Employment falls in Tower Hamlets as pay rises to £3,330 a month
WageSight Wire · Aug 2026
- Employment
- 170,542 workers (July 2026)
- Monthly change
- -0.2% (-274 workers)
- Annual change
- -0.9% (-1,602 workers)
- Median pay
- £3,330/month (YoY: +3.7%, £120 more in cash terms)
- Total pay bill
- +5.5% on the year
- Real pay vs Feb 2022
- +£19 better off in real terms
Payrolled employment in Tower Hamlets fell 0.9% over the year to July 2026, 1,602 fewer workers, with a further monthly dip of 0.2% sustaining the downward pressure.
Across London, payrolled employment edged down 0.8% over the year to July 2026. Tower Hamlets ranked 12th of 20 sub-regional areas in London by employment change over the past year.
The median pay packet for workers in Tower Hamlets stood at £3,330 in July 2026, up 3.7% over the past year and ahead of inflation at 3.03%. After a period of sharp inflation from 2022 that eroded real earnings, wages have been recovering. Workers in Tower Hamlets are now £19 a month better off in real terms than in February 2022, when median earnings stood at £2,671 a month. The total pay bill in Tower Hamlets rose 5.5% over the year, faster than headcount, suggesting average earnings per worker are improving.
Tower Hamlets's performance lagged behind the UK as a whole, where payrolled employment edged down 0.3% over the year to July 2026. Across the UK, 580,736 workers entered payrolled employment in June 2026, the most recently available flow data, while 594,229 left, a net loss of 13,493 workers.
“Latest figures show that employers in Tower Hamlets have seen a dip in payroll compared to the same month last year. It's hard to tell if this is businesses bracing agains the impact of the current economic uncertainty on inflation. On the flip side, wages for those in work continues to surge. The positive story is that workers in Tower Hamlets are seeing their pay packets grow. That's money in people's pockets, and it matters for local businesses and public services. But there will be understandable concern at the employment picture.”
— Paul Hebden, Campaign Salience
London — employment and pay
| # | Area | Workers | Jobs (yr) | Median pay | Pay (yr) |
|---|---|---|---|---|---|
| 1 | Bexley and Greenwich | 266,080 | +0.2% | £3,085 | +4.1% |
| 2 | Hackney and Newham | 327,576 | +0.1% | £2,833 | +4.6% |
| 3 | Barking & Dagenham and Havering | 228,677 | +0.0% | £2,771 | +4.7% |
| 4 | Hounslow and Richmond upon Thames | 236,875 | -0.3% | £3,041 | +3.4% |
| 5 | Merton, Kingston upon Thames and Sutton | 285,877 | -0.4% | £3,198 | +4.4% |
| 6 | Harrow and Hillingdon | 275,046 | -0.6% | £2,847 | +4.3% |
| 7 | Bromley | 152,728 | -0.6% | £3,402 | +4.2% |
| 8 | Croydon | 191,758 | -0.7% | £2,995 | +5.3% |
| 9 | Redbridge and Waltham Forest | 284,952 | -0.7% | £2,877 | +4.9% |
| 10 | Wandsworth | 177,409 | -0.8% | £4,016 | +4.9% |
| 11 | Barnet | 174,745 | -0.9% | £2,942 | +4.8% |
| 12 | Tower Hamlets | 170,542 | -0.9% | £3,330 | +3.7% |
| 13 | Lewisham and Southwark | 314,200 | -1.0% | £3,326 | +4.5% |
| 14 | Ealing | 181,097 | -1.1% | £2,930 | +4.7% |
| 15 | Enfield | 145,217 | -1.3% | £2,624 | +4.2% |
| 16 | Lambeth | 169,892 | -1.5% | £3,513 | +4.0% |
| 17 | Kensington & Chelsea and Hammersmith & Fulham | 153,034 | -1.5% | £3,769 | +4.9% |
| 18 | Haringey and Islington | 240,338 | -1.5% | £3,291 | +4.8% |
| 19 | Brent | 169,580 | -1.6% | £2,738 | +5.0% |
| 20 | Camden | 97,256 | -1.8% | £3,610 | +5.9% |
Notes to editors
Figures from WageSight, derived from ONS / HMRC PAYE Real Time Information. Full method at wagesight.com/methodology.
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