Facebook is to create 1,000 new jobs in London this year, the tech giant has revealed.

LMI Facts and Figures - January 2020

• The UK unemployment rate was estimated at 3.8%. (January 2020).

• There were 800,000 young people (aged 16 to 24 years) in the UK who were not in education, employment, or training (NEET) in July to September 2019.

• The percentage of all young people in the UK who were NEET in July to September was 11.6%.

Demand for both “digital” and “human” factors is driving growth in the professions of the future. Seven key professional clusters are emerging in tandem. On the one hand, these reflect the adoption of new technologies—giving rise to greater demand for green economy jobs, roles at the forefront of the data and AI economy as well as new roles in engineering, cloud computing and product development.

RBS has launched a £1bn fund to support women entrepreneurs. The bank’s first female boss Alison Rose has pledged to support the creation of 50,000 startups by 2023, with the fund set aside to offer loans for qualifying female-led firms. Before taking the top job at RBS, Rose led a government-backed review which found that women typically launch their company with around half as much capital as men, with less than 1% of all venture capital funding offered to female business owners.

Support for new Maths, Science and English teachers announced in £24m support package for further education. 

About 35% of current jobs in the UK are at high risk of computerisation over the following 20 years, according to a study by researchers at Oxford University and Deloitte.

Travelodge is set to create more than 500 new jobs as part of a major expansion in London over the next five years.