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London Youth Labour Market Summary November 2018

The latest figures for employment by industry sector:

Sector

London %

UK %

Agriculture, Forestry & Fishing

0.1

1.2

Manufacturing

2.6

7.7

Construction

5.3

6.6

Wholesale, Retail & Vehicle Repair

10.3

14.0

Transport & Storage

4.8

5.1

Hospitality & Catering

7.6

7.0

IT & Communications

8.3

4.3

Finance

6.9

3.2

Real Estate

2.1

1.6

Professional, Scientific & Technical

14.3

8.6

Administration

10.1

8.6

Public Administration & Defence

4.1

4.2

Education

6.6

8.3

Health & Social Work

9.9

12.5

Arts, Entertainment & Recreation

3.4

2.9

Other Services

2.8

2.7

Source: Office for National Statistics (based on June 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.