Unemployment rates by age group (2004/05 - 2019/20 (Q2))
Unemployment rates for all age groups are higher in London than in the rest of England, and have been so for the whole time period covered by this indicator. Unemployment in London is most prevalent amongst those aged between 16 and 24, with 14.9% of this group being unemployed in 2019/20. This compares to just 3.5% of those aged between 25 and 64. Unemployment is also low for those aged 65 and over, at 3% in 2019/20, however relatively few in this group are either in work or seeking work as the majority are retired.
Compared to other age groups, the unemployment rate for those aged between 16 and 24 rose faster following the financial crisis and has fallen faster since then. The impact of Covid is not yet shown in unemployment data, with relatively little difference in the most recent figure compared to those from 2018/19.
The unemployment rate is the percentage of the economically active population (adults who are not retired, studying, looking after the home, long-term sick etc.) who are either without a job, have been actively seeking work in the past four weeks and are available to start work in the next two weeks or are out of work but have found a job and are waiting to start in the next two weeks.