London Employment Trends
The unemployment rate in London was 6.6% as of February 2025, down 0.4% from the previous month. The unemployment rate stood 5% below the peak from June 2020 and is below the long-run average.
There were 1,400 fewer full-time jobs in February 2025 compared to a month earlier. A gain of 3,000 part-time positions led to an increase of 1,600 total jobs in February.
Full-time employment was still down 12,400 jobs from the peak in October 2023 but stood 4,700 jobs above the trough in October 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
