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NH Business Newsreel: State unemployment steady at 2.7 percent

November 14. 2017 11:24AM
New job seeker Denice Thurston of Concord chats with employers Jay and Ami Hamel of MAS Medical Staffing in Manchester during the New Hampshire Employment Security Manchester Job & Resource Fair on in June at St. George Greek Orthodox Cathedral in Manchester. About 150 employers were looking to fill 2,000 job opportunities at the event. (UNION LEADER FILE)

CONCORD — New Hampshire’s preliminary seasonally adjusted unemployment rate for October 2017 was 2.7 percent, unchanged from the September rate, New Hampshire Employment Security reported Tuesday. The October 2016 rate was 2.8 percent.

The Granite State continues to have one of the lowest unemployment rate in the nation. In September, for example, only North Dakota, Colorado and Hawaii had lower rates, according to the U.S. Bureau of Labor Statistics.

The number of employed residents in the state was 727,780, a decrease of 2,190 from September and a decrease of 2,290 from October 2016. The number of unemployed residents increased by 70 over the month to 20,130. This was 790 fewer unemployed than in October 2016.

From September to October 2017, the total labor force decreased by 2,120 to 747,910, a decrease of 3,080 from October 2016.

The unadjusted October 2017 unemployment rate for New Hampshire was 2.4 percent, a decrease of 0.2 percentage points from the September rate which remained at 2.6 percent after revision. The October 2016 unadjusted rate was 2.5 percent.

Nationally, the seasonally adjusted unemployment rate for October 2017 was 4.1 percent, a decrease of 0.1 percentage point from September, and a decrease of 0.7 percentage points from October 2016. The national unadjusted rate for October 2017 was 3.9 percent, a decrease of 0.2 percentage points from September, and a decrease of 0.8 percentage points from October 2016.

USNH earns postive financial ratings

Standard & Poor’s (S&P) and Moody’s issued a stable outlook for the University System of New Hampshire, citing strong fiscal stewardship and continued positive operations, including relatively stable enrollments, despite minimal state support, the system announced.

The strong ratings were expected to help the USNH save money as it issued bonds Tuesday to refinance part of its existing debt.


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