THE 2023 December Surrey Labour Market Intelligence Report released by the Surrey Board of Trade shows that job growth was driven by key service sectors and mixed growth in goods-producing sectors.
The largest industry employment sectors in Surrey in November 2023 were mainly traditional staple sectors:
1. Wholesale and retail trade (54,752 or 16.2% of total jobs in Surrey);
2. Health care and social assistance (40,534 or 12.0% of total jobs in Surrey);
3. Construction (32,399 or 9.6% of total jobs in Surrey); and,
4. Transportation and warehousing (31,934 or 9.4% of total jobs in Surrey).
The sectors with the most negative employment change in Surrey over the last 12 months are estimated to be:
- Employment in business, building and other support services declined by a huge 19.3% or minus 2,964 jobs.
- Manufacturing employment in Surrey dropped by 2.6% over the last 12 months (or minus 736 jobs).
- Surrey’s information, culture and recreation sector employment fell by 428 jobs or 3.2%.
Over the last 12 months, except for slight growth in resources and construction, Surrey experienced employment growth totally in service-producing sectors. Those with the greatest job growth to November 2023 are estimated to be:
- Professional, scientific and technical services employment led the way with an increase of almost 12.5% or over 3,000 jobs;
- Transportation and warehousing grew by almost 2,800 jobs or 9.6% over this period;
- The “other services” sector grew by over 2,200 jobs for a 18.9% increase; and,
- Finance, insurance, real estate and rental and leasing increased by almost 2,000 positions or 13.0% since November 2022.
