New Hampshire economy

New Hampshire is considering adding its name to the list of states making a pitch for Amazon's proposed second company headquarters.  

 Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs, says the "Live Free Or Die" state's quality of life and tax advantages -- including no state income tax -- could be one of the incentives.

Bryan Marble/Flickr

The economic headlines in recent months have been overwhelmingly positive, both in New Hampshire and nationally.

The stock market is up, median household income is reaching record levels, and unemployment is low. NHPR’s Todd Bookman, who covers business and the economy, joined All Things Considered Host Peter Biello to dive deeper into the numbers, and explore what the data means for working families in the state.

Todd Bookman/NHPR

New Hampshire’s unemployment rate, which ticked down to 2.7 percent in August, remains one of the lowest in the nation.

If you are a glass-half-full person, 2.7 percent is cause for celebration, especially when you compare it to where the state was in 2009, when the recession shot the unemployment rate up to 6.6 percent.

Courtesy of Stay Work Play

Will Stewart arrived in New Hampshire, sight unseen, as a twenty-something in 2004. Now 38, he’s married, bought a home and is raising a child here.

In short, it’s exactly the scenario his new employer Stay Work Play wants to duplicate around the state.

Stewart will take over as executive director of the non-profit early next month.

Stay Work Play is dedicated to retaining and attracting young professionals to the state, doing so through events, partnerships and advocacy.

Source: BIA Report on Consumer Confidence

New Hampshire residents continue to forecast good times ahead for the state's economy. 

Mark Crawley; Flickr

A new report weighs the economic pros and cons of second homes, especially in towns where they make up a huge chunk of local real estate. A recent forecast of state job growth holds good news for health care workers...and bad news for teachers.  And U.S. News ranks the fifty states, and finds Massachusetts and New Hampshire are the best.


A new study, from the non-profit Americans for the Arts, shows arts and culture audiences spent almost $70 million in the four regions of the state that participated in the nationwide study.

That kind of spending makes an impact.

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.

NHPR Flickr

One leading economist says the Granite State is "getting its groove back," with GDP growth up three percent in twenty sixteen. Also, the gig economy, including freelance and contract work, gains traction here, and job prospects widen for the state's aging workforce.


Cori Princell / NHPR

A company in Quebec announced Friday it’s opening up new operations in Berlin. Deflex produces fiberglass parts for Volvo buses and waterslides. The family-owned company says they’ve been looking for a way to make their products in America for American clients, and that they’ve been talking with New Hampshire officials about the move for over a year. 

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.

Todd Bookman/NHPR

A group of New Hampshire investors are launching the largest seed stage venture capital fund in state history.

Matthew Roth/Wikimedia Commons

New Hampshire continues to add high-paying tech jobs to the state’s economy--just not fast enough to meet the sector’s growing demand.

Todd Bookman/NHPR

The factory floor inside of Graphicast, a manufacturing company in Jaffrey, feels like a throwback to another era. Workers stand around waist-high crucibles, plucking casts out of the pots filled with bubbling liquid metal.

“We’re melting at about 1,200 degrees Fahrenheit,” says Val Zanchuck, the company’s CEO, over the din. 

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.”

NH Division of Resource and Economic Development

During a previously unannounced trade mission to Montreal, Governor Chris Sununu spoke warmly on Monday about hundreds of years of economic ties between Quebec and New Hampshire.

Todd Bookman/NHPR

After 20 years of racing, Loudon is losing one of its biggest economic engines.

Track owners announced this week that the annual September NASCAR event held at New Hampshire Motor Speedway will be relocated to Las Vegas. The town will still host a mid-summer race, but local businesses are bracing for the impact.

Allegra Boverman; NHPR

Both President Trump and Governor Sununu released details about proposed budget plans within the last few weeks, so we'll discuss the impacts of these plans, including increased defense spending, and more funds for managing the opioid crisis. We'll also look at current wage and unemployment statistics in the state, and how Granite Staters feel about their economy. 


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.

New Hampshire’s unemployment rate fell one-tenth to 2.6 percent in December, capping off a strong year for most sectors of the state’s economy.

The final jobs report of 2016 from New Hampshire Employment Security finds that nearly 16,000 more residents had jobs than at the start of the year, and that those jobs came in a variety of sectors.

Current Population Survey, © 2016 by Barry T. Hirsch and David A. Macpherson

New Hampshire lawmakers are again debating Right-to-Work laws, with bills currently moving through both the House and Senate. With Republican majorities in both chambers, and a newly-elected governor who favors Right-to-Work, the policy stands its best chance of passing in more than a decade.

But Right-to-Work isn’t exactly a kitchen-table kind of issue. If you aren’t in a union, or a large business owner, you may not know much about its history, what Right-to-Work does, or why it matters.

Hannah McCarthy/NHPR

The United States is one of few countries in the world that doesn't guarantee paid family leave for workers. Four states have voted to adopt their own family leave policies in recent years, and Representative Mary Gile of Concord has been working to put New Hampshire on that list.

NHPR Staff

During the campaign, Governor-elect Chris Sununu said he would make attracting companies to the state a top priority. He also promised to meet with 100 business leaders in his first 100 days in office. 

In a speech this week, Sununu says the current administration hasn’t worked hard enough to attract firms, and criticized officials for failing to land a big one, General Electric.

The Republican’s comments on the year-old General Electric decision seemed to come out of the blue.

Sheryl Rich-Kern

By all accounts, commercial and residential construction is on the rebound in New Hampshire. But many general contractors say an aging workforce limits how much the market can grow.

Todd Bookman for NHPR

The term “apprentice” may conjure up thoughts of reality television and a certain President-elect, but actual apprenticeships--where workers learn skills on the job--are on the rise nationally. And in New Hampshire's health care industry, apprentices are being used as a way to fill a gap in the workforce.

NHPR

Year-end reports show positive trends: from very low unemployment to the addition of 17,000 jobs in 2016. However, rental prices continue to rise, and while the Granite State has plenty of jobs, it badly needs people to fill them.

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.

Kandy Jaxx / Flickr

The state’s unemployment rate remains the lowest in the nation, dipping to 2.7% in November.

New data from the New Hampshire Department of Employment Security show the state lost 380 jobs last month, but that was offset by a shrinking labor force.

Todd Bookman, NHPR

The machinery inside Conner Bottling Works doesn’t sparkle like it used to. In fact, everything and everybody in here look like they could use a break.

“We are the last family-owned independent bottler in the state of New Hampshire,” says Dan Conner, the fifth generation to work here. “153 years, from start to today. Never shut down, never stopped.”

Launched in 1863, the first Conners only bottled beer, but in the 1890s, the company branched out into sodas. During prohibition, harder drinks were made out back, a friendly sheriff reportedly looking the other way.

Allegra Boverman / NHPR

New projections for the labor market what skills will be needed in the Granite State. Governor-elect Sununu's business experience has grabbed the attention and hopes of business owners. Concern is rising about New Hampshire's poorly funded public employee retirement plans. 


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