Labour market update for London – April 2018

London’s employment rate reaches record high (again) Labour market data for the three-month period December 2017 to February 2018 was released yesterday. At 75.1%, London’s employment rate was the highest since the series began, and the unemployment rate, 4.8%, was the lowest since this series began (in 1992). The UK’s employment rate (75.4%) was the … Read More »

Labour market update for London – March 2018

London’s labour market remains strong – with it improving on the year earlier Summary The ONS have released labour market data for London for the three-month period November 2017 to January 2018. In London, compared to the previous quarter, there were slight increases in the employment and unemployment rates, and a slight decrease inactivity rate. … Read More »

Labour market update for London – February 2018

London’s labour market remains strong – little change on the quarter, improvement on the year The ONS have released labour market data for London for the three-month period October to December 2017, with the data showing almost no change in the headline indicators on the previous quarter. The employment rate was up slightly and the … Read More »

Labour market update for London – January 2018

London’s employment rate down (slightly) and unemployment rate up (slightly) on quarter but still remain improved on a year earlier The ONS have released labour market data for London for the three-month period September to November 2017. In terms of headline indicators (employment rate, unemployment rate and economic inactivity rate) the data showed London doing … Read More »

Labour market update for London – December 2017

Employment rate down slightly on quarter, and continued if slight growth in jobs London’s employment rate (i.e. the proportion of London’s residents aged 16-64 population in employment) in the three months to October 2017 was 74.5 per cent. The rate was down 0.4 percentage points on the quarter, but up 0.9 percentage points on the … Read More »

GLA Economics forecasts subdued economic growth for London

GLA Economics has recently published its latest economic forecasts for London. This uses our bespoke forecasting model to estimate London’s economic output (as measured by gross value added or GVA), workforce jobs[1], household income and household spending up to 2019. At the headline level, we forecast: London’s economy is expected to grow by 2.1 per … Read More »

Labour market update for London – November 2017

Employment rate in London unchanged on quarter[1] London’s employment rate (i.e. the proportion of London’s residents aged 16-64 population in employment) in the three months to September 2017 was 74.3 per cent. The rate was unchanged on the previous quarter, but up 0.8 percentage points on the year. This represents an additional 130,000 Londoners in … Read More »

Labour market update for London – October 2017

London employment rate remains at record high, and gap to UK narrows London’s employment rate (i.e. the proportion of London’s residents aged 16-64 population in employment) in the three months to August 2017 increased by 0.9 percentage points on the previous quarter to 74.9 per cent. London’s employment rate is at its highest point since … Read More »

Labour market update for London – September 2017

Workforce jobs and employment rates continue to rise in London, both reach record highs This month the ONS updated its workforce jobs estimates. The number of jobs located in London (i.e. whether or not they are taken by residents of London) reached 5.8 million in Q2 2017, another record high. This was 33,000 more than … Read More »