Designated in 1955, Cardiff is the youngest capital in the UK. The Welsh city has undergone a substantial transformation in recent decades, and is now one of the most cosmopolitan regions in Great Britain. Formerly the globes chief exporter of iron and coal, Cardiff now has a diverse economy driven by tourism, technology, and finance. Its relatively low cost of living has drawn countless business investments, and the recent redevelopment of Cardiff Bay has created one of the largest seaside developments in Europe.
Today, manufacturing only accounts for about 7% of all employment, while the public sector employs nearly a third of the workforce. The bustling retail sector is responsible for another 20% of local employment opportunities, and there are a further 28,000 jobs in the financial sector. With more than 600 media companies operating in Cardiff, the city is home to a large independent TV and film industry, with a staff of more than 6000.
Though median weekly incomes here fall slightly below national averages (£494 compared to £508), Cardiff has a highly skilled workforce. Nearly 40% have attained an NVQ4 or higher, and 26% work in professional occupations. Unemployment was on par with the national average in 2012. Admiral Insurance, Yell PLC, British Gas, Conduit 118118, and ING are amongst the regions top employers, all of which frequently contribute to local recruitment agency listings.