Jobs Prospects and the Economy of Leeds

Leeds is the largest city and the cultural, financial and commercial heart of the West Yorkshire Built-up Area. The city of Leeds has a lot to offer in terms of employment opportunities and economic growth. Showing promised socio-economic growth, Leeds is also known to be the UK’s fourth-most populous urban area with a reported population of 1.8 million in 2013.  Leeds is ranked as a “High Sufficiency” level city by the Globalization and World Cities Research Network. Leeds has become the major legal and financial center with the financial and insurance services business valuing £13 billion to the city’s economy. Immense growth in the corporate and legal structure after the post-industrial era has managed to rank this city as one of the biggest growing cities in terms of business and opportunities and employment. Increased local affluence has led to a growing retail sector, together with the luxury goods market and financial sectors. With a diverse economy stemming from various sector, Leeds is one of the main employment centers of the United Kingdom. Not only for the UK but it shows promising employment opportunities or international applicants too. The city has shown the fastest rate of private sector jobs growth of any UK city and is also known for having highest ratio of public to private sector jobs of all the UK’s Core Cities. This city had the third-largest jobs in total by local authority area with a statistic of 480,000 in employment and self-employment at the beginning of 2015. Further economic growth has shown that this number is increasing. With 24.7% were in public administration, education and health, 23.9% were in banking, finance and insurance and 21.4% in distribution, hotels and restaurants, this city has a wide range of job opportunities.

Substantial areas of employment comprise finance, retail, leisure and the visitor economy, construction, manufacturing and the creative and digital industries.  It also has the highest ratio of private to public sector jobs of all the UK’s Core Cities, with 77% of its human resource employed by the private sector. Major companies providing job opportunities are William Hill, KPMG, Direct Line, Aviva, BT Group, Telefónica Europe (otherwise known as O2) and TD Waterhouse all also have a substantial presence in the city contributing significantly in the employment sector. These are corporation worth applying for.

Around 150 law firms operate in Leeds, providing job opportunities to over 6,700 people.  Leeds has over 30 national and international banks. It is also the headquarters for First Direct and Yorkshire Bank. Due to such great employment opportunities, this city has become a major point of attraction for job hunting. With unlimited growth perspectives, a C.V. suited to fulfill the job requirements that are high in demand in this city has very good chances of selection. A very important point to be noted is that due to versatile fields of ventures and businesses, applicants stemming from any discipline of study can find a job here.