Alongside the summary of key points below, you can view the interactive version of our London labour market update.

Previous updates and other labour market analyses are also available.

• Payrolled employees rose by around 30,500, or 0.7%, between November and December 2021 and was 0.2% above pre-pandemic (February 2020) levels.
• Unemployment rate continued to fall from its pandemic peak but was still higher than the UK average. London’s unemployment rate was estimated at 5.4% for the three months ending November 2021, down 1.7 percentage points (pp) on the same period in the previous year. The UK average was 4.1%.
• The employment rate in London was estimated at 75.6% for the same period, up 0.7pp on both the previous quarter and from a year earlier. London’s employment rate was in line with the UK average (75.5%).
• London’s inactivity rate (the measure of those not looking and/or not available for work) was estimated at 20.2%. While this was up 0.8pp on the previous year, the inactivity rate fell on the previous quarter and remained lower than the UK-wide estimate of 21.3%.