engineering (16.1%); health (13%); retail (10.3%); education (8.5% - Manchester has the biggest student population in Europe) and creative and digital (7.7% - Manchester is the second largest hub for creative and digital companies in the whole of Europe). Add to that hospitality – the city has an ever-growing number of hotels and restaurants to cater for business people and tourists enjoying the burgeoning arts scene plus the sports fans who flock to watch Manchester’s world-famous football teams.
Greater Manchester’s unemployment rate is 7.5%, higher than the national average of 6.2% and the 7.1% figure for the north west of England. Of the 3,194,000 people in employment in the region, 431,000 (13.5%) are self-employed, 843,000 (26.4%) are in part time employment and 168,000 (5.3%) are in temporary jobs. Just over 114,000 people have a second job. Of the people in temporary employment, 36% say they want a permanent job and of those who are employed part time, that figure is 19.1%.
As well as an excellent road, rail and tram network, the Greater Manchester region benefits from its airport. Just half an hour’s drive from the city centre, Manchester Airport, which opened in 1938, is the country’s largest airport outside London with 22.3m passengers predicted to pass through its doors in 2015. It generates more than £1 billion for the area’s economy. Greater Manchester is also set to benefit from the creation of the proposed HS2 rail link to London, aimed at cutting travel times to the capital to just over an hour by 2032.
Cost of Living
Between June 2014 and June 2015, the average sale price for a detached house in Manchester grew by 3.1 per cent from £199,553 to £205,775. The average price for a detached house in London rose from £778,170 to £849,653 in just one year – nearly four times higher than in Manchester. The average house price in the UK is £195,055.
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