August 2024
Released September 20, 2024
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United States Employment Snapshot
In August, among the 50 states and the District of Columbia unemployment fell in 5, rose in 32, and remained unchanged in 14.
The highest unemployment rate was 5.7 percent in District of Columbia, and the lowest was 2 percent in South Dakota. Nationally, the unemployment rate fell by 0.1 percentage point to 4.2 percent.
In August, payroll jobs rose in 32 states and fell in 18. The largest payroll job percent increase was 0.6 percent in Texas. The largest payroll job percent decline was 0.7 percent in South Dakota.
New Hampshire Employment Snapshot
In August, New Hampshire added 1,300 net payroll jobs and the unemployment rate rose by 0.1 percentage point to 2.6 percent. In the prior month, New Hampshire lost 1,000 net payroll jobs.
Over the past 12 months, New Hampshire added 10,800 net payroll jobs and the unemployment rate rose by 0.3 percentage points from 2.3 percent.
Nationally, nonfarm payrolls rose by 142,000 in August, or 0.1 percent. New Hampshire is tied for 19th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In August, New Hampshire’s private sector added 1,300 net private payroll jobs, and over the past 12 months it added 9,000 private payroll jobs. In the prior month, New Hampshire lost 100 net private payroll jobs.
In August, employment in New Hampshire rose by 272, and over the past 12 months it rose by 8,209.
New Hampshire’s labor force participation rate remained steady at 65.6 percent in August and ranks 13th in the nation. In the past 12 months, the labor force participation rate has risen by 0.5 percentage points.
New Hampshire Payroll Employment
New Hampshire added 1,300 net payroll jobs, or 0.2 percent, on a seasonally adjusted basis during August. In the prior month, New Hampshire lost 1,000 jobs. New Hampshire nonfarm payroll employment has increased in 8 of the past 12 months.
Nationally, nonfarm payrolls rose by 142,000 in August, or 0.1 percent. New Hampshire is tied for 19th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
New Hampshire added 1,300 private sector jobs, or 0.2 percent. on a seasonally adjusted basis during August. In the prior month, New Hampshire lost 100 jobs. New Hampshire private sector payroll employment has increased in 8 of the past 12 months.
Nationally, private sector payroll jobs rose by 118,000 jobs in August, or 0.1 percent. New Hampshire is tied for 20th in the nation for percentage gain in private sector payroll employment over the past 12 months.
The best performing sectors on a seasonally adjusted basis during August were Leisure and Hospitality (1,100) and Professional and Business Services (500).
The poorest performing sectors during the month were Other Services (-300) and Manufacturing (-500).
The best performing sectors during the last 12 months were Education and Health Services (6,700) and Professional and Business Services (3,700).
The poorest performing sectors during the last 12 months were Information (-300) and Manufacturing (-1,600).
New Hampshire Labor Force
The labor force participation rate is the percentage of the civilian noninstitutionalized population age 16 and older who are employed or actively looking for work.
The labor force participation rate in New Hampshire remained unchanged at 65.6 percent in August.
New Hampshire ranks 13th in the nation.
The 10-year high for the labor force participation rate in New Hampshire was 69.1 percent in October 2019, and the 10-year low was 65 percent occurring in July 2023.
The national labor force participation rate remained steady at 62.7 percent in August.