New hire numbers dip in July



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The total number of newly hired employees dropped by more than 15 percent in July, according to the New Hampshire Department of Employment Security.Some 22,574 new workers were added last month – 4,047 less than the 26,621 that were reported in June.July’s numbers were also slightly less than those of July 2009, when 23,869 new hires were recorded by the department.Despite the dip in new hires, 2010 is far ahead of the hiring pace of 2009.There have been 138,970 new workers added to New Hampshire payrolls in the first seven months of the year – 193 percent higher than the 92,703 that were recorded year-to-date in 2009.The NHDES tracks the data monthly from W4 forms submitted by employers, which are required by law to report new hire information.Companies that have locations in multiple states, however, can choose which state to report the data to, regardless of where the employee was hired. The data also include workers who have been rehired and some independent contractors.The department also says that there is a potential for under-reporting because, although there can be civil penalties up to $25 for each new hire not reported as well as fines up to $500 for employers who conspire with new hires not to report, department officials were not aware of any noncompliance enforcement actions. — CINDY KIBBE/NEW HAMPSHIRE BUSINESS REVIEW

 

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