Ipswich is the administrative centre of Suffolk County, and currently enjoys the distinction of having one of the fastest rising economies in Great Britain. Ipswich is projected to expand employment by as much as 30,000 by 2023. In 2011, its population of 70,000 was classified as 85% economically active by the Office of National Statistics - an impressive figure given the national average of 76%.
The town's large public sector provides jobs for about one-third of the workforce, and the education sector is especially productive. The University of Suffolk alone sustains a staff of 7000. The Ipswich Borough Council and the Ipswich Hospital NHS Trust, which employs 3500, are both employment leaders in the town. But the high-tech industry is nonetheless at the forefront of Ipswich's recent success. Based primarily in the Adastral Park technology centre, where more than 250 tech companies are headquartered, the emerging industry has lately had a profound impact on the region. BT, a hi-tech corporation with more than 3500 employees, is the largest employer in Ipswich's private sector.
Transport and logistics account for another quarter of Ipswich's job market, and the finance and banking sector provides an additional fifth of local jobs. Median weekly income was £458.60, and 4.8% of residents (most of whom fall into the 18-24 age group) were without work in 2012. But recruitment agencies anticipate unemployment in the region will decline steadily as the UK rebounds from the recent economic downturn.