Holborn is a busy and vibrant area of central London which shares unofficial boundaries with the Borough of Camden and the City of London.
According to 2010 statistics from Nomis, there were 10600 people of working age living in this district of London. Of those, the vast majority were employed as professional, management and clerical staff. However, the service sector also plays a prominent role in Holborn, as the area is blessed with dozens of retail outlets, restaurants and bars. With an unemployment rate of nearly 10% in 2012, the area suffers more than some other parts of central London, but its prominent location and wealth of local recruitment agencies mean employment is relatively easy to come by.
Holborn has played an important role in the economic development of London, and it still the base for several British institutions, including Sainsbury's, Prudential Assurance, Edexcel and Westfield Shopping Towns. The area is also home to Holborn College - a well-respected centre for the study of business, economics, accountancy and law. The prestigious London School of Economics is located in nearby Aldwych.
Despite the economic turmoil of recent years, only 3.3% of residents were claiming Job Seeker's Allowance in 2012, according to Nomis, and the area's established role as a place to do business is perhaps the reason why this is the case.
