NH jobless rate dips to 4.5 percent
CONCORD — New Hampshire’s seasonally adjusted unemployment rate for March was 4.5 percent, a decrease of 0.2 percentage points from the February rate, which remained at 4.7 percent after adjustments, according to NH Employment Security.
The March 2013 seasonally adjusted rate was 5.3 percent.
“Today’s announcement that participation in the labor force continued to increase while New Hampshire’s unemployment rate dropped to 4.5 percent in March, more than two points below the national average, is another encouraging sign that our economy is continuing to strengthen, allowing businesses to grow and create jobs,” Gov. Maggie Hassan said in a prepared statement.
Seasonally adjusted estimates for March placed the number of employed residents at 712,380, an increase of 2,940 from the previous month and an increase of 8,620 from March 2013.
The monthly report from Employment Security showed that the state now has 648,200 non-farm jobs, getting close to the 650,000 non-farm jobs in New Hampshire prior to the start of the recession in 2009. The state lost 25,000 jobs over the course of the recession.
Nationally, the seasonally adjusted unemployment rate for March 2014 was 6.7 percent, unchanged from the February rate, and a decrease of 0.8 percentage points from the March 2013 rate.