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Dundee Economic Profile April 2014

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Dundee Economic Profile April 2014 Dundee Economic Profile April 2014 Dundee Economic Profile The Dundee Economic Profile provides access to a range of news, facts and labour market information relating to the Dundee economy. Contents Dundee City Map Dundee Business Areas Map Key Indicators Demographics Economic Activity Economic Inactivity Unemployment Jobs and Employment Earnings Business News Enquiries relating to this publication can be directed to: Policy and Funding Team City Development Department Dundee City Council Tel: 01382 434651 Email: [email protected] 1 Dundee Economic Profile April 2014 Dundee City Map 2 Dundee Economic Profile April 2014 1 Alexander Street Dundee Business Areas Map 2 Baldovie Industrial Estate 3 Balgarthno Development 4 Baluniefield Industrial Estate 5 Blackness Industrial Estate 6 Broughty Ferry 7 Camperdown Industrial Estate 8 City Centre/ Murraygate (retail) 9 City Quay 10 Claverhouse Industrial Park East 11 Claverhouse Industrial Park West 12 Clepington Road 13 Cultural Quarter/West End (retail) 14 Dens Road Area 15 Discovery Quay/Greenmarket 16 Dryburgh Industrial Estate 17 Dundee Technology Park 18 Dundee Technopole 19 Dunsinane Industrial Estate 20 Forum Shopping Centre (retail) 21 Foundry Lane 22 Gallagher Retail Park (retail) 23 Kingway East 24 Kingway Retail Park (retail) 25 Linlathen Development Site 26 Lochee Area 27 Manhattan Works 28 Market Mews 29 Mid Wynd/Hawkhill 30 Ninewells Medi Park 31 North Tay Complex 32 Old Glamis Road 33 Overgate Shopping Centre (retail) 34 Peddie Street 35 Port of Dundee site 36 Riverside 37 Seabraes - Dundee Creative Media District 38 Stobswell Area 39 Strathmartine Road 40 Taybank Works 41 Taygate Trading Estate 42 Wellgate Shopping Centre (retail) 43 West Pitkerro Industrial Estate 44 Wester Gourdie Industrial Estate 3 Dundee Economic Profile April 2014 Key Indicators Demographics Population Estimates: Dundee and Scotland (2012) In 2012, an estimated 147,800 persons were resident within the City Council boundaries. Females made up 52% of the population and males 48%. Population Estimates: Dundee and Scotland (2012) Males % Females % All People Dundee City 71,096 48.1 76,704 51.9 147,800 Scotland 2,577,140 48.5 2,736,460 51.5 5,313,600 Source: GRO Mid Year Population Estimates 2012 Share of Working Age Population: Dundee and Scotland (2012) There were 98,931 working age persons (aged 16-64) in Dundee City in 2012. Share of Working Age Population: Dundee and Scotland (2012) Under 16 % Working % Retirement % Age (16- Age 64) Dundee City 23,726 16.1 98,931 66.9 25,143 17 Scotland 914,671 17.2 3,473,178 65.4 925,751 17.4 Source: GRO mid Year Population Estimates 2012 4 Dundee Economic Profile April 2014 The population of the City is expected to age over the next 25 years. By 2035, the percentage share of all age groups below 65 years is expected to decline. However, the share of those aged 65-74 is expected to rise from 9.1% to 11.4% whilst the percentage aged 75+ is also expected to rise from 8.9% to 13.4%. Age Composition of Dundee City and Scotland’s Population (2012) Dundee City Population Projections 2010- 2035 5 Dundee Economic Profile April 2014 Dundee Drivetime Dundee is a regional employment, education and retail centre. 325,766 persons reside within a 30 minute drive time of Dundee City Centre and 860,851 reside within a 1 hour drive time. Male % Female % Total 30 Minute 156,996 48.2 168,770 51.8 325,766 60 Minute 416,684 48.4 444,167 51.6 860,851 Source: 2011Census 213,728 working age persons (aged 16-64) reside within 30 minutes of Dundee City Centre and 555,809 reside within a 1hour drive time. 30 Minute Drive 60 Minute Drive Aged 0-15 52,607 149,902 Aged 16-24 47,706 103,073 Aged 25-44 79,452 212,813 Aged 45-59 65,364 181,390 Aged 60-64 21,206 58,533 Aged 65plus 59,431 155,140 Total 325,766 860,851 Source: 2011 Census 6 Dundee Economic Profile April 2014 Economic Activity Economic Activity is a measure of those who are employed or actively seeking work (those in employment and the ILO unemployed). Economic Activity in Dundee City and Scotland (January 13 – December 13) In the year January 13 - December 13 the City had an estimated economically active population of 66,800 or 70.6 % of the working age population (age 16-64). Economic activity levels in Dundee trail the Scottish average by 6.4%. Economic Activity in Dundee City and Scotland January 13 – December 13 Economically Active Economic Activity Working Age Persons Rate (%) Working Aged Persons Dundee City 66,800 70.6 Scotland 2,611,400 77.0 Source: Annual Population Survey January 13 – December 13 Economic Inactivity Economically Inactive Population aged 16-64 (January 13 – December 13) In the year January 2013 - December 