We are No. 2: NH economy ‘booming’ says Sununu, after release of Dec. jobs report

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Below: Promotional video produced by the NH Division of Economic Development

CONCORD, NH – National unemployment statistics for December 2018 are in and the only state where unemployment is lower is Iowa, where unemployment held steady at 2.4 percent. That makes New Hampshire a close No. 2, at 2.5 percent, tied with Hawaii.

Gov. Chris Sununu heralded the news via his official Twitter account, calling the New Hampshire economy “booming,” citing a new round of business tax cuts that kicked in for 2019.

“New Hampshire’s economy is booming like never before, thanks to strategic investments and tax cuts made by my administration,” Sununu said. “Our commitment to creating a business-friendly climate in the Granite State continues into the New Year, with a 2.5 percent reduction in the Business Profits Tax and 11 percent reduction in the Business Enterprise Tax.

“I’m incredibly proud that our management has led to more Granite Staters working than ever before, an increase in the number of young people moving to New Hampshire, and consumer confidence is at an all-time high. New Hampshire’s economy is roaring – and with this new round of job-creating tax cuts, we continue to move in the right direction. We remain committed to a further 2.5 percent reduction of the Business Profits Tax and 16.6 percent reduction of the Business Enterprise Tax in 2021. The economic successes we create for individuals will continue to drive opportunity for the state,” Sununu said.

Below is the most recent available state-by-state comparison chart from the U.S. Bureau of Labor Statistics. The chart has not been updated since the most recent statistical updates reflecting December 2018 numbers. The new report was issued Jan. 18.

National unemployment rate is 3.9 percent

Approximately 312,000 jobs were created across the country in December 2018 and the national unemployment rate rose to 3.9 percent, according to the Bureau of Labor Statistics. Employment increased in health care, food services and drinking places, construction, manufacturing and retail trade.

Unemployment figures for January 2019 will be released on Friday, Feb. 1, 2019. State unemployment rates for November 2018 can be found here, as also reflected on the chart below.

About Carol Robidoux 6421 Articles
Longtime NH journalist and publisher of ManchesterInkLink.com. Loves R&B, German beer, and the Queen City!