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London Youth Labour Market Summary January 2020

The latest figures for employment by industry sector:

Sector

London %

UK %

Agriculture, Forestry & Fishing

0.0

1.1

Manufacturing

2.2

7.6

Construction

5.3

6.3

Wholesale, Retail & Vehicle Repair

10.8

13.9

Transport & Storage

4.6

5.0

Hospitality & Catering

7.5

7.0

IT & Communications

7.9

4.3

Finance

6.5

3.2

Real Estate

2.6

1.7

Professional, Scientific & Technical

14.4

9.1

Administration

10.2

8.6

Public Administration & Defence

4.1

4.3

Education

7.1

8.3

Health & Social Work

9.7

12.5

Arts, Entertainment & Recreation

3.3

2.9

Other Services

2.8

2.8

Source: Office for National Statistics (based on September 2019 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.