The following table provides summary statistics for contract job vacancies advertised in the West Midlands with a requirement for Economics skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Economics over the 3 months to 24 June 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Economics
England / West Midlands
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank 114 139 118
Rank change year-on-year +25 -21  
Contract jobs citing Economics 2 3 3
As % of all contract IT jobs advertised in the West Midlands 0.100% 0.099% 0.13%
As % of the Processes & Methodologies category 0.12% 0.12% 0.16%
Number of daily rates quoted 1 2 3
Median daily rate £325 £266 £240
Median daily rate % change year-on-year +22.18% +10.83%  
UK excluding London median daily rate £363 £432 £369
% change year-on-year -16.08% +17.15%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Economics is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the West Midlands with a requirement for process and methodology skills.

Contract Process & Methodology Skills
West Midlands
Contract job vacancies with a requirement for process and methodology skills 1676 2495 1842
As % of all contract IT job vacancies advertised in the West Midlands 83.51% 82.64% 77.01%
Number of daily rates quoted 993 1489 1158
Median daily rate £404 £400 £375
Median daily rate % change year-on-year +0.93% +6.66%  
90% offered a daily rate of more than £275 £250 £250
10% offered a daily rate of more than £550 £525 £500
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 70 56 74
Median hourly rate £28.00 £24.50 £27.50
Median hourly rate % change year-on-year +14.28% -10.90%  
90% offered a hourly rate of more than £12.50 £13.00 £15.00
10% offered a hourly rate of more than £52.50 £40.05 £44.00
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

Economics
Job Vacancy Trend in the West Midlands

The job posting trend of jobs advertised in the West Midlands citing Economics as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Economics in the West Midlands

Economics
Contractor Daily Rate Trend in the West Midlands

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Economics in the West Midlands.

Contractor daily rate trend for Economics in the West Midlands

Economics
Contractor Hourly Rate Trend in the West Midlands

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Economics in the West Midlands.

Contractor hourly rate trend for Economics in the West Midlands

Economics
Contract Job Locations in the West Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Economics within the West Midlands region over the 3 months to 24 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Dudley +4 1 - -
Economics
England

For the 6 months to 24 June 2017, IT contractor jobs citing Economics also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the West Midlands region with a requirement for Economics.

1 4 (66.67%) Degree
2 3 (50.00%) Finance
2 3 (50.00%) Agile Software Development
3 2 (33.33%) Programme Management
3 2 (33.33%) Marketing
3 2 (33.33%) Data Centre
3 2 (33.33%) Translating Business Requirements
3 2 (33.33%) Infrastructure Transformation
3 2 (33.33%) Programme Governance
4 1 (16.67%) Virtual Team
4 1 (16.67%) Resource Allocation
4 1 (16.67%) Numerate Degree
4 1 (16.67%) Incident Management
4 1 (16.67%) Load Balancing
4 1 (16.67%) Mathematics
4 1 (16.67%) Lean Six Sigma
4 1 (16.67%) Data Migration
4 1 (16.67%) Six Sigma Green Belt
4 1 (16.67%) Stakeholder Engagement
4 1 (16.67%) R
4 1 (16.67%) Business Transformation
4 1 (16.67%) Analytical Skills
4 1 (16.67%) PMBOK
4 1 (16.67%) Private Cloud
4 1 (16.67%) Service Management
4 1 (16.67%) Service Delivery
4 1 (16.67%) Change Management
4 1 (16.67%) Firewall
4 1 (16.67%) ITSM
4 1 (16.67%) Management Information System

Economics
Co-occurring IT Skills in the West Midlands by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (16.67%) Microsoft Excel
Communications & Networking
1 1 (16.67%) Firewall
1 1 (16.67%) LAN
1 1 (16.67%) SAN
1 1 (16.67%) Wi-Fi
1 1 (16.67%) WLAN
General
1 3 (50.00%) Finance
2 2 (33.33%) Marketing
3 1 (16.67%) Banking
Job Titles
1 3 (50.00%) Programme Manager
2 2 (33.33%) Analyst
2 2 (33.33%) Infrastructure Manager
2 2 (33.33%) Infrastructure Programme Manager
3 1 (16.67%) Business Intelligence Analyst
3 1 (16.67%) Change Manager
3 1 (16.67%) Change Project Manager
3 1 (16.67%) Project Change Manager
3 1 (16.67%) Project Manager
3 1 (16.67%) Service Analyst
3 1 (16.67%) Service Desk Analyst
Libraries, Frameworks & Software Standards
1 1 (16.67%) Middleware
Miscellaneous
1 2 (33.33%) Data Centre
2 1 (16.67%) Analytical Skills
2 1 (16.67%) Management Information System
2 1 (16.67%) Private Cloud
2 1 (16.67%) Virtual Team
Operating Systems
1 1 (16.67%) Linux
1 1 (16.67%) Mac OS X
1 1 (16.67%) MVS
1 1 (16.67%) Unix
1 1 (16.67%) Windows
Processes & Methodologies
1 3 (50.00%) Agile Software Development
2 2 (33.33%) Infrastructure Transformation
2 2 (33.33%) Programme Governance
2 2 (33.33%) Programme Management
2 2 (33.33%) Translating Business Requirements
3 1 (16.67%) Business Intelligence
3 1 (16.67%) Business Transformation
3 1 (16.67%) Data Migration
3 1 (16.67%) Incident Management
3 1 (16.67%) ITIL
3 1 (16.67%) Lean Six Sigma
3 1 (16.67%) Load Balancing
3 1 (16.67%) Mathematics
3 1 (16.67%) PRINCE2
3 1 (16.67%) Project Management
3 1 (16.67%) Resource Allocation
3 1 (16.67%) Service Management
3 1 (16.67%) Six Sigma
3 1 (16.67%) SOA
3 1 (16.67%) Stakeholder Engagement
Programming Languages
1 1 (16.67%) Python
1 1 (16.67%) R
1 1 (16.67%) SQL
Qualifications
1 4 (66.67%) Degree
2 1 (16.67%) A+ Certification
2 1 (16.67%) Numerate Degree
2 1 (16.67%) PMI Certification
2 1 (16.67%) PMP
2 1 (16.67%) PRINCE2 Certification
2 1 (16.67%) Six Sigma Green Belt
Quality Assurance & Compliance
1 1 (16.67%) PMBOK
1 1 (16.67%) SLA