The New Hampshire Department of Business and Economic Affairs (BEA) is actively monitoring the evolving situation with regard to the threat the coronavirus (COVID-19) presents to our state. This page provides forecast and historical data, charts, statistics, news and updates for New Hampshire Unemployment Rate. New Hampshire - Economy. Get by Email • RSS. “One of the interesting things about this recession was that it was a bottoms-up recession., meaning that it started in the mortgage offices,” he said. Median household income in 2008 was $49,467, the seventh highest in the country. New Hampshire's economy has expanded modestly this cycle, defying formidable demographic challenges. New Hampshire is a US state that is situated on the northeastern side of the country. That dollar amount reflects a 9.9% gain from 2018 to 2019 and a 40.7% increase since 2016. Among the various sectors of the economy, the Industrial Sector includes tourism, manufacturing, agriculture, trade and mining. The Bureau of Economic Analysis estimates that New Hampshire's total state product in 2008 was $60 billion, ranking 40th in the United States. Real New Hampshire GDP, at $87.634 bn in 2019, is at the highest level recorded to date. Then on March 27 the governor issued a stay-home order and ordered “non-essential” businesses closed to in-person interactions. Chris Sununu extended the state’s stay-at-home order to May 31 while allowing the restricted reopening of restaurants, hair salons and other businesses throughout the month. What's New Information, Resources for the Coronavirus The New Hampshire Department of Health and Human Services has a website containing important information regarding the Coronavirus Disease 2019, including frequently asked questions and other resources. NH Economy Business Center. The governors of New Hampshire and Vermont on Friday announced phased-in measures to reopen their state’s economies over the next month. Nashua has an unemployment rate of 2.9%. The New Hampshire Department of Safety's Homeland Security Emergency Management has prepared this continuity of operations planning guide. They were organized into clans, semiautonomous bands, and larger tribal entities; the Pennacook, with their central village in present-day Concord, were by far the most powerful of these tribes. The US average is 3.7%. New Hampshire, constituent state of the U.S. One of the original 13 states, it is located in New England at the northeastern corner of the country. ... What is the unemployment rate in New Hampshire? Business and Economy of New Hampshire According to the Bureau of Economic Analysis, the Total State Product in 2003 was $49 billion with a Per capita personal income of $35,140 in the same year. According to the Bureau of Economic Analysis, New Hampshire had a total state product of about $86 billion in 2018. Its capital is Concord. Economy in Nashua, New Hampshire. Most colonists make products out of these resources such as axes, knives, pots, blankets, and clothing. Civilian Labor Force . Trends in New Hampshire Real GDP. This week, NH Business Review editor Jeff Feingold and writer Bob Sanders take a deep dive into the state of the New Hampshire economy, analyzing different sectors and looking at what may come next as 2020 comes to a close. That one-two punch put nearly […] These products are of value to the local Native Americans, and they will trade furs for these items. New Hampshire Economy News Monitoring. Over the 5 years ending in 2019 the New Hampshire economy grew in real terms by 11.89% at a compound annual growth rate of 2.27% per year. Nebraska had the lowest unemployment rate, followed by Utah and Idaho. Published on Nov 21, 2020. Its agricultural outputs are dairy products, nursery stock, cattle, apples and eggs. New Hampshire is best known for its great supply of fish and lumber, however furs, salt, and livestock can also be found in New Hampshire. In 2015, New Hampshire embarked on an ambitious experiment to reduce tax rates on employers to boost the state’s economy and add jobs. During the 19th century, as overseas trade became less important to the New Hampshire economy, textile mills were built, principally along the Merrimack River. New Hampshire Gelato Startup Focuses On Boosting The Local Economy Two year ago, Linda Rubin decided to start a gelato business, but knew nothing about how to make the stuff. New Hampshire Economy: 2008 Recession Russ Thibeault, President of Applied Economic Research, said about 25,000 homes went into foreclosure and 30,000 jobs evaporated. New Hampshire - New Hampshire - History: Before contact with the English, about 3,000 Native Americans inhabited what eventually became New Hampshire. New Hampshire Economy Agriculture. Cell phone data and reported restaurant and retail store revenue show that consumers voluntarily began staying home in the early March. Pages in category "Economy of New Hampshire" The following 5 pages are in this category, out of 5 total. