Economy
As of 2007, St.Gallen had an unemployment rate of 2.69%. As of 2005, there were 336 people employed in the primary economic sector and about 95 businesses involved in this sector. 11,227 people are employed in the secondary sector and there are 707 businesses in this sector. 48,729 people are employed in the tertiary sector, with 4,035 businesses in this sector. As of October 2009 the average unemployment rate was 4.5%. There were 4857 businesses in the municipality of which 689 were involved in the secondary sector of the economy while 4102 were involved in the third. As of 2000 there were 28,399 residents who worked in the municipality, while 8,927 residents worked outside St.Gallen and 31,543 people commuted into the municipality for work.
Read more about this topic: St. Gallen
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)