N.H. Economic News Roundup: Despite Slugglish Wage Growth, Consumers In The Spending Mood
Job growth in the Granite State is still healthy - while wage growth remains slow. Consumers seem in the mood to spend, but some local retailers say they lack shoppers. And New Hampshire's housing crunch just gets tighter -- especially for renters.
The U.S. adds 157,000 jobs in july, with unemployment slipping to 3.9%.
The government says average hourly earnings rose a modest 2.5% over the past year.
In New Hampshire, Brookstone, the Merrimack-based retailer, files for bankruptcy, announcing it will close 101 mall locations.
For the second time in five years, Keene shopping center changes ownership.
N.H. renters face high rents and record-low vacancy rates -- an issue, too, for businesses, given the critical role housing plays in workforce development.