Economy

NHPR

After years of little to no growth in wages, Granite State workers may see their paychecks fatten.  Spring has sprung for the construction industry, especially on the Seacoast and in the Manchester area.   And a national ranking finds what many New Hampshire parents already know:  child care here is among the priciest in the nation.

Jason Moon for NHPR

Residents of a mobile home park in Portsmouth recently purchased the land they’ve been living on for decades. This park joins a growing number of other mobile home communities to do the same. When Kathy Ireland received a letter last year that said the mobile-home park she lives in was being sold, she wasn’t quite sure how to take it.

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  More than two dozen employers and job assistance organizations will take part in a job fair this week in Laconia. 

Sean Hurley

It hasn't been a great year for skiers or ski areas across the Granite State.  But it's not just the mountains that suffered from the lack of snow.

Chris Jensen for NHPR

Officials in the North Country are fighting a bill that would take a tax break designed to encourage business to locate in economically troubled Coos County and offer it statewide.

In 2008, as Coos staggered from the closing of paper plants, the state approved a bill proposed by Rep. Fred King of Colebrook that would provide a tax break for business-related construction – assuming the local jurisdiction approved.

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  The state is set to release its latest unemployment figures. 

 

A new poll shows New Hampshire residents remaining optimistic about the state's economy and only slightly less optimistic about the national economy.

The University of New Hampshire Survey Center polled 534 adults for the Business and Industry Association's Report on Consumer Confidence. Nearly half said they expect New Hampshire businesses to do well in the next year, while just over 40 percent said businesses nationwide are in for good financial times.

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Several bills address the minimum wage this legislative season, including one to increase it gradually and exclude workers under age eighteen – a provision some say could bolster bipartisan support. But concerns remain about unintended consequences, especially among small businesses owners.

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NHPR

It’s become a common theme: voters are anxious – about national security, income inequality, and a government they see as unable to confront the country’s problems. Campaigns have tapped into these sentiments, often striking an angry tone. We’ll explore the extent of this discontent – and whether it's exceptional to this campaign season.

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A new forecast projects 2016 will have one of the strongest real estate market in a decade. 

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Many analysts seem to be taking the stock markets recent swings in stride, saying the broader U.S. economy is on stronger footing.  Still, there are concerns, especially China's economic woes.

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The state is set to release its latest jobs numbers on Wednesday, giving us a final look at the New Hampshire jobs picture in 2015. 

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Another set of housing data shows a rise in New Hampshire home sales in October. The latest New England Housing Report from RE/MAX INTEGRA showed there were 1,979 home sales in the state last month.

That number was more than 8 percent higher than the 1,819 sold in October 2014.

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  The latest monthly report from the Northern New England Real Estate Network suggests the housing market is beginning to slow down for the year.

But the data also appears to show the market remains stronger than it was at this time a year ago.

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New Hampshire continues to see slow but steady growth in its housing market. 

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State officials and representatives of three New Hampshire companies will head to the United Arab Emirates this month for an industry trade show.

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Also known as the “banking act of 1933,” this law stemmed from the 1920s stock market crash and Great Depression that followed, with restrictions on banks and other financial institutions. Glass-Steagall was overturned about twenty years ago, but some are pushing to bring it back.

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Sheryl Rich-Kern for NHPR

  The U.S. Department of Labor is looking to gather wage data for New Hampshire’s building and construction industries. 

  The Obama Administration is touting the economic benefits of the Trans-Pacific Partnership, a trade deal between the U.S., Japan and 10 other Pacific Rim nations.

Kandy Jaxx / Flickr

The latest economic report from the New Hampshire Center for Public Policy Studies says 2016 will bring New Hampshire some of the strongest economic growth it’s seen in the last few years.

The state is set to release its latest jobs report today. 

The August report from New Hampshire Employment Security put the state’s seasonally adjusted unemployment rate at 3.6 percent, down a tenth of a point from July.

That’s in line with the generally strong jobs picture we’ve seen throughout the course of the year. 

But one of the reasons the rate fell in August was a drop of about 1,400 in the size of the labor force. 

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  After more than a year of planning, the state has called off this month’s planned trade mission to Colombia.

The mission was intended to help New Hampshire companies find export opportunities in Colombia. State officials say a number of firms expressed interest, but none signed up to make the trip.

Tina Kasim of the New Hampshire Office of International Commerce says the state is now considering a range of ways to help firms looking to do more business overseas.

NHPR Staff

With re-authorization of the Export-Import Bank stalled in Congress, several New Hampshire companies say they are feeling the impact.  New Hampshire’s two US Senators Kelly Ayotte and Jeanne Shaheen as well as 2nd District Congresswoman Ann McLane Kuster support re-authorization, while 1st District Congressman Frank Guinta has yet to take a position.

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New data shows New Hampshire’s housing market remained busy throughout the summer. 

The latest RE/MAX INTEGRA New England Housing Report shows the number of units sold in August 2015 was up 11 percent compared to the same period a year ago. 

Median home prices rose 2.3 percent. 

Cities and Counties Take Action on Minimum Wage

Sep 8, 2015
Pyogenes Gruffer / Flickr/CC

Recently, cities and counties have taken the lead on mandating much higher pay for traditional low-wage jobs, instead of waiting for the states or the federal government.  Supporters say these increases are long overdue and only fair, but others warn of unintended consequences, including job losses and cutbacks in hours.

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Foreclosure sign
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In June, the New Hampshire Housing Finance Authority reported 181 foreclosures, the highest monthly total of 2015. Analysts thought it would be a one-time blip, but new figures from the NHHFA show July’s number was even higher – 188 foreclosures.

www.shaheen.senate.gov

New Hampshire’s U.S. Senators are holding a field hearing today on the state’s small business workforce.

Jeanne Shaheen and Kelly Ayotte will host a roundtable discussion with a group of business and educational leaders this morning at Manchester Community College.

The state has awarded three companies job training grants aimed at helping 56 workers obtain new skills.

Sig Sauer Inc. of Newington will use a grant of nearly $70,000 to train 24 employees in production technology.

Axenics Inc. of Nashua and C&M Machine Products of Hudson are using grants of more than $3,000 each for worker training.

The latest round of state job training grants totals over $76 thousand dollars, with companies contributing the same amount in matching funds

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Gas prices may continue to fall in New Hampshire for much of the rest of 2015.

The latest survey of gas prices from GasBuddy.com Sunday showed a median price of $2.53 per gallon. That’s 6 cents per gallon cheaper than prices of a week ago, and 17 cents per gallon below those of a month ago.

 

One of the state's first four medical marijuana dispensaries is proposed for a business park in western New Hampshire.

The Valley News reports Temescal Wellness, a Manchester-based organization that the state selected to sell medical marijuana, said it plans to locate one of its dispensaries in the Hanover Road Professional Center in Lebanon.

Organization President Ted Rebholz said the site was chosen to make it convenient for as many patients as possible. It is located near Dartmouth-Hitchcock Medical Center and interstates 89 and 91.

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