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London Youth Labour Market Summary February 2019

The latest figures for employment by industry sector:

Sector

London %

UK %

Agriculture, Forestry & Fishing

0.1

1.1

Manufacturing

2.2

7.7

Construction

5.3

6.8

Wholesale, Retail & Vehicle Repair

10.6

14.1

Transport & Storage

4.8

4.9

Hospitality & Catering

7.2

6.9

IT & Communications

8.7

4.5

Finance

6.7

3.2

Real Estate

2.4

1.7

Professional, Scientific & Technical

13.5

8.6

Administration

10.3

8.5

Public Administration & Defence

4.0

4.2

Education

6.9

8.4

Health & Social Work

10.3

12.5

Arts, Entertainment & Recreation

3.7

2.9

Other Services

2.5

2.6

Source: Office for National Statistics (based on September 2018 data)

Jobs in London are expected to grow each year by an average rate of 0.78% or 49,000 jobs a year, the annual report from GLA Economics. This means that by 2041 there should be nearly 6.9m more jobs.

In London, the number of jobs in:
• some service sectors, including the professions, real estate, scientific and technical, admin and support, accommodation and food services, information and communications, education and health sectors will increase
• manufacturing and some other sectors, including wholesale, transportation and storage, and public administration are projected to decrease.