Historically a famous steel producer, this borough in South Yorkshire, on the River Sheaf, was heavily impacted by the widespread manufacturing decline that swept Great Britain in recent decades. But with a resourceful population of more than half a million, Sheffield has since established itself as a centre for innovation, and now supports an economy worth more than £7 billion. While still retaining a relatively large manufacturing industry, which employs 12% of the workforce, Sheffield has rebounded considerably in the past decade. The borough's financial sector has grown by 57% since 2000, and local GVA has increased by 60% since 1997. Today, top employers in the area include Abbey/Santander, HSBC, Irwin Mitchell, and Halliwells LLP. The latter two companies are proof that Sheffield has also fostered a significant legal sector in recent years.
As with many regions of the UK, the public sector employs 30% of the workforce. Data from local recruitment agencies shows that the Department of Education and Skills, Sheffield City Council, University of Sheffield, and Hallam University are amongst the top local employers. The retail and hotel sector supports 23% of jobs, and more than 25,000 positions now exist in local call centres. Sheffield's unemployment was 4.6% in 2012, and median weekly income was £471.40.