Economy
As the county town of North Yorkshire, Northallerton has County Hall, the administrative headquarters for North Yorkshire County Council. The headquarters of Hambleton District Council at Stonecross and North Yorkshire Fire and Rescue Service on East Road, are also based in Northallerton. Other major employers include the Friarage Hospital which employs around 1,400 staff and the Rural Payments Agency has an office here too.
Being the centre of a large rural area it is the focus of agriculture with several businesses servicing the needs of farming. The auction mart regularly holds livestock auctions.
The economic activity of residents aged 16–74 was 44.3% in full-time employment, 15% in part-time employment, 6.8% self-employed, 2.5% unemployed, 2.6% students with jobs, 4.7% students without jobs, 15.8% retired, 6.5% looking after home or family, 5.3% permanently sick or disabled, and 3.1% economically inactive for other reasons.
The average price of a house in Northallerton for the 12 month period ending July 2008 was £209,082 compared to £200,433 for North Yorkshire and the national average of £178,364.
Europe's third largest ice cream manufacturer, Richmond Foods, is headquartered in nearby Leeming Bar. It manufactures the popular Fab and Rowntree's Fruit Pastilles ice lollies.
Read more about this topic: Northallerton
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)