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New Hampshire Jobless Rate Increases

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In a report from Foster’s Daily Democrat, the New Hampshire unadjusted employment rate for the month of October was 5.2 percent. The data was released by New Hampshire Employment Security. The numbers are compared with the edited unadjusted jobless rate of 5.2 percent in the month of September and a 5.0 percent rate for October of 2011.

In the national unadjusted unemployment rate, the year-over-year increase to higher unemployment is not recognized. The rate was 7.5 percent in October and 8.5 percent in October of 2011.

The Current Employment Statistics, which is compiled using a survey of employers in New Hampshire, was also released. The data from this survey shows that the total estimate for jobs in the private sector comes in at 537,400. From the beginning of September, this is a loss of 500 jobs but is still 1,000 jobs higher than one year ago.

In New Hampshire, there are 23,200 people employed in the construction industry. This is a drop of 300 jobs from September to October but an increase of 500 from last year. The construction industry usually drops jobs in October until the spring because of the winter months.

For the manufacturing industry, there were an estimated 65,500 jobs in October, which is a decrease of 300 jobs from September and a decrease of 1,100 since last year. The wholesale trade industry has 27,600 employees, a decrease of 100 jobs from September but an increase of 1,100 since the same time in 2011.

The retail industry has 92,800 employees, an increase of 1,300 people since September and an increase of 2,100 over the past year. The industry of real estate, rentals and leasing, lost 100 jobs from September to October. That industry has 6,600 employees, which is a 300 employee drop from the previous year.

There are 19,900 employees in the industry of colleges, universities and professional schools, which is a 1,200 employee jump from September and a 300 employee increase from the previous year.

For October, health care and social services gained 300 jobs for the month but lost 800 over the past year to come in at 84,300 employees. The industry of leisure and hospitality lost 2,900 jobs from September to October, leaving 65,100 employees in the industry. That number is 900 more than the same time in 2011.

In the public sector, government gained 1,700 jobs over the past month to reach 95,500 employees at the local, state and federal levels. The largest level for employment is local, with 60,900 employees, a decrease of 1,100 employees over the year. The federal government employs 7,200 people, which is a decrease of 200 employees from last year at the same time. State government employs 27,400 people, an increase of 1,300 employees from the same time last year.

New Hampshire Jobless Rate Increases by
Authored by: Andrew Ostler

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