Knighton (population 3,172) is a small market community and also neighborhood in main Powys (previously Radnorshire), Wales, on the Teme as well as the England-- Wales border. A little part of the town, consisting of Knighton train station, remains in Shropshire, England. This Anglo-Saxon negotiation later on became a Norman fortified town. The town has a variety of shops serving a large rural hinterland and using 18% of the active population and is, after manufacturing (18.81%), the largest employment industry. Otherwise, and in common with several small towns, Knighton has little industry. Most young people leave after completing their education and learning. Tourist is important and, subsequently, the location was hit hard by the foot and mouth epidemic of 2001. Although incomes are low as well as 20%+ of residences have no auto, Knighton has an unemployment rate (2001) of just 2.88%. Duty for financial development lies with the Welsh Assembly Government. Knighton remoteness makes it an unlikely option for the commuter as well as, consequently, most of the working population (69.45% in 2001) work within a 12 miles (19 km) Travel to Workspace. The Welsh name, Tref-y-clawdd, indicating "community on the dyke", was first recorded in 1262 and formally offered to the community in 1971. The name Knighton most likely derives from the Old English words cniht (a soldier, individual follower, young man, slave, thane or freeman) as well as tun (farm, settlement or homestead). Hence it may have been founded through a grant of land to freemen.