Economy of Leeds

in the wider district. In 2007, 47,500 jobs were in finance and business, 42,300 in public services, and 19,500 in retail and distribution. 43% of finance sector jobs in the district are contained in Leeds city centre and 44% of those employed in the city centre live more than nine kilometres (5.6 miles) away. Tourism is important to the Leeds economy, in 2009 Leeds was the 8th most visited city in England by UK visitors. and the 13th most visited city by overseas visitors. Research by VisitEngland reported that the day visitor market to Leeds attracts 24.9 million people each year, worth over £654 million to the local economy.

In January 2011, Leeds was named as one of five "cities to watch" in a report published by Centre for Cities. The report shows that the average resident in Leeds earns £471 per week, seventeenth nationally and 30.9% of Leeds residents had NVQ4+ high level qualifications, fifteenth nationally. Employment in Leeds was 68.8% in the period June 2012 to June 2013, which was lower than the national average, whilst unemployment was higher than the national average at 9.6% over the same time period. It also shows that Leeds will be the least affected major city by welfare cuts in 2014/2015, with welfare cuts of -£125 per capita predicted, compared to -£192 in Liverpool and -£175 in Glasgow. Leeds is overall less deprived than other large UK cities and average income is above regional averages