The population of London City is about 9400, and over half a million people work in the area. The majority of these people are employed in the financial, professional, and associated business services sector. The northern and western sides of the City are dominated by the legal profession, with two Inns of Court located in the Inner Temple and Chancery Lane. Almost two-thirds of the city's workforce is employed in the financial sector.
In the nineteenth and twentieth centuries, the population of the City dwindled. Many of the older residential areas were demolished to make way for office buildings. During World War II, the City suffered heavy aerial bombing, although St Paul's Cathedral and other landmarks were spared. Heavy raids in late December 1940 resulted in the Second Great Fire of London, which devastated much of the city's business district.
The population of London City peaked in 1939, with 8,615,245 inhabitants. However, after the second world war, London was overtaken by New York. During the second world war, London's population decreased dramatically, and it eventually lost its status as the world's largest city. Today, the population of London is around six million people, a population that has steadily declined.
The population of London City has a diverse ethnic makeup. About a third of residents in the capital are from non-UK countries. Another third of the population of London was born in another country. The largest non-UK country of origin was India, with 262,247 people in London born in India. The total population is composed of people of all ages, and there is a mixture of different ethnic groups.