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London Youth Labour Market Summary May 2021

The latest figures for employment by industry sector:

Sector

London %

UK %

Agriculture, Forestry & Fishing

0.1

1.1

Manufacturing

2.5

7.4

Construction

4.8

6.5

Wholesale, Retail & Vehicle Repair

10.7

14.1

Transport & Storage

5.2

5.0

Hospitality & Catering

6.8

6.5

IT & Communications

8.0

4.2

Finance

7.1

3.3

Real Estate

2.8

1.9

Professional, Scientific & Technical

13.8

9.3

Administration

9.7

8.2

Public Administration & Defence

4.6

4.6

Education

6.9

8.5

Health & Social Work

10.2

12.8

Arts, Entertainment & Recreation

3.4

2.7

Other Services

2.8

2.6

Source: Office for National Statistics (based on December 2020 data)

Jobs in London (pre COVID-19 crisis) were projected 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.