London job market buoyant over summer

Over a third of all the new jobs created between May and July this year were based in London, reports.

New research from the Office for National Statistics found that over the three month period, some 236,000 jobs were created, with 91,000 of these being in the capital.

As well as the number of jobs being made available, unemployment also saw a decline, with figures dropping by 22,000 over the same period. On a national scale, meanwhile, the jobless total fell by 7,000 to 2.59 million, which is representative of 8.1 per cent of the total of-age population. Meanwhile, the number of people claiming Jobseeker’s Allowance fell by 15,000 between July and August; the largest drop of its kind since 2010.

Whilst many of the jobs in London created between May and July were thought to be somehow related to the Olympics, the “legacy” hoping to be created in the aftermath of the Games could see these jobs remain for longer than some had initially expected.

Speaking to of the results, employment minister Mark Hoban explained: “The Olympics does have an effect – there are people who are employed for the Olympics in London, and that’s why next week we’re having a jobs fair where we’re inviting 2,000 people who had on the Olympics to come and meet local employers to try and find them a permanent job.”

by David Howells on September 12, 2012

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