When considering relocating for work, it's important to thoroughly research the job market in your chosen location. For those considering Newcastle upon Tyne, the job market is a strong contender. This city is known for its friendly atmosphere and beautiful scenery, making it a popular choice for people looking to make a move. In this article, we'll take a closer look at Newcastle's job market, including key industries, job opportunities, and potential challenges for job-seekers.
Overview of Newcastle upon Tyne's Job Market
Newcastle upon Tyne is a vibrant city with a diverse economy that's supported by various sectors such as healthcare, digital and technology, education, retail, and tourism. The city has a rich history and culture, which attracts visitors from all over the world. The iconic Tyne Bridge, St. James' Park football stadium, and the Angel of the North are just a few examples of the city's landmarks that make it a great place to live and work.
The city is home to numerous universities and research centres, which contribute to the local economy by providing a significant intellectual workforce. Newcastle University and Northumbria University are two of the largest universities in the city, offering a wide range of courses and research opportunities. The universities attract students from all over the world, making Newcastle a truly international city.
Overall, the job market in Newcastle upon Tyne is relatively stable and growing due to significant government investment in the region. The government has recognised the potential of the city and has invested in various sectors to boost the economy and create jobs.
Key industries in Newcastle upon Tyne
Healthcare is a significant driver of Newcastle's economy, with the largest employer in the city being the National Health Service (NHS). The NHS employs thousands of people in the region, providing healthcare services to the local community. The city is also home to the Newcastle Hospitals NHS Foundation Trust, which is one of the largest teaching hospital trusts in the UK.
Other key sectors include education, with Newcastle being home to two large universities. The universities provide a significant number of jobs in the region, from lecturers and researchers to administrative staff. The creative and cultural industries are also important for the city, which has been boosted by the region's designation as a UNESCO City of Literature. The city is home to many museums, galleries, and cultural events, making it a great place for those interested in the arts.
The city is also home to a growing technology and digital sector, with numerous start-ups and established companies choosing Newcastle as their base due to its affordability and access to a skilled workforce. The city has a thriving tech scene, with companies such as Sage, Ubisoft, and ZeroLight having offices in the region. The city also has a growing fintech sector, with companies such as Atom Bank and True Potential Wealth Management based in Newcastle upon Tyne.
Unemployment rate and job growth
Newcastle upon Tyne has a relatively low unemployment rate, hovering around 5% over recent years. The city has seen positive job growth due to the government's focus on investing in the region and its various sectors, particularly in technology and healthcare. The government's investment has led to the creation of many new jobs in the region, providing opportunities for people from all backgrounds.
The region is also benefiting from the government's Northern Powerhouse initiative, which aims to boost economic growth in the north of England. The initiative has led to increased investment in infrastructure and transport links, making it easier for people to travel to and from Newcastle upon Tyne.
Average salaries and cost of living
While salaries in Newcastle upon Tyne are not necessarily as high as other areas in the UK, they are competitive within the region. The average salary in the city is around £25,000 per year, which is higher than the national average. Additionally, the cost of living in Newcastle upon Tyne is lower than in other major UK cities such as London, Edinburgh and Manchester. This means that residents of Newcastle upon Tyne can enjoy a good quality of life without breaking the bank, making it an attractive option for those considering relocation.
The city has a range of affordable housing options, from modern apartments to traditional terraced houses. The city also has a great public transport system, with buses and trains running regularly throughout the day. The city's compact size also makes it easy to get around on foot or by bike.
Newcastle upon Tyne is a great city to live and work in, with a diverse economy and a range of job opportunities. The city has a rich history and culture, and its residents are proud of their city. Whether you're interested in healthcare, education, technology, or the arts, Newcastle upon Tyne has something to offer everyone.
Job Opportunities in Various Sectors
Technology and digital sector
Newcastle's technology and digital sector is growing rapidly thanks to government investment, the city's expanding university focus on innovation, and the emergence of several start-ups in the region. Companies such as Greggs, Sage, and Ubisoft have set up offices in Newcastle upon Tyne to tap into the area's promising tech pool.
Healthcare and social work
Healthcare and social work are essential to the economy of Newcastle upon Tyne, with major hospitals such as the Royal Victoria Infirmary and Freeman Hospital among the largest employers in the city. As a result, there are various job opportunities in healthcare and social work, ranging from medical professionals to administrative staff.
Education and research
With two major universities in the city (the University of Newcastle and Northumbria University), plus numerous research centres and think tanks, Newcastle upon Tyne has a wealth of opportunities in education and research. There are plenty of job opportunities for academics, researchers and administrative staff, making it an attractive option for those in academia.
Retail and hospitality
Retail and hospitality are also important industries in the city, with a large number of people employed in this sector. With Newcastle being a popular tourist destination, the hospitality industry is thriving, with plenty of opportunities for those looking for work in restaurants, cafes, hotels and other tourism-related activities.
Creative and cultural industries
The creative and cultural industries have also grown over recent years, with the region boasting a UNESCO City of Literature designation and numerous theatres, museums, and art galleries. The sector employs a large number of people, ranging from digital designers to event planners.
Pros and Cons of Working in Newcastle upon Tyne
Advantages of working in Newcastle
Newcastle upon Tyne has a lot to offer those considering a move for work. The city has a low cost of living compared to other major UK cities, making it an attractive option for those looking to buy a house or save on rent. Additionally, the standard of living is high, with numerous cultural and scenic attractions available. With its growing economy, expanding tech sector, and focus on healthcare and education, Newcastle upon Tyne is a great place to start or evolve your career.
Potential challenges and drawbacks
The job market in Newcastle upon Tyne is relatively stable, but as with any location, there are challenges for job-seekers. Competition for jobs in the city can be high, and the salary levels may not be as high as in other locations. Additionally, while Newcastle upon Tyne may be well-connected to other parts of the UK by road and rail, it is still relatively isolated geographically. This may be a drawback for those who want frequent access to other major cities.
Tips for Job Seekers in Newcastle upon Tyne
Networking and local job fairs
If you're looking for a job in Newcastle upon Tyne, networking is important. This can involve attending local job fairs or joining professional groups or clubs. Networking can be an effective way of tapping into the hidden job market, discovering new opportunities, and meeting like-minded professionals.
Utilizing Online Job Portals: such as Sector1 and LinkedIn
Online job portals such as Sector1 and LinkedIn are popular resources for job-seekers, and Newcastle upon Tyne is no exception. By creating an account and uploading your CV, you can apply for jobs in Newcastle upon Tyne and beyond. Additionally, by creating a LinkedIn profile and engaging in relevant groups or discussions, you can present yourself as an expert in your field.
Engaging with recruitment agencies
Recruitment agencies can be a great resource for job-seekers in Newcastle upon Tyne. Look for agencies that specialize in your field or industry, and submit your CV for consideration. Recruitment agencies in Newcastle upon Tyne can help you find the perfect fit for your skills and experience, and provide guidance on how to improve your CV or interviewing skills.
Preparing for interviews and assessments
Finally, it is vital to prepare for interviews and assessments thoroughly. Research the company and the role, and ensure that you have a good understanding of the skills and experience required. Additionally, practice answering common interview questions and be prepared to give examples of your previous work experience. By doing so, you'll present yourself as a confident, capable candidate for the job.
Conclusion
Newcastle upon Tyne is a great place to find work, thanks to its growing economy, diverse job opportunities, and low cost of living. While there may be challenges for job-seekers, the city's numerous job recruitment agencies and online job portals can help you find the perfect role. By taking advantage of the opportunities available and preparing thoroughly for interviews and assessments, you can start or advance your career in Newcastle upon Tyne.