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Business & Retail

Business services are about the administration and other activates for making the exchange of products and services possible. Retail is the sale of goods in shops and online.

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There are over

Employed in this sector in the Humber

This accounts for over

%

Of employment in the region

Did You Know?

There are over

Businesses in this sector in the Humber region

This has created

Jobs in the region

The Gross Value Added (GVA) of this sector is expected to grow 

%

In the Humber Sub Region over

%
of retailers employ fewer than 10 people
%

of the retail workforce is female

A third of retail staff are aged under 25 years
Finance and business services have an ageing workforce and employers are keen to encourage young people into the industry

Automation is increasing on this sector due to technological advances; therefore there will be fewer lower and unskilled jobs in the future

Employers are looking for people with good communication and IT skills
Employers are looking for employability skills such as communication, team working as well as formal qualifications

Will there be opportunities available?

It is predicted there will be
%

more jobs in this sector over the coming 

jobs nationally will be needed to be filled as a result of people leaving the sector (replacement jobs) in the coming years
Finance and business services have an ageing workforce and employers are keen to encourage young people into the industry

There is an increase in demand for higher level skills (level 4 and 5) to fill management and professional roles

Employment trends for the Humber show that this is an increasing sector for employment

Useful sector specific sites

LMI Humber YouTube Sector Video
business retail
Download the PDF here

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