Isle of Wight Economic Data

Resident Population

Total population (2021)
	Isle Of Wight (Numbers)	South East (Numbers)	Great Britain (Numbers)
All People	140,900	9,295,800	65,121,700
Males	68,300	4,548,200	31,874,600
Females	72,600	4,747,600	33,247,100
Source: ONS Population estimates - local authority based by five year age band

Population aged 16-64 (2021)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (%)	Great Britain (%)
All People Aged 16-64	78,700	55.9	61.9	62.9
Males Aged 16-64	38,400	56.2	62.4	63.3
Females Aged 16-64	40,300	55.5	61.5	62.6
Source: ONS Population estimates - local authority based by five year age band Notes: % is a proportion of total population

Labour Supply

Employment and unemployment (Jul 2022-Jun 2023)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (%)	Great Britain (%)
All People
Economically Active†	59,800	72.1	81.2	78.6
In Employment†	55,900	67.1	78.3	75.6
Employees†	44,300	54.4	68.1	66.0
Self Employed†	11,000	12.0	10.0	9.3
Unemployed (Model-Based)§	3,000	5.0	3.4	3.8
Males
Economically Active†	33,500	77.6	84.6	82.4
In Employment†	30,700	70.7	81.4	79.0
Employees†	23,400	55.6	68.7	66.7
Self Employed†	6,700	13.7	12.4	12.0
Unemployed§	2,700	8.2	3.7	4.0
Females
Economically Active†	26,300	66.2	77.8	74.8
In Employment†	25,200	63.3	75.3	72.2
Employees†	20,900	53.0	67.5	65.3
Self Employed†	4,300	10.2	7.5	6.7
Unemployed§	#	#	3.1	3.5
Source: ONS annual population survey # Sample size too small for reliable estimate (see definitions) † - numbers are for those aged 16 and over, % are for those aged 16-64 § - numbers and % are for those aged 16 and over. % is a proportion of economically active

Economic inactivity (Jul 2022-Jun 2023)
	Isle Of Wight (Level)	Isle Of Wight (%)	South East (%)	Great Britain (%)
All People
Total	21,300	27.9	18.8	21.4
Student	3,600	17.0	27.0	26.7
Looking After Family/Home	3,000	14.0	19.8	19.5
Temporary Sick	!	!	2.0	2.3
Long-Term Sick	7,200	33.9	22.9	26.6
Discouraged	!	!	#	0.3
Retired	3,600	17.0	15.6	13.1
Other	3,600	17.0	12.6	11.6

Wants A Job	6,300	29.5	19.0	17.6
Does Not Want A Job	15,000	70.5	81.0	82.4
Source: ONS annual population survey # Sample size too small for reliable estimate (see definitions) ! Estimate is not available since sample size is disclosive (see definitions) Notes: numbers are for those aged 16-64. % is a proportion of those economically inactive, except total, which is a proportion of those aged 16-64

Workless Households (Jan-Dec 2022)
	Isle Of Wight	South East	Great Britain
Number Of Workless Households	9,400	315,600	2,858,400
Percentage Of Households That Are Workless	24.8	11.1	13.9


Source: ONS annual population survey - households by combined economic activity status

Employment by occupation (Jul 2022-Jun 2023)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (%)	Great Britain (%)
Soc 2020 Major Group 1-3	23,000	41.4	57.0	52.2
1 Managers, Directors And Senior Officials	5,000	8.9	12.7	10.7
2 Professional Occupations	10,500	18.7	28.3	26.8
3 Associate Professional Occupations	7,600	13.6	15.7	14.5
Soc 2020 Major Group 4-5	10,900	19.6	17.7	18.5
4 Administrative & Secretarial Occupations	4,900	8.8	9.4	9.6
5 Skilled Trades Occupations	6,000	10.7	8.2	8.9
Soc 2020 Major Group 6-7	12,100	21.7	12.9	14.2
6 Caring, Leisure And Other Service Occupations	7,400	13.3	7.4	8.0
7 Sales And Customer Service Occs	4,600	8.3	5.4	6.1
Soc 2020 Major Group 8-9	9,600	17.3	12.4	15.1
8 Process Plant & Machine Operatives	2,500	4.5	4.2	5.5
9 Elementary Occupations	7,100	12.7	8.1	9.5
Source: ONS annual population survey Notes: Numbers and % are for those of 16+ % is a proportion of all persons in employment

