Economy
A modern pharmaceutical factory and laboratories, and a steel rolling mill are among the more recent developments, but the mill has suffered greatly as a result of the restrictions in place by the American steel trade. Considerable unemployment is expected locally.
As of the 2001 UK census, the economic activity of residents aged 16–74 of Queenborough and its neighbouring villages of Minster-on-Sea, Rushenden and Halfway Houses was 42.0% in full-time employment, 12.7% in part-time employment, 7.1% self-employed, 3.4% unemployed, 1.5% students with jobs, 3.0% students without jobs, 14.6% retired, 8.0% looking after home or family, 5.3% permanently sick or disabled and 2.4% economically inactive for other reasons. The unemployment rate of 3.40% was similar to the national rate of 3.35%.
The industry of employment of residents was 24% manufacturing, 16% retail, 9% construction, 9% real estate, 10% transport & communications, 7% health & social work, 7% public administration, 5% education, 4% hotels & restaurants, 2% finance, 1% agriculture and 3% other community, social or personal services. Compared to national figures, the town had a relatively high percentage of workers in manufacturing, construction, public administration and transport & communications, and a relatively low percentage in agriculture, health & social work, education, finance and real estate.
Read more about this topic: Queenborough
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