UK: London Labor Market Projections
Over the past 30 years or so, London has seen strong growth in employment of professional and business support services. Over the same period, there has been a large decline in manufacturing employment.
London currently specialises in finance and insurance; professional, scientific and technical activities (e.g., management consultancy, legal activities and accountancy); information and communication (including computer programming, motion picture activities and publishing); real estate; and, business support services (cleaning and private security for example). It does not specialise in land-intensive activities such as agriculture; mining and quarrying; manufacturing; and electricity and gas.
Over 60 per cent of jobs in professional and business support services; public services; information and communication; and finance and insurance (which themselves account for 60 percent of jobs in London) is in the manager and administrators; professional; or, associate professional and technical occupations.
These three occupation categories are currently filled in London with a high proportion of people holding an ordinary or higher degree (typically around 60 percent or more for each trade category)…
The number of jobs in London is projected to increase from 4,896,000 in 2011 to 5,757,000 in 2036. This equates to annual average growth of just over 35,000 jobs per year and results in over 850,000 more jobs in London by 2036.