"Workers on a building site Shops and the wider retail sector saw 14,000 posts axed from last December to September, according to the figures from the Office for National Statistics, as households reined in spending. With more and more firms using AI, posts in administration and support services were down 43,000, the biggest fall of any sector in the city."
"Manufacturing shed 14,000 jobs, 31,000 went in the transport and storage sector, and 7,000 professional scientific and technical posts. There was an increase of 21,000 in education jobs, 11,000 in real estate activities, 5,000 in health and social work services, as well as 5,000 in public administration including defence. Currys' chief executive Alex Baldock He stressed: If you make it harder, riskier and more expensive to employ people then fewer people will be employed."
London lost tens of thousands of jobs between December and September, with major falls across multiple sectors. Retail and wider shops cut 14,000 posts as household spending weakened. Administration and support services fell by 43,000 roles, the largest sectoral drop, amid increased AI adoption. Transport and storage lost 31,000 jobs and manufacturing shed 14,000. Arts and entertainment declined by 12,000 and hospitality by 4,000, while financial and insurance services saw 3,000 job losses. Education added 21,000 positions, and real estate, health and public administration each recorded smaller increases. Payrolled employee numbers fell 1.1% in 2025, and unemployment in London rose faster than any other region.
Read at www.standard.co.uk
Unable to calculate read time
Collection
[
|
...
]