Office jobs outpace total city job growth, although not in US

In Asia Pacific and in Europe, total employment growth in major cities over the period 2023-27 is likely to lag behind office employment, with China seeing a particularly large gap between the two. In Canada, office employment will also slightly outpace the total. But in the US we project slightly slower growth in office jobs than in total employment.

What you will learn:

• Large increases in office employment in Chinese cities reflect service sectors taking over from manufacturing as the engine of economic growth, while total employment will be held back by poor demographics. Tech cities will tend to set the pace, and some inland cities such as Xi’an.
• However, whereas pre-pandemic, the Asia Pacific cities with the largest increases in office employment were all Chinese, going forward many of them are likely to be Indian, with Mumbai set to see more than half a million additional office jobs in the 2023-27 period.
• In Europe, London has more office jobs than next-placed Paris and Madrid combined, and the consequent benefits of agglomeration will be a source of strength. But that does not translate into much overall employment growth in London, which is likely to lag the European city average.