London Employment Trends
The unemployment rate in London was 6.9% as of May 2025, up 0.5% from the previous month. The unemployment rate stood 4.7% below the peak from June 2020 and is below the long-run average.
There were 600 fewer full-time jobs in May 2025 compared to a month earlier. Combined with a loss of 1,100 part-time positions, this led to a decrease of 1,700 total jobs in May.
Full-time employment was still down 11,200 jobs from the peak in October 2023 but stood 6,000 jobs above the trough in October 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
