Unemployment

New unemployment figures came out Tuesday and at 2.8%, New Hampshire's rate remains the lowest in the nation. On paper, that may sound like a very good thing: nearly everyone who wants a job has one. But if you are an employer trying to fill a vacancy or a company trying to expand, these can be frustrating times.

bytemarks / Flickr Creative Commons

 

New Hampshire officials say the state's unemployment rate went up slightly in July, to 2.9 percent.

The state employment security office says the preliminary seasonally adjusted unemployment rate is up a tenth of a percentage point from the June rate of 2.8 percent.

The seasonally adjusted unemployment rate for July 2015 was 3.4 percent.

The state estimates that 732,860 people were employed last month, an increase of 1,730 from the previous month and an increase of 15,930 from July 2015.

bytemarks / Flickr Creative Commons

 

New Hampshire officials say the state's unemployment rate went up slightly in June, to 2.8 percent.

The state employment security office says the preliminary seasonally adjusted unemployment rate is up a tenth of a percentage point from the May rate of 2.7 percent.

The seasonally adjusted unemployment rate for June 2015 was 3.5 percent.

The state estimates that 731,010 people were employed last month, an increase of 1,910 from the previous month and an increase of 14,510 from June 2015.

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.

Allegra Boverman / NHPR

It's been fifteen years since the state's unemployment rate was down this far - at 2.7%: good news, but there's concern a tight labor market makes it tough for employers to find workers.  We'll look at that, as well as improvements in the housing market, especially for sellers, and the local impact of global turmoil.

 

New Hampshire's unemployment rate held steady in June.

The state employment security office says the preliminary seasonally adjusted unemployment rate was 3.8 percent in June, unchanged from the May rate and lower than the 4.3 percent unemployment rate for the same month last year.

The state estimates that 720,940 people were employed last month, an increase of 12,350 from June 2014.

Nationally, the seasonally adjusted unemployment rate for June was 5.3 percent.

J. Stephen Conn / Flickr / Creative Commons

The unemployment rate is below four percent in New Hampshire and the labor force is growing, but some say our overall economic growth is still falling short. We’ll find out more looking at demographics, trade, the political climate, housing and healthcare.

Giving Matters: Childcare Assistance

May 30, 2015
Courtesy DDA604 via Flickr/Creative Commons. (https://flic.kr/p/6H6XSo)

The Ossipee Children’s Fund was not created by a municipality. It is an NGO, started by caring people in the community who saw a need. The grassroots organization helps to pay for child care, education, recreation and enrichment programs for children from low-income families in Ossipee and surrounding communities. 

New Hampshire’s unemployment tax rate will go down by 1 percent in the first quarter of this year, state officials said Tuesday.

The new rate of 3.4 percent is expected to save employers more than $37 million over the next three months.

The lower rate is triggered when the state’s unemployment compensation trust fund maintains a balance of $275 million or more during the previous quarter.

This comes after the rate was lowered in the final quarter of 2014 by point-five percent.

Sheryl Rich-Kern for NHPR

The New Hampshire Retail Association expects us all to do more shopping this holiday season.  The group projects a 4.3 percent jump in sales, slightly higher than national forecasts.

In anticipation, New Hampshire retailers, warehouses and delivery services are recruiting temporary workers. And while that bodes well for the job market, not all employers and employees find what they’re looking for.

bytemarks / Flickr Creative Commons

The state’s unemployment rate ticked down to 4.2 percent last month, the lowest it’s been in six years.

Data released today by the state’s employment security office shows the October rate was a slight improvement from September rate, when unemployment was at 4.3 percent.

By comparison, last October’s unemployment rate was 5.2 percent.

Data shows roughly 2,000 more Granite Staters were employed last month compared to September, while the number of unemployed residents decreased by 1,300.

Giving Matters: Breaking The Cycle Of Food Insecurity

Oct 4, 2014
Courtesy Niall Kennedy via Flickr/Creative Commons.

The work of the New Hampshire Food Bank is well established in the state, providing millions of pounds of food every year to food pantries and soup kitchens north and south. Less well-known, perhaps, are the programs it has developed that address the causes of hunger -- helping people get training that leads to employment and to food security.
 

bytemarks / Flickr Creative Commons

New Hampshire’s unemployment tax rate went down by .5 percent at the beginning of the month.

State officials say the new rate is a result of the health of the state’s unemployment compensation trust fund, which ran a balance greater than $250 million in the third quarter of fiscal year 2014.

The state’s unemployment compensation law triggers an automatic reduction to the tax rate when the trust fund maintains certain levels.

New Hampshire Employment Security Deputy Commissioner Richard Lavers says that positive trend is expected to continue into next year.

bytemarks / Flickr Creative Commons

New Hampshire’s unemployment rate held steady at 4.4 percent last month, unchanged from the May rate.

