Published: 19th Nov 2020

London’s jobs market is experiencing a deeper crisis than the rest of the UK, according to a new analysis. A new report by Centre for London in association with the Policy Institute and the Centre for Urban Science and Progress at King’s College London warns unemployment in the capital looks set to rise as recruitment remains subdued. Early estimates for October indicate that there were 200,000 fewer employees on payroll in the capital than the same time in the previous year. This number has fallen more steeply in London than in the rest of the UK. Payrolled employees includes employees who are currently furloughed – so it is likely that a steeper decline has been avoided by the scheme. The number of non-UK nationals in work has declined particularly sharply, which will have had a significant impact in London where these workers made up 25% of employees last year. In addition, 5% … (To read the full article, subscribe below)