Peterborough was once best known for its manufacturing industries but service sector companies attracted by the large size of the town ended this dominance. The population is rapidly expanding and a £1 billion regeneration of the city centre and surrounding area is taking place. In common with a great deal of the UK, industrial employment has fallen. The financial services and distribution provide a great many jobs in Cambridgeshire.

Peterborough has traditionally low levels of unemployment. Demand for employees is high, particularly in the health and care work jobs sector. There are also a large number of admin and driving jobs in Peterborough.

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