A discontinuity of magnetic circuits according to the end effect is generated in PMLSM. And magnetic state of the 3 phase coils becomes unbalanced. Due to the unbalanced magnetic state, the unbalanced flux linkage, back electro-magnetic force and inductance of the 3 phase coils appear. In result, the circulating current is generated by unbalanced inductance even if the input voltages are in balanced state. Then the thrust and efficiency are decreased because of the circulating current. Therefore, in this paper, the unbalanced inductance and the thrust reduction according to discontinuity of magnetic circuits are analyzed by FEA(2D). To demonstrate the validity of the analysis results, the experiment results are compared with analysis results.