New Hampshire Labor Force Exceeds Dec 2019 (Pre-Pandemic) Figures - Granite Grok

New Hampshire Labor Force Exceeds Dec 2019 (Pre-Pandemic) Figures

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If you were wondering whether New Hampshire was doing something right, this might help you find an answer. The State’s May Jobs data was just released, and unemployment is at a record low. But is it?

It’s easy to have low unemployment if you’re not counting people who are not looking for work. The simplest way around that attempted fraud is how many people are in the labor force. Those actively employed or looking for a job. In December 2019, amid a booming pre-pandemic economy, New Hampshire’s labor force was 757,710.

The New Hampshire Department of Employment Security report for May 2022 puts that number at 762,370.

We have more people looking or working than before the pandemic.

 

New Hampshire’s preliminary seasonally adjusted unemployment rate for May 2022 was 2.1 percent. This was a decrease of 0.2 percentage points from the April rate, which remained at 2.3 percent after revision. The May 2021 seasonally adjusted rate was 3.7 percent.

Seasonally adjusted estimates for May 2022 placed the number of employed residents at 746,090, an increase of 3,650 from the previous month and an increase of 17,150 from May 2021. The number of unemployed residents decreased by 1,220 over-the-month to 16,280. This was 11,460 fewer unemployed than in May 2021. From April 2022 to May 2022, the total labor force increased by 2,430 to 762,370. This was an increase of 5,690 New Hampshire residents from May 2021.

 

And it’s still an employee market. Employers across the Granite State are starving for workers and offering excellent starting wages, even entry-level positions. It’s an outlier given the other economic news and a pin in the bloated balloon of Lftied whining about the minimum wage.

The market sets the value based on skills or needs. Government meddling messes with that, more often than not, to harm the very people its advocates claim they will help.

New Hampshire is the only New England State (to the best of my knowledge) still using the federal minimum wage. I believe all of our liberal neighbors raised theirs to or above 10.00 an hour.

Here in New Hampshire, starting wages are up. Labor force participation is up and still growing. And the only real problem is Democrats and their meddling in DC.

But it is not a problem beyond our reach. November is coming. We could send a few folks who might vote for less meddling.

If we can find some.

 

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