Economy
| Oldham compared | |||
|---|---|---|---|
| 2001 UK Census | Oldham | Greater Manchester | England |
| Population of working age | 152,602 | 1,805,315 | 35,532,091 |
| Full-time employment | 40.7% | 40.3% | 40.8% |
| Part-time employment | 11.6% | 11.3% | 11.8% |
| Self employed | 6.8% | 6.7% | 8.3% |
| Unemployed | 3.7% | 3.5% | 3.3% |
| Retired | 13.0% | 13.0% | 13.5% |
The average gross weekly income in the borough of Oldham is £297; not only is this below the national average but it is the lowest of Greater Manchester's ten boroughs. Environmental technologies and life science industries have been identified as growth industries in Greater Manchester and are concentrated in Oldham as well as Bolton, Manchester, and Tameside. Out of the ten metropolitan boroughs in Greater Manchester, the average house prices in Oldham are seventh highest, 15% below the average for the county.
As of the United Kingdom Census 2001, Oldham had 152,602 residents aged 16 to 74. Of these people, 2.1% were students with jobs, 3.9% students without jobs, 6.7% looking after home or family, 7.7% permanently sick or disabled and 3.8% economically inactive for other reasons.
In 2001, of 92,777 residents of Oldham in employment, the industry of employment was 20.4% retail and wholesale, 20.3% manufacturing, 10.7% health and social work, 9.2% property and business services, 7.5% education, 7.1% construction, 6.7% transport and communications, 5.0% public administration and defence, 4.6% hotels and restaurants, 3.6% finance, 0.8% energy and water supply, 0.5% agriculture, and 3.7% other. This was roughly in line with national figures, although the proportion of jobs in agriculture was below the national average of 1.5% and the rates of people working in the areas of finance and property were below the national averages of 4.8% and 13.2 respectively; the proportion of people working in retail and wholesale was above the national average of 16.7%, and much higher than the national average of 14.8% for people working in manufacturing.
Read more about this topic: Metropolitan Borough Of Oldham
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)