Unemployment Up to 5.1%; Labor Force Bigger than Expected
The New Hampshire Department of Employment security released the latest New Hampshire unemployment figures for today. Unemployment in June ticked up slightly; rising to a seasonally adjusted 5.1%, up from 5.0% in May.It is still down from where it was last June, when it was 5.5 percent.
Employment Security Economist Annette Nielsen says the increase is due to two factors: 5,000 more workers entered the labor force than this time last year, and fewer seasonal jobs were added than expected.
Nielsen: My take away is that of course it’s never good when the employment rate goes up but at the same time at least we can state that people aren’t leaving the labor force because they are not encouraged by looking for jobs.
Over the last twelve-months unemployment has been on the decline, except for two small hiccups last June, and last March.