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The LOLconomy
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The LOLconomy
Personal/Household
note from
Nashua, NH
Things have been pretty silly lately -- bad news and good news mixed together into an unidentifiable stew, so me and my friends call the situation The LOLconomy. First, my dad, a close to 40-year veteran in hardware engineering, got laid off in February. Then, a couple weeks ago, I learned that my salary for my writing/editing job was going to be chopped by 25 percent. This made it necessary to move back in with my parents, at 32 years old. My dad is grateful for the company and the extra rent money, and I'm glad to help out -- I just wish I still had my own place and my own life separate from my parents, as well. Oh well. So goes the LOLconomy. |
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Briefing Room
In her recent story about the ground breaking for the Seabrook drinking water plant, NHPR's Amy Quinton made an important point. She noted that of 56 drinking water projects in the state, only about 25% of them are under contract, that is, in the hands of contractors who will then do the work. This gives a sense of when one can expect jobs to appear based on these bricks and mortar projects.
When looking at the impact of the stimulus, the general forecast is that direct job creation will peak in the spring of 2010.
Declining home prices continue to help residential sales in New Hampshire. Prices are down about 11 percent and sales for the year are a hair above what they were in 2008.
Real estate agents are pleased with the October numbers. After a grim period stretching from last fall to early spring, there’s been a consistent if modest upward trend. The number of homes sold last month rose compared to this September and compared to October a year ago. The data come from the New Hampshire Association of Realtors.
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