New Hampshire Job Growth To Be Slow And Steady, Forecast Says
A new state forecast shows New Hampshire will see continued job growth through 2024, but it won't be fast. New Hampshire Employment Security issues employment projections every two years.
Its latest study, released this week, projects the state will gain just over 47,000 jobs between 2014 and 2024, nearly all of them in service industries.
Many of those jobs will be in health care and social services; economists also expect growth in professional and technical services, such as the IT industry.
The number of manufacturing jobs is expected to drop by about 1 percent, but economist Annette Nielsen says the demand for manufacturing workers should stay high.
"Because we have the third highest median age in New Hampshire, we have quite a lot of older workers," Nielsen says. "There's always every year somebody retiring or, for other reasons, leaving a certain occupation. Those jobs need to be filled."
Overall, though, job growth won't be quick.
The forecast expects average annual growth of just .68 percent.