Economy

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BAO Inc., a twenty-year old sales and marketing company that works with firms in the tech industry, announced plans this week to open a new office in the Manchester Millyard.

Michael Kooiman/wikimedia

Wages in New Hampshire fell in the fourth quarter of 2016, mirroring a trend seen across the country.

The average weekly paycheck in New Hampshire was $1,092, according to a report released Tuesday by the Bureau of Labor Statistics. That is down 4.1% from the previous year, the fourth largest decline in the country, and the largest dip in New England.

Allegra Boverman for NHPR

New Hampshire’s economic output grew by 3 percent in 2016, the fourth highest rate in the country.

A new report from the Bureau of Economic Analysis shows the state’s finance and insurance sector helped fuel that performance, along with gains in retail and durable goods manufacturing.

In the fourth quarter of 2016, New Hampshire’s GDP kicked up at an annualized rate of 2.4 percent, a slowdown from the 4.6 percent growth seen in the third quarter of 2016.

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New Hampshire’s unemployment rate went up slightly to 2.8% in March, up from 2.7% in February. New data from the state’s Employment Security office shows modest job losses in education, retail and finance, while construction and manufacturing were basically flat.

NH DRED

The Governor’s Conference on Travel and Tourism is hoping out-of-state experts can help in-state businesses attract more visitors.

Lewis Hine, via Wikimedia Commons

A century ago, Manchester, New Hampshire was known for just one thing: the Amoskeag Manufacturing Company.

“Amoskeag at one time, at its peak, around World War I, was more than 17,000 employees,” says John Clayton, executive director of the Manchester Historic Association and a longtime New Hampshire journalist.

  “So if you consider the scale of the city, at least half of the people who lived in this community worked for Amoskeag.”

Chris Jensen

  The Trump administration is looking to cut a federal program state officials say has helped boost the economy in New Hampshire’s northernmost regions.

The Northern Border Regional Commission was created in 2010, and targets economic development in rural areas of New Hampshire and three other Canadian border states.

The program is eliminated in the Trump administration's initial budget proposal, saving roughly $7 million.

File photo

A new report from the UNH Carsey School of Public Policy says New Hampshire doesn’t necessarily need to increase energy production to grow the economy.

The report challenges a widely held economic outlook in the state that says new sources of energy, like gas pipelines or transmission wires, are needed to bring down the cost of electricity for business to grow.

Kandy Jaxx / Flickr

New Hampshire’s unemployment rate held steady at 2.7 percent for January, with modest job gains across a number of sectors.

Tax Credits via Flickr Creative Commons

Among the slate of economic measures state lawmakers will consider next session is a bill to impose an income tax. The sponsor is well aware of what he’s up against.

  New Hampshire is closing out 2016 with the nation's lowest unemployment rate, wages that are on the rise and strong real estate sales.

Combined, these factors show the state's economy is strong heading into 2017. The state's gross domestic product growth rate of 2.9 percent is among the highest in the nation, according to the most recently available federal data.

Several New Hampshire economists say the state is in its strongest economic shape since the Great Recession.

Ryan Caron King | NENC

It’s hard to avoid the hand-wringing about aging demographics in New England these days. The region's six states have the six lowest birth rates in the country. Maine, New Hampshire, and Vermont have the oldest populations in the country, and Connecticut, Rhode Island and Massachusetts aren't far behind.

Michael Brindley

The state’s outgoing Director of Economic Development Carmen Lorentz sat down with NHPR's Morning Edition to reflect on her time on the job, and what needs to happen to improve the state's economy.

Lorentz isn't going far: she's the new Executive Director of the Laconia Area Community Land Trust.

New Hampshire’s job market continues to show signs of strength.

The state added 620 jobs last month, pushing the seasonally adjusted unemployment rate down a tenth of a point to 2.9 percent. Since the start of the year, gains have been made across most sectors of the economy, from leisure and hospitality to education and manufacturing.