Earnings by place of residence (2022)
	Isle Of Wight (Pounds)	South East (Pounds)	Great Britain (Pounds)
Gross Weekly Pay
Full-Time Workers	534.8	685.3	642.2
Male Full-Time Workers	555.0	735.4	687.5
Female Full-Time Workers	512.1	610.7	584.5
Hourly Pay - Excluding Overtime
Full-Time Workers	14.25	17.58	16.37
Male Full-Time Workers	14.28	18.49	16.97
Female Full-Time Workers	13.69	16.26	15.49
Source: ONS annual survey of hours and earnings - resident analysis Notes: Median earnings in pounds for employees living in the area.

Out-Of-Work Benefits

Under Universal Credit a broader span of claimants are required to look for work than under Jobseeker's Allowance. As Universal Credit Full Service is rolled out in particular areas, the number of people recorded as being on the Claimant Count is therefore likely to rise.

Claimant count by sex - not seasonally adjusted (September 2023)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (%)	Great Britain (%)
All People	2,625	3.3	2.8	3.7
Males	1,475	3.8	3.2	4.2
Females	1,150	2.8	2.5	3.2
Source: ONS Claimant count by sex and age Note: % is the number of claimants as a proportion of resident population of area aged 16-64 and gender

Claimant count by age - not seasonally adjusted (September 2023)
	Isle Of Wight (Level)	Isle Of Wight (%)	South East (%)	Great Britain (%)
Aged 16+	2,625	3.3	2.8	3.7
Aged 16 To 17	10	0.4	0.1	0.2
Aged 18 To 24	485	5.9	3.8	4.9
Aged 18 To 21	280	6.3	3.8	5.1
Aged 25 To 49	1,450	4.1	3.3	4.2
Aged 50+	680	2.1	2.1	2.7
Source: ONS Claimant count by sex and age Note: % is number of claimants as a proportion of resident population of the same age

Working-age client group - main benefit claimants - not seasonally adjusted [Discontinued] (November 2016)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (%)	Great Britain (%)
Total Claimants	11,030	13.7	8.3	11.0
By Statistical Group
Job Seekers	1,100	1.4	0.7	1.1
ESA And Incapacity Benefits	5,960	7.4	4.4	6.1
Lone Parents	870	1.1	0.8	1.0
Carers	1,810	2.3	1.3	1.7
Others On Income Related Benefits	190	0.2	0.1	0.2
Disabled	920	1.1	0.8	0.8
Bereaved	180	0.2	0.2	0.2
Main Out-Of-Work Benefits†	8,120	10.1	6.1	8.4
Source: DWP benefit claimants - working age client group † Main out-of-work benefits includes the groups: job seekers, ESA and incapacity benefits, lone parents and others on income related benefits. See the Definitions and Explanations below for details Notes: % is a proportion of resident population of area aged 16-64 Figures in this table do not yet include claimants of Universal Credit

Labour Demand

Jobs density (2021)
	Isle Of Wight (Jobs)	Isle Of Wight (Density)	South East (Density)	Great Britain (Density)
Jobs Density	61,000	0.77	0.85	0.85
Source: ONS jobs density Notes: The density figures represent the ratio of total jobs to population aged 16-64. Total jobs includes employees, self-employed, government-supported trainees and HM Forces

