If It Ain't Broke, Don't Fix It! - Granite Grok

If It Ain’t Broke, Don’t Fix It!

More good news released by New Hampshire Employment Security – showing New Hampshire’s unemployment rate unchanged at 2.5%, both seasonally adjusted and not.  This is unchanged year-over-year as well, with both jobs and labor force entries steadily increasing monthly.

Since July 2018, nearly 8,000 jobs have been created – increasing almost evenly with those entering the work force.

In better news, those on the unemployment rolls are down year-over-year by 40 workers to 19,090 for a total labor force at approximately 770,000.

All of this just to say that there are now more Granite Staters employed than ever before – so – what are the Democrats trying to ‘fix’ exactly?

New Hampshire’s preliminary seasonally adjusted unemployment rate for July 2019 was 2.5 percent, unchanged from the June rate, which remained at 2.5 percent after revision. The July 2018 seasonally adjusted rate was 2.5 percent. Seasonally adjusted estimates for July 2019 placed the number of employed residents at 751,150, an increase of 650 from the previous month and an increase of 7,960 from July 2018. The number of unemployed residents increased by 150 over-the-month to 19,090. This was 40 fewer unemployed than in July 2018. From June to July 2019, the total labor force increased by 800 to 770,240. This was an increase of 7,920 from July 2018. The unadjusted July 2019 unemployment rate for New Hampshire was 2.5 percent, an increase of 0.1 percentage point from the June rate, which remained at 2.4 percent after revision. The July 2018 unadjusted rate was 2.5 percent. Nationally, the seasonally adjusted unemployment rate for July 2019 was 3.7 percent, unchanged from the June rate, and a decrease of 0.2 percentage points from the July 2018 rate. The national unadjusted rate for July 2019 was 4.0 percent, an increase of 0.2 percentage points from the June rate, and a decrease of 0.1 percentage point from the July 2018 rate. NOTE: State nonfarm employment estimates are available on our Internet Web site: www.nhes.nh.gov/elmi concurrent with this release. Local area unemployment rates are expected to be available on Thursday, August 22. All monthly data will continue to be published in the monthly newsletter New Hampshire Economic Conditions

NHES Press Release