According to the 2001 UK census, the economic activity of residents in the town aged 16–74 was 35.6% in full-time employment, 13.4% in part-time employment, 10.4% self-employed, 2.5% unemployed, 2.4% students with jobs, 3.4% students without jobs, 18.8% retired, 6.7% looking after home or family, 4.5% permanently sick or disabled and 2.3% economically inactive for other reasons. The percentage of retired people was significantly higher than the national figure of 13.5%. The unemployment rate of 2.5% was lower than the national rate of 3.3%. 12% of the town's residents aged 16–74 had a higher education qualification or the equivalent, compared to 20% nationwide.