Londoners are increasingly looking for jobs outside the capital as the city’s economy stalls, one of the UK’s largest recruitment sites has found, raising the prospect of a wave of “reverse commuters” or a continued exodus of residents.
Figures from Indeed, based on millions of job adverts and searches, show that on 18 September, the number of posts advertised in London was down by 55% on the same date in 2019.
The sharp decline reflects the impact of closed offices and reduced hospitality services on the city’s jobs market.
Many restaurants, hotels and shops in business and tourist areas remain closed or are operating at a reduced capacity.
With vacancies thin on the ground, Indeed said more jobseekers living in London were now looking for work elsewhere. In August, the number looking outside London was up by 27% year on year, and by 30% compared with the start of the year.