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London Youth Labour Market Summary November 2019

The latest figures for employment by industry sector:

Sector

London %

UK %

Agriculture, Forestry & Fishing

0.1

1.0

Manufacturing

2.2

7.7

Construction

5.7

6.6

Wholesale, Retail & Vehicle Repair

10.2

14.0

Transport & Storage

5.1

5.0

Hospitality & Catering

7.1

6.9

IT & Communications

8.7

4.5

Finance

6.7

3.1

Real Estate

2.0

1.6

Professional, Scientific & Technical

14.0

8.8

Administration

9.9

8.3

Public Administration & Defence

4.1

4.2

Education

7.0

8.3

Health & Social Work

10.2

12.7

Arts, Entertainment & Recreation

3.4

3.0

Other Services

2.6

2.7

Source: Office for National Statistics (based on June 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.