The state’s unemployment rate remains well below the national rate of 6.1 percent.

While the state’s unemployment rate was unchanged last month, the state’s employment security office reports the number of out-of-work Granite Staters dropped by 340.

The office also reports the state’s total labor force dropped by about 1,500 people from May to June.

N.H. Unemployment Rate Falls In March

Apr 15, 2014
Michael Lokner via Flickr CC

New Hampshire’s jobless rate dropped two-tenths of a percent in March.  It now stands at four-and-a-half percent, well below the national rate, according to numbers released by the state’s Employment Security Department.  

N.H. Food Bank, Breaking The Cycle Of Food Insecurity

Apr 4, 2014
Courtesy Niall Kennedy via Flickr/Creative Commons.

The work of the New Hampshire Food Bank is well established in the state, providing millions of pounds of food every year to food pantries and soup kitchens north and south. Less well-known, perhaps, are the programs it has developed that address the causes of hunger -- helping people get training that leads to employment and to food security.
 

The state’s employment security office hopes to organize a job fair for the employees being laid off at Osram Sylvania in Manchester.

The New Hampshire Employment Security office says the state's unemployment rate for January was 4.9 percent, down from 5.2 percent in December.

In January 2013, the seasonally adjusted rate for New Hampshire was 5.5 percent.

Nationally, the seasonally adjusted unemployment rate for January was 6.6 percent, a decrease of 0.1 percentage point from December, and a decrease of 1.3 percentage points from the January 2013 rate.

MMBOB / Flickr Creative Commons

Upon first glance, the numbers look good, the U.S. jobless rate now sits at 6.6%, a full 1.6% better than last year. But dig deeper into those numbers and you find a different story: currently 4 million Americans have been out of work for more than half a year, and in New Hampshire that makes up nearly 32% of the jobless. But now, the stress of long-term unemployment is being felt even more as the extensions usually given after 6  months were dropped in December leaving 1,300 in New Hampshire and nearly 2 million nationwide without benefits.

Thirteen unemployed and underemployed people from New Hampshire and Vermont will soon be taking jobs with Dartmouth-Hitchcock as medical coders.  Today they graduate from an innovative cross-state program.

Amanda Loder / NHPR

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. 

No Change In N.H.'s Unemployment Rate For December

Jan 22, 2014

The state’s unemployment rate was unchanged from November to December.  That’s according to New Hampshire Employment Security.  

Paul Filippov for NHPR

Gov. Maggie Hassan is urging Congress to renew long-term unemployment benefits that expired for 1,350 out-of-work New Hampshire residents last week.

The local jobs picture in New Hampshire continues to improve. New data out Thursday from N.H. Employment Security shows that all ten counties had lower unemployment rates in November than compared to the start of 2013.

The rate in Coos County remains the highest in the state, but it’s down 2.4% from last January.  Cheshire and Strafford have each seen their jobless rates fall by 2 percentage points.

Sara Plourde / NHPR

To get a glimpse of how each individual New Hampshire county is doing with regard to job recovery after the recession, check out the map below. The graphs cover the period from January 2008 through March 2013, the most recent numbers available.

What you're not seeing: Employment trends upward in the spring and summer months; final figures for 2013 will give us a clearer picture of where we are, but won't be available until next year.

[Click image to view larger.]

Amanda Loder / NHPR

  After citing the latest unemployment statistics, many media reports add a note about the number not including “discouraged workers.”  Those are people who gave up after months of unemployment.  But there is another, much smaller group of people who have decided to make their own jobs, by starting a business.

Sequestration Hits Long-Term Unemployed In NH

Apr 23, 2013

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. 

And those benefits will soon be cut.

woodlywonderworks via flickr Creative Commons

A recent study from Northeastern University reveals a crippling catch- 22 for the long-term unemployed. Matthew O’Brien is an associate editor at The Atlantic who recently took a look at the date and wrote about the gloomy prospects for people who’ve been too long without work.

photologue_np via flickr Creative Commons

The International Labor Organization – or ILO -- announced last week that global unemployment has dipped to its lowest level since December 2008. However, the numbers don’t look nearly as promising for young people. An estimated 75 million people in the 15-to-24 range will be unemployed this year.  The ILO warns that if these trends continue, a generation will be scarred by economic disadvantage.  Mona Mourshed is Education Director  for the McKinsey Center for Government , which is studying youth unemployment. Mona is co-author of the McKinsey  report: Education to Employment: Designing a System That Works.”

The unemployment rate in New Hampshire rose a tenth of a point to 5.8% in January. More than 43,000 Granite Staters remain out of work.

But Annette Nielsen, an economist with NH Employment Security, says the trend for the state is heading in the right direction.

Nielsen: “The economy is growing...we are adding jobs, so people are not discouraged. They are actually encouraged by that activity so that they are joining in bigger numbers, and attempting to find employment.”

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