October 2024 | Released November 19, 2024
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United States Employment Snapshot
In October, among the 50 states and the District of Columbia unemployment fell in 8, rose in 22, and remained unchanged in 21.
The highest unemployment rate was 5.7 percent in District of Columbia and Nevada, and the lowest was 1.9 percent in South Dakota. Nationally, the unemployment rate remained unchanged in October.
In October, payroll jobs rose in 21 states and fell in 30. The largest payroll job percent increase was 0.4 percent in Idaho. The largest payroll job percent decline was 1 percent in Washington.
New Hampshire Employment Snapshot
In October, New Hampshire lost 200 net payroll jobs and the unemployment rate remained unchanged at 2.5 percent. In the prior month, New Hampshire added 2,300 net payroll jobs.
Over the past 12 months, New Hampshire added 10,800 net payroll jobs and the unemployment rate fell by 0.1 percentage point from 2.6 percent.
Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. New Hampshire is tied for 20th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
In October, New Hampshire’s private sector added 700 net private payroll jobs, and over the past 12 months it added 9,600 private payroll jobs. In the prior month, New Hampshire added 2,500 net private payroll jobs.
In October, employment in New Hampshire rose by 1,136, and over the past 12 months it rose by 11,713.
New Hampshire’s labor force participation rate remained steady at 65.7 percent in October and is tied for 12th in the nation. In the past 12 months, the labor force participation rate has risen by 0.6 percentage points.
New Hampshire Payroll Employment
New Hampshire lost 200 net payroll jobs, or 0 percent, on a seasonally adjusted basis during October. In the prior month, New Hampshire added 2,300 jobs. New Hampshire nonfarm payroll employment has increased in 7 of the past 12 months.
Nationally, nonfarm payrolls rose by 12,000 in October, or 0 percent. New Hampshire is tied for 20th in the nation for percentage gain in nonfarm payroll employment over the past 12 months.
New Hampshire added 700 private sector jobs, or 0.1 percent. on a seasonally adjusted basis during October. In the prior month, New Hampshire added 2,500 jobs. New Hampshire private sector payroll employment has increased in 8 of the past 12 months.
Nationally, private sector payroll jobs fell by 28,000 jobs in October, or 0 percent. New Hampshire is tied for 14th 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 October were Education and Health Services (800) and Construction (700).
The poorest performing sectors during the month were Government (-900) and Professional and Business Services (-1,100).
The best performing sectors during the last 12 months were Education and Health Services (6,600) and Government (1,200).
The poorest performing sectors during the last 12 months were Information (-200) and Manufacturing (-200).
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 65.7 percent in October.
New Hampshire is tied for 12th 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 fell by 0.1 percentage points to 62.6 percent in October.