Economy & Employment
This report is available for the following features:
Many factors play a part in the success of a local economy, including natural resources, a workforce with skills, quality of infrastructure, strong linkages with wider economies and successful distribution of wealth. This report displays data about the labour market in Wandsworth and includes measures of overall economic activity and levels of worklessness.
Economically active| Wandsworth
The Annual Population Survey (APS) is a combined survey of households in Great Britain. Its purpose is to provide information on key social and socioeconomic variables between the 10-yearly censuses, with particular emphasis on providing information relating to sub-regional (local authority) areas.
Business counts| Wandsworth
The information shown below is produced from an extract taken from the Inter-Departmental Business Register (IDBR) recording the position of businesses as at 10 March 2018. Here, the term “business” is used to represent an enterprise. An enterprise can be defined as the smallest combination of legal units (generally based on VAT and/or PAYE records) that is an organisational unit producing goods or services, which benefits from a certain degree of autonomy in decision-making, especially for the allocation of its current resources.
Gross value added| Wandsworth
Gross value added (GVA) is a measure of the increase in the value of the economy due to the production of goods and services. It is measured at current basic prices, which include the effect of inflation, excluding taxes (less subsidies) on products (for example, Value Added Tax). GVA plus taxes (less subsidies) on products is equivalent to gross domestic product (GDP).
Apprenticeships are paid jobs that incorporate on-and off-the-job training leading to nationally recognised qualifications. As an employee, apprentices earn as they learn and gain practical skills in the workplace. Apprenticeships achieved refers to the number of apprenticeships successfully completed. As for starts, a person who completes/achieves more than one apprenticeship in a given time period will be counted for each completion. Apprenticeships are assigned to a geographic area based on the home postcode of the learner.
Resident salaries| Wandsworth
The Annual Survey of Hours and Earnings (ASHE) is conducted in April each year to obtain information about the levels, distribution and make-up of earnings and hours worked for employees. This data set provides information about earnings of employees who are living in an area, who are on adult rates and whose pay for the survey pay-period was not affected by absence. ASHE is based on a sample of employee jobs taken from HM Revenue & Customs PAYE records. Information on earnings and hours is obtained in confidence from employers. ASHE does not cover the self-employed nor does it cover employees not paid during the reference period.