New Hampshire Public Radio in partnership with the Business and Industry Association and New Hampshire Business Review present a forum between the Democratic and Republican nominees for the United State Senate.

N.H. Economic News Roundup: Winners and Losers

Sep 9, 2016
NHPR

We examine winners and losers in today's Granite State economy. We look at differences between northern and southern New Hampshire, residents with college degrees and without, and the future of various sectors such as technology, health care and manufacturing.


If you’ve spent any time following the Republicans running for governor this year, you’ve probably heard plenty of talk about the need to jumpstart New Hampshire’s economy.

 New Hampshire Public Radio in partnership with the Business and Industry Association and New Hampshire Business Review present a forum between the Democratic and Republican nominees for governor.

The discussion will be moderated by Laura Knoy, host of The Exchange, and panelists will consist of journalists from NHBR and NHPR

neetalparekh / flickr/cc

With politicians promising to create so-called "good jobs", we look at what government can and can't do in this area.  Also, rents in the Granite State keep rising, up fifteen percent in the last five years.  And New Hampshire joins a national lawsuit challenging the merger of two health insurance companies, Anthem and Cigna. 


Darren Hester / Morguefile

The New Hampshire Department of Resources and Economic Development launched an initiative this week to help industries maintain their workforce.

Young people in New Hampshire are gravitating away from manufacturing jobs. And that's not ideal, because manufacturing is the largest driver of the New Hampshire economy.

The Manufacturing Sector Partnership creates a state-wide collaboration for industries to address their workforce needs.

Kandy Jaxx / Flickr

These days, the story of New Hampshire’s economy is kind of a “good news, bad news” tale. The good news: Unemployment is low, at least on paper, and wages seem to be rising, if slowly. The bad news: Employers are struggling to fill positions, and lots of prospective employees say they can’t find the kind of stable, full-time work they’d like to have.

It’s easy for Americans to see the Brexit debate as a British issue. But the personal finance website Bankrate.com says if Britons vote tomorrow to exit the European Union, European vacations will likely be cheaper, mortgage rates might fall, the stock market could drop, and it would be harder to find a job in Britain.

Here & Now’s Lisa Mullins talks to economist Diane Swonk about the impact of Brexit on Americans.

What is your opinion on the Brexit? Let us know in a Here & Now poll:

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  The state is set to release new employment figures this week. 

photologue_np via flickr Creative Commons

A new state forecast shows New Hampshire will see continued job growth through 2024, but it won't be fast. 

tinafranklindg / flickr cc

We examine several key indicators and their impact on the Granite state.  One is rising inflation.  Another is consumer debt:  Americans are spending more, but we're also borrowing -- to the tune of nearly one trillion dollars.  Also, a new report finds a worrisome trend: business formation in small towns and rural counties has dropped dramatically.

Credit Nick McPhee via flickr Creative Commons

 A coalition in the Monadnock Region is pushing for more local businesses to pay workers at least $15 an hour.

Kandy Jaxx / Flickr

  The state is set to release new unemployment figures this week. 

Stanley Zimny via Flickr CC / https://flic.kr/p/pAMnYj

On the Titanic, metal gates kept the unwashed from the upper crust - today's cruises offer high-rollers seclusion using key cards and velvet ropes.Today, travel perks in the new Gilded Age.

Then, from Little House on the Prairie, to the pastoral scenes printed on butter packages,  Americans tend to think of the agrarian past as wholesome and simpler . But, the real family farm has not always been pure or pretty.

Plus, Sean Hurley searches for buried treasure with a group of metal detectives.

NHPR Staff

 

Lawmakers are receiving a series of briefings on New Hampshire's labor market, economy and demographic challenges.

Economists and other experts are making presentations Monday to House and Senate lawmakers who sit on key committees that determine how money is raised and spent in New Hampshire. The briefings are open to the public and will be live streamed on the state's website.

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.

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