Stratford is a district in East London, less than 7 miles from Charing Cross. Located in the Borough of Newham, which has a population of more than 310,000, Stratford was recently the proud host of the London 2012 Summer Olympics. As such, it was also the beneficiary of several significant regeneration and economic expansion projects, which brought impressive new housing and retail developments, along with much-improved public infrastructure to the area.
In contrast to most of London, Newham has a relatively high percentage of working class residents, and only 16% of the workforce hold professional occupations, while 17% are employed in elementary occupations. But the region's workforce is also much more highly qualified than most of the UK, and nearly 40% of Stratford's employees have attained NVQ4 or higher. Stratford's large public sector supports 36% of local jobs, while the distribution, restaurant, and hotel sector employs about a quarter of the workforce. Finance supports another 16% of Stratford's workers. While tourism only accounted for 7.6% of jobs in 2011, local recruitment agencies saw a drastic upsurge in the sector in 2012, with the arrival of the Olympics. The most recent economic data from the Office of Labour Statistics shows that median weekly income is £521.60, while unemployment is at 5%.