2013, long term sick made up the largest group of the inactive population at 29.3%. Students made up the second largest share 24.5%. Economically Inactive Population aged 16-64 January 13 – December 13 Dundee City % Scotland % Student 6,800 24.5 181,700 23.3 Looking after 4,300 15.3 158,900 20.4 family/home Temporary sick 1,700 6.0 20,100 2.6 Long term sick 8,200 29.3 224,400 28.8 Retired 3,300 11.7 125,100 16.0 Other 3,300 11.7 62,100 8.0 Source: Annual Population Survey January 13 – December 13 7 Dundee Economic Profile April 2014 Unemployment The government’s preferred measure of unemployment is the ILO Rate. This is an internationally comparable measure based on information gathered from the UK wide Labour Force Survey. At sub-region level however, the survey based ILO Rate lacks statistical robustness and therefore unemployment is measured via the claimant count (those claiming Job Seekers Allowance). Benefit rules means that this measure does not capture the totality of joblessness nevertheless it provides a useful gauge of trends in the local labour market. All Claimants of Job Seekers Allowance (JSA) March 13 – March 14 The City’s claimant unemployment rate stood at 4.6% in March 2014, this compares to 5.7% in March 2013. Dundee’s claimant rate remains above the Scottish average of 3.2% in March 2014. All Claimants of Job Seekers Allowance March 13 – March 14 Males Rate* Females Rate* Persons Rate* March 13 Dundee City 4,103 8.5 1,564 3.1 5,667 5.7 Scotland 98,144 5.8 44,821 2.5 142,965 4.1 March 14 Dundee City 3,232 6.7 1,282 2.5 4,514 4.6 Scotland 76,315 4.5 34,407 1.9 110,722 3.2 % Change March 13 – March 14 Dundee City -21.2 -21.2 -18.0 -19.4 -20.3 -19.3 Scotland -22.2 -22.4 -23.2 -24.0 -22.6 -22.0 Source: Nomis *Rate expressed as a % of the Resident Working Age Population 8 Dundee Economic Profile April 2014 Jobseekers allowance claimant rates in Dundee stood at a historical low of 3.4 in 2008. However, the impact of the recession resulted in the rate rising to 5.8 in 2013. Historical change in JSA claimant rate: Dundee and Scotland Source: Nomis Long term claimants of JSA March 13 – March 14 The percentage of long-term claimants (12 months+) in Dundee in March 2014 stood at 35.8%. This is similar to the percentage of long term claimants in March 2013. Long term claimants of JSA March 13 – March 14 Males % Females % Persons % March 13 Dundee City 1,580 38.5 445 28.4 2,025 35.7 Scotland 28,100 28.7 10,460 23.4 38,560 27.0 March 14 Dundee City 1,215 37.6 400 31.2 1,615 35.8 Scotland 22,060 29.0 9,120 26.6 31,185 28.2 Source: Nomis Data rounded to nearest 5 (disclosure control) 9 Dundee Economic Profile April 2014 Youth claimants of JSA March 13 – March 14 Absolute numbers of youth claimants fell from 1,500 in March 13 to 1,145 in March 14. Youth claimants of JSA March 13 – March 14 Males % Females % Persons % March 13 Dundee City 1,085 26.4 415 26.6 1,500 26.5 Scotland 26,710 27.3 12,235 27.3 38,945 27.3 March 14 Dundee City 800 24.7 350 27.2 1,145 25.4 Scotland 19,480 25.6 8,870 25.9 28,350 25.7 Source: Nomis. Youth claimants = those aged 16 – 24 Data rounded to nearest 5 (disclosure control) Historical change in JSA claimant numbers: Dundee All ages, long term and youth. 7,000 6,000 5,000 All ages 4,000 Long term claimants (over 12 3,000 months) JSA ClaimantsJSA Youth (aged 16-24) 2,000 1,000 0 2008 2004 2005 2006 2007 2009 2010 2011 2012 2013 10 Dundee Economic Profile April 2014 Jobs and Employment In 2012 the number of jobs in Dundee stood at 71,300. The number of full time jobs fell from 48,100 in 2011 to 47,000 in 2012. In 2011 the number of part time jobs stood at 23,900. This has increased to 24,200 in 2012. Dundee City Employment Trends 2010 – 2012 Source: Nomis 11 Dundee Economic Profile April 2014 Human health and social work activities account for 22.7% of jobs in 2012. Wholesale and retail trade provided 16.8% of jobs. Employment in Dundee by Industry sector 2012 Sector Employees Agriculture, forestry and fishing 0 Mining and quarrying ! Manufacturing 4,900 Electricity, gas, steam and air conditioning supply ! Water supply; sewerage, waste management and remediation activities 400 Construction 3,300 Wholesale and retail trade; repair of motor vehicles and motorcycles 12,000 Transportation and storage 1,800 Accommodation and food service activities 4,300 Information and communication 2,600 Financial and insurance activities 1,400 Real estate activities 1,000 Professional, scientific and technical activities 2,800 Administrative and support service activities 3,100 Public administration and defence; compulsory social security 5,600 Education 8,000 Human health and social work activities 16,200 Arts, entertainment and recreation and other service activities 3,700 Total 71,300 Source: NOMIS All figs have been rounded to the nearest 100.
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