London Employment Trends
The unemployment rate in London was 6.4% as of October 2024, unchanged from the previous month. The unemployment rate stood 5.2% below the peak in June 2020 and is below the long-run average.
There were 3,200 fewer full-time jobs in October 2024 compared to a month earlier. A gain of 4,600 part-time positions led to an increase of 1,400 total jobs in October.
Full-time employment was still down 16,700 jobs from the peak in October 2023.
* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.
