Liverpool jobs market

Once the ‘Second City of Empire’, Liverpool is known worldwide for its rich heritage, cultural diversity, architectural excellence, passion for football, and stable economy. While being the home of the Beatles, the city is also an important centre for trading activities in Northern England. From the Beatles Story museum to Albert Dock, Walker Art Gallery and St George’s Hall, the city has something for everyone.
Liverpool is one of the top 12 cities to live in the UK, according to a recent MoneySuperMarket.com ranking based on key economic indicators, including house prices, living costs, employment rates, salary growth, and life satisfaction. Also, Liverpool has recently been voted the friendliest city in the UK, according to a YouGov survey, and the UK’s second happiest place to work, according to a survey by international business psychology consultancy firm OPP. It is not hard to see why Liverpool is the go-to destination for many job seekers in the UK.

Job Opportunity

Since Liverpool earned the ‘European Capital of Culture’ title in 2008, the city saw new investments, including funding from the government and the EU, flowing into its tourism, construction, and other sectors. Over the last few years, the city’s unemployment rate has fallen to a new low and employment outlook has become more bullish. According to a recent report by researchers at Oxford Economics, the city is likely to see 2.6 percent employment growth between 2015 and 2020 – much higher than the growth projected for international cities like Berlin and Paris, at only one percent and 1.7 percent, respectively. Small and medium enterprises are likely to create 7000 new jobs in Liverpool by 2020, says another report by Capital Economics. Meanwhile, The Liverpool City Region Local Enterprise Partnership (LEP) is working on a project that could create 100,000 additional jobs in the city by 2040.

Key Industries

Liverpool has been one of the fastest growing regional economies in the United Kingdom. The key job generating sectors include the service sector, tourism, banking, insurance, manufacturing, and retail. Historically, Liverpool’s economy was dependent on the port. Even today, the port of Liverpool generates hundreds of jobs every year. Two major container shipping companies – Maersk Line and NYK have relocated their UK headquarters to Liverpool. Also, the proposed Liverpool Waters project could create around 17,000 jobs in the region over the next five decades. Here’s a look at the other key sectors.

Service Sector

Being an important centre for public administration in Northwest England, Liverpool houses many government offices, including Her Majesty's Revenue and Customs department, HM Passport Office, and the office of Criminal Records Bureau. This is why public sector jobs are available abounds in the city. You can also find a wide variety of private jobs in the insurance, finance, banking, and healthcare sectors. Leading banking, finance, and insurance companies, including Alliance & Leicester, JPMorgan, Royal Bank of Scotland Group, Barclays, HBOS and Abbey National have offices in the city. Put simply, the service sector employs more than 50 percent of the city’s workforce.

Retail

The retail sector is also growing at a steady pace. Most of the retail outlets are located at Lord Street, Mathew Street, Church Street, and Bold Street. Built over 42 acres of land, the shopping and residential complex Liverpool ONE houses more than 150 stores, creating hundreds of jobs for salespersons, store managers, and marketing executives. Other notable shopping centres in the city are St. John's Shopping Centre, Clayton Square Shopping Centre, New Strand Shopping Centre, and New Mersey Shopping Park.

Manufacturing & Knowledge Economy

Liverpool houses manufacturing units for several acclaimed automobile companies, including Halewood – which manufactures and assembles Land Rover Freelander and Range Rover Evoque models. Liverpool is also home to several New Media companies. Some of the top gaming companies, including Sony and Activision have computer game developing studios in the city.

Tourism

Tourism plays a major role in the city’s economy. Tourists from all around the globe flock to the city to visit its famous attractions, such as Anglican cathedral, Walker Art Gallery, Metropolitan Cathedral of Christ the King, Albert Dock, and St George’s Hall.

If you are planning your career in Liverpool, you are definitely on the right track. Whether you are an engineer, designer, musician, teacher or accountant, you’ll find many suitable jobs in Liverpool.
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