Unemployment rate in NH jumps to 2.4%

Nov. 15—For the second month in a row, the New Hampshire unemployment rate has gone up slightly after historic lows this summer.

The 2.2% rate in September rose to 2.4% in October, Employment Security reported Tuesday. The rate had remained at record lows for three straight months.

The October 2021 seasonally adjusted rate was 3.1%.

The number of unemployed residents increased by 1,740 in October and 1,070 in September. The total number of unemployed was 18,340 in October, according to a news release.

Seasonally adjusted estimates for October placed the number of employed residents at 753,660, a decrease of 490 from the previous month and an increase of 22,630 from October 2021.

From September 2022 to October 2022, the total labor force increased by 1,250 to 772,000. This was an increase of 17,640 New Hampshire residents from October 2021, according to the news release.

Nationally, the seasonally adjusted unemployment rate for October was 3.7%, an increase of 0.2% from the September rate, the state said.