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NH News

New Hampshire's Low Unemployment Rate Could Make It Hard For Employers To Fill Vacancies

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Kandy Jaxx
/
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Official jobs and unemployment numbers aren’t the only way to trace the recession and the recovery

  The state is set to release its latest unemployment figures. 

In December the state's seasonally adjusted jobless rate stood at 3.1 percent, which economist Russ Thibeault of Applied Economic Research in Laconia says is close to full employment.

He says the state's challenge this year will be finding workers to fill vacancies.

"We've been averaging job growth of around 5 ,000-7,000 jobs on a year over year basis," Thibeault says. "That's a moderate pace but it's been sustainable. The question is, can we continue to add jobs when our unemployment rate is as low as it is now?"

New Hampshire's jobless rate remains below the national average, which fell to 4.9 percent in January.

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