Employee jobs (2022)
	Isle Of Wight (Employee Jobs)	Isle Of Wight (%)	South East (%)	Great Britain (%)
Total Employee Jobs	50,000	-	-	-
Full-Time	31,000	62.0	68.2	68.8
Part-Time	19,000	38.0	31.8	31.2
Employee Jobs By Industry
B : Mining And Quarrying	40	0.1	0.1	0.2
C : Manufacturing	4,000	8.0	5.9	7.6
D : Electricity, Gas, Steam And Air Conditioning Supply	30	0.1	0.3	0.4
E : Water Supply; Sewerage, Waste Management And Remediation Activities	600	1.2	1.0	0.7
F : Construction	2,250	4.5	5.0	4.9
G : Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles	8,000	16.0	15.0	14.0
H : Transportation And Storage	2,000	4.0	4.8	5.0
I : Accommodation And Food Service Activities	7,000	14.0	7.5	8.0
J : Information And Communication	900	1.8	6.1	4.6
K : Financial And Insurance Activities	350	0.7	2.5	3.3
L : Real Estate Activities	900	1.8	1.7	1.9
M : Professional, Scientific And Technical Activities	2,250	4.5	9.6	9.1
N : Administrative And Support Service Activities	3,500	7.0	9.2	9.0
O : Public Administration And Defence; Compulsory Social Security	2,500	5.0	3.6	4.7
P : Education	4,500	9.0	9.9	8.6
Q : Human Health And Social Work Activities	8,000	16.0	12.7	13.5
R : Arts, Entertainment And Recreation	2,000	4.0	3.0	2.4
S : Other Service Activities	1,000	2.0	2.0	2.0
Source: ONS Business Register and Employment Survey : open access - Data unavailable Notes: % is a proportion of total employee jobs excluding farm-based agriculture Employee jobs excludes self-employed, government-supported trainees and HM Forces Data excludes farm-based agriculture

Earnings by place of work (2022)
	Isle Of Wight (Pounds)	South East (Pounds)	Great Britain (Pounds)
Gross Weekly Pay
Full-Time Workers	529.5	664.3	642.0
Male Full-Time Workers	559.8	708.9	686.7
Female Full-Time Workers	496.8	593.8	584.5
Hourly Pay - Excluding Overtime
Full-Time Workers	13.99	16.99	16.37
Male Full-Time Workers	14.26	17.88	16.96
Female Full-Time Workers	12.71	15.65	15.48
Source: ONS annual survey of hours and earnings - workplace analysis Notes: Median earnings in pounds for employees working in the area.

Businesses

UK Business Counts (2023)
	Isle Of Wight (Numbers)	Isle Of Wight (%)	South East (Numbers)	South East (%)
Enterprises
Micro (0 To 9)	4,095	87.2	362,465	89.5
Small (10 To 49)	530	11.3	34,675	8.6
Medium (50 To 249)	65	1.4	6,090	1.5
Large (250+)	5	0.1	1,615	0.4
Total	4,695	-	404,840	-
Local Units
Micro (0 To 9)	4,695	83.0	396,340	85.1
Small (10 To 49)	815	14.4	56,340	12.1
Medium (50 To 249)	135	2.4	11,265	2.4
Large (250+)	10	0.2	1,650	0.4
Total	5,660	-	465,595	-
Source: Inter Departmental Business Register (ONS) Note: % is as a proportion of total (enterprises or local units)

Definitions And Explanations

Resident Population

The estimated population of an area includes all those usually resident in the area, whatever their nationality. HM Forces stationed outside the United Kingdom are excluded but foreign forces stationed here are included. Students are taken to be resident at their term-time address.

Labour Supply

Labour supply consists of people who are employed, as well as those people defined as unemployed or economically inactive, who can be considered to be potential labour supply. Information in this section relates to the characteristics of people living in an area.

Most labour supply data comes from the Annual Population Survey (APS). The APS is the largest regular household survey in the United Kingdom. It includes data from the Labour Force Survey (LFS), plus further sample boosts in England, Wales and Scotland. The survey includes data from a sample of around 256,000 people aged 16 and over.

As APS estimates are based on samples, they are subject to sampling variability. This means that if another sample for the same period were drawn, a different estimate might be produced. In general, the larger the number of people in a sample, the smaller the variation between estimates. Estimates for smaller areas such as local authorities are therefore less reliable than those for larger areas such as regions. When the sample size is too small to produce reliable estimates, the estimates are replaced with a #.

