NH jobless rate drops significantly during last year
In the depths of the recession, the number fell below 625,000.
The state’s seasonally adjusted unemployment rate for February was 4.7 percent, a significant decrease from the February 2013 rate of 5.4 percent. There are more people working, and the size of the labor force has increased.
The number of unemployed residents decreased by 4,920 from February 2013. The total labor force increased by 1,830 to 744,620.
Massachusetts and Vermont have already experienced a full job recovery. Economists predicted in May of last year that New Hampshire should regain all of the jobs lost to the recession by the summer of 2014, but that now looks unlikely unless the state can generate 15,000 jobs between now and then.
Gov. Maggie Hassan said the trends are all in the right direction.
“Today’s announcement is encouraging news that reinforces that our economy is strengthening and that we are out from under the worst burdens of the recession,” she said. “New Hampshire’s unemployment rate is now a full two points below the national average. At the same time, participation in our labor force has continued to increase.”
- How much more would prices have to rise before you'd consume less?
- I've already cut back
- More than 100%
- Total Votes: 63
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