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%. Proponents argued that reducing the Granite State’s uncompetitively high business taxes would cause companies to grow here, increase employment and ultimately boost state revenues. This week’s episode is sponsored by TFMoran, a … The September 2019 jobs report shows that the number of employed residents increased by 850 from August 2019. Nashua has seen the job market increase by 2.1% over the last year. In terms of revenue generated New Hampshire's top five agricultural products are greenhouse and nursery products, dairy products, apples, cattle and calves, and sweet corn. What this measures: The percentage of residents 16 or older who do not have a job and are looking for one. In Concord, New Hampshire Gov. New Hampshire ranks among America’s 40 biggest exporters by state … Economy. With an economy that’s stronger now than any point since the 2008 recession, it’s an excellent time to consider pursuing jobs in NH. Economy in New Hampshire. New Hampshire’s economy is still in good shape, but the labor shortage could be holding things back By Bob Sanders N.H. Business Review Dec 28, 2019 It is bounded to the north by Canada, to the east by Maine and the Atlantic Ocean, to the south by Massachusetts, and to the west by Vermont. USA Today reports on the new analysis from 24/7 Wall Street that finds New Hampshire has the fourth-best economy in the country, just behind Colorado, Utah and Massachusetts. The New Hampshire economy is strong and growing, yet there are challenges to economic growth and to improving livelihoods for all the state’s residents. Opponents suggested lowering taxes would “blow a $90 million … Why this matters: Unemployment has negative effects on physical and mental health. New Hampshire The motto "Live Free or Die" also applies to the friendly regulatory regime, but Granite State infrastructure is a bit unstable. The unemployment rate remained steady at 2.5 percent. This list may not reflect recent changes . New Hampshire Economy at a Glance: New Hampshire; Data Series Back Data June 2020 July 2020 Aug 2020 Sept 2020 Oct 2020 Nov 2020; Labor Force Data. Nicknamed the Granite State, it has an area of around 9,349 square miles and a population of around 1.4 million people as of 2018. New Hampshire economy is a set of human and social activities and institutions related to the production, distribution, exchange and consumption of agriculture and industry goods and services. The cornerstone of the New Hampshire Regional Economic Analysis Project is the annual data compiled by the Regional Income Division and Regional Product Division of the Bureau of Economic Analysis (BEA), U.S. Department of Commerce encompassing more than 5 decades--from 1969 to 2019. The state's labor force also grew by 1,080 to a record-high of 772,760. Part 2: New Hampshire Stories of Race and Culture ... New Hampshire is ordering people in the “Live Free or Die” state to wear masks as coronavirus cases rise and hospitalizations increase ahead of Thanksgiving. New Hampshire’s economy spent March and April of 2020 rapidly contracting. The New Hampshire economy is growing, and the job market is full of opportunities for those looking for well-paying, long-term work. New data released by New Hampshire Employment Security shows that more Granite Staters are working than ever before. Unemployment Rate for New Hampshire from U.S. Bureau of Labor Statistics (BLS) for the State Employment and Unemployment release. The balance between New Hampshire various economic sectors differs largely between various regions and other states in the US. New Hampshire flag Nicknamed “The Granite State” and “The White Mountain State” located in the New England region within America’s northeast, New Hampshire shipped US$5.8 billion worth of goods around the globe in 2019. Dairy farming and dairy products contribute about 31% of the state's total agricultural receipts. New Hampshire was one of the 13 original colonies of the United States and was founded in 1623. New Hampshire was the first of the original 13 colonies to establish an independent government — on 5 January 1776, six months before the Declaration of Independence. 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