More than 50 businesses have started in New Hampshire in the past six months thanks to a law allowing laid-off workers to fund them with their unemployment benefits. That’s according to the Small Business Development Center at UNH, which administers the so-called “Pathway To Work” program.
The automatic federal budget cuts known as “Sequestration” will soon hit the long-term unemployed in New Hampshire. People who remain jobless for more than 26 weeks are eligible for federally-funded emergency unemployment benefits.
The New Hampshire Department of Employment Security says unemployment is slightly up for the month of July.
More than 4,400 jobs were lost between June and July, bringing the seasonally adjusted unemployment rate to 5.4 percent. That’s an increase of .3 percentage points. The total number of employed residents was just shy of 700,000.
The New Hampshire unemployment rate is still well below the national rate of 8.3 percent, which also went up a tenth of a percent from June.