London labour market hit harder by Covid than rest of UK, finds report

City has had steepest falls in payroll employees and job postings, with unemployment now 5%

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The labour market in London has been hit harder by Covid-19 than the rest of the UK, while the capital's economic recovery has also been weaker, according to a report on the impact of the pandemic on the capital.

A review of London's economy from the Centre for London thinktank and King's College London shows there have been steeper falls in the number of workers on company payrolls in the capital and in the number of new job postings than elsewhere in the country.