NH's unemployment rate in August stays at record low

The New Hampshire Union Leader, Manchester
·1 min read

Sep. 13—New Hampshire for a third straight month recorded a historically low 2% unemployment rate in August.

There were 550 more residents unemployed in August than in July and 9,830 fewer unemployed than in August 2021, according to Tuesday's monthly report from New Hampshire Employment Security.

Starting in June, the state notched its lowest unemployment rate ever in 46 years of record-keeping — 2% — a little more than two years after the unemployment rate spiked to a record 16.2% after the coronavirus pandemic shuttered parts of the economy.

The unemployment rate for August 2021 stood at 3.4%.

For August, New Hampshire saw gains in the number of residents working with 1,800 more than in July and 24,160 more than in August 2021.

The state's labor force grew by 2,430 in August over the previous month to 769,130 and by more than 14,000 over a year earlier.

The state's unemployment rate stood at 3.4% in August 2021.

Nationally, the unemployment rate in August was 3.7%, up from 3.5% in July, and down from 5.2% from August 2021.