London labour market projections 2017

This report presents updated employment projections for London by sector and borough to 2041.

The central projection estimates that jobs in London will grow from 2016 at an annual average rate of 0.78 per cent a year, equivalent to 49,000 jobs, to reach 6.907 million in 2041.

Similarly to the last set of projections, jobs in the professional, real estate, scientific and technical sector is expected to grow strongly, accounting for over a third of the total increase expected in London to 2041. Strong employment growth is also expected in the administrative and support services, accommodation and food services, information and communications sectors, education and health sectors. The six sectors account for nearly three fifths of the expected total London increase in jobs to 2041.

The borough site projections take into consideration trends in jobs growth, and expected employment site developments. Boroughs with areas within the Central Activities Zone account for 35 per cent of the annual projected growth in jobs, or 16,900 jobs per year. The annual growth rate, however, is almost identical with that for London as a whole at 0.77 per cent a year.

Breakdowns of the employment numbers (historic and projected) by sector and local authority are available on London Datastore.