London Employment Trends
The unemployment rate in London was 6.5% as of July 2025, down 0.7% from the previous month. The unemployment rate stood 5.1% below the peak from June 2020 and is below the long-run average.
There were 1,100 more full-time jobs in July 2025 compared to a month earlier. Combined with a gain of 1,300 part-time positions, this led to an increase of 2,400 total jobs in July.
Full-time employment was still down 9,500 jobs from the peak in October 2023 but stood 7,600 jobs above the trough in October 2024.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
