London and Londoners need to compete in the global economy of the 21st Century and ride out the effects of the difficult economic climate. Employment and growth are at the heart of Mayor's second term - the Mayor is aiming to create 200,000 jobs over the course of this time. Here you will find information on the number of jobs and apprenticeships created in the capital, as well as data on broader economic performance in London. The London Enterprise Partnership is the vehicle through which many of the Mayor’s policies on skills and business are delivered.
Workforce Jobs (WFJ) is a quarterly measure of the number of jobs in the UK and is the preferred measure of the change in jobs by industry. Estimates are only available at national and regional level.
Key Point: The total number of jobs in London has increased by 1.9% over the last year, about the same as the UK overall. In the last quarter, employee jobs have increased while self-employment has decreased. The number of jobs in London has decreased by 5,000 since the previous quarter (down 0.1 per cent), meaning there was a total of 5,051,000 jobs in London in December 2012.
Unemployment rates for those aged 16 or over (seasonally adjusted). International Labour Organization define unemployed people as: without a job, want a job, have actively sought work in the last 4 weeks and are available to start work in the next 2 weeks, or, out of work, have found a job and are waiting to start it in the next 2 weeks.
Key point: The London unemployment rate is normally slightly above the UK average, however the gap is currently only 0.7 points. The London unemployment rate decreased to 8.5% in March, and equates to 368,000 people looking for work, about 16,000 fewer in March compared with the month previous. The unemployment rate in London is 1.3 percentage points lower than a year ago, compared with 0.4 points lower in the UK as a whole.
Apprenticeships are paid jobs that incorporate on and off-the-job training leading to nationally recognised qualifications. As an employee Apprentices earn as they learn and gain practical skills in the workplace. The Mayor has set a new target to create 250,000 apprenticeships in London over the next four years. There is also a target to achieve 100,000 starts by the end of December 2012 since the start of the scheme in 2010.
Key point: Apprenticship starts in London more than doubled between 2009/10 and 2010/11. In 2011/12 the number of starts increased by 14% and the number of completions by 32% compared with the previous year. There have been 108,070 starts (to January 2013) since the start of the scheme in 2010. Over the last three years there have been 3,000 apprenticeship starts across the GLA Group.
London's long-run trend-based employment projections by sector and by borough. GLA Economics 2011-based projections. Next update due December 2013.
Key point: The number of workers in London is projected to increase by over 220,000 by 2020 (up 5%)
Young people aged 16-24 who are not in employment, education or training (NEET). The data has been taken from the Labour Force Survey, which as with all sample surveys is open to some degree of error. The 95% confidence intervals are shown on the chart.
Key point: The proportion of people aged 16-24 who are not in employment, education or training is usually lower in London compared with England. However, London is 0.4 percentage points higher in the most recent quarter. From the same quarter last year, there has been a 3% increase in the number of NEETs in London compared with a 7% decrease nationally, though this change is not statistically significant.
Progress towards the Mayor's target to create 200,000 new jobs by the GLA group.
London Skills and Employment Observatory Indicators, Borough
London's Economic Outlook Forecast
Workplace Employment by Public/Private Sector, Borough
London Employability Performance Rating