Economically Active

People who are either in employment or unemployed.

Economic Activity Rate

People, who are economically active, expressed as a percentage of all people.

In Employment

People who did some paid work in the reference week (whether as an employee or self employed); those who had a job that they were temporarily away from (eg, on holiday); those on government-supported training and employment programmes; and those doing unpaid family work.

Employment Rate

The number of people in employment expressed as a percentage of all people aged 16-64.

Employees And Self Employed

The division between employees and self employed is based on survey respondents' own assessment of their employment status. The percentage show the number in each category as a percentage of all people aged 16-64. The sum of employees and self employed will not equal the in employment figure due to the inclusion of those on government-supported training and employment programmes, and those doing unpaid family work in the latter.

Unemployed

Refers to people without a job who were available to start work in the two weeks following their interview and who had either looked for work in the four weeks prior to interview or were waiting to start a job they had already obtained.

Model-Based Unemployed

As unemployed form a small percentage of the population, the APS unemployed estimates within local authorities are based on very small samples so for many areas would be unreliable. To overcome this ONS has developed a statistical model that provides better estimates of total unemployed for unitary authorities and local authority districts (unemployment estimates for counties are direct survey estimates). Model-based estimates are not produced for male or female unemployed.

The model-based estimate improves on the APS estimate by borrowing strength from the Claimant Count to produce an estimate that is more precise (i.e. has a smaller confidence interval). The number of people measured by the Claimant Count is not itself a measure of unemployment but is strongly correlated with unemployment, and, as it is an administrative count, is known without sampling error. The gain in precision is greatest for areas with smaller sample sizes.

Unemployment Rate

Unemployed as a percentage of the economically active population.

Economically Inactive

People who are neither in employment nor unemployed. This group includes, for example, all those who were looking after a home or retired.

Wanting A Job

People not in employment who want a job but are not classed as unemployed because they have either not sought work in the last four weeks or are not available to start work.

Not Wanting A Job

People who are neither in employment nor unemployed and who do not want a job.

Workless Households

Households

A household is defined as a single person, or a group of people living at the same address who have the address as their only or main residence and either share one main meal a day or share living accommodation (or both). For the purposes of this table, estimates only include those households where at least 1 person is aged 16 to 64.

Workless Households

Households where no-one aged 16 or over is in employment. These members may be unemployed or economically inactive. Economically inactive members may be unavailable to work because of family commitments, retirement or study, or unable to work through sickness or disability.

Children

Children refers to all children under 16.

Occupation

Occupations are classified according to the Standard Occupation Classification 2010. Descriptions of the job titles included in each code are available in the SOC manuals.

Qualifications

Qualifications data are only be available from the APS for calendar year periods, for example, Jan to Dec 2005. The variables show the total number of people who are qualified at a particular level and above, so data in this table are not additive. Separate figures for each NVQ level are available in the full Annual Population Survey data set (Query data).

The trade apprenticeships are split 50/50 between NVQ level 2 and 3. This follows ONS policy for presenting qualifications data in publications. Separate counts for trade apprenticeships can be obtained from the full APS data set (Query data).

No Qualifications, no formal qualifications held.

Other Qualifications, includes foreign qualifications and some professional qualifications.

NVQ 1 Equivalent, e.g. fewer than 5 GCSEs at grades A-C, foundation GNVQ, NVQ 1, intermediate 1 national qualification (Scotland) or equivalent.

NVQ 2 Equivalent, e.g. 5 or more GCSEs at grades A-C, intermediate GNVQ, NVQ 2, intermediate 2 national qualification (Scotland) or equivalent.

NVQ 3 Equivalent, e.g. 2 or more A levels, advanced GNVQ, NVQ 3, 2 or more higher or advanced higher national qualifications (Scotland) or equivalent.

NVQ 4 Equivalent And Above, e.g. HND, Degree and Higher Degree level qualifications or equivalent.

Earnings By Residence

The figures show the median earnings in pounds for employees living in