NH employment held steady in October

New unemployment claims, wages almost stagnant in latest report

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Neither holiday hiring nor the skyrocketing number of Covid-19 cases in New Hampshire seem to be having an impact on employment or wages, which have barely budged in the last few weeks.

According to the most recent report from the federal Bureau of Labor Statistics, initial unemployment claims in New Hampshire are still nearing, but hovering below, pre-pandemic levels. In the week ending Nov. 13, some 390 people were laid off, four fewer than a week earlier.

Continuing claims – made by people who are already receiving jobless benefits – are still falling slightly as well. For the week ending Nov. 6, there were 2,348 individuals receiving checks, some 25 fewer than two weeks ago.

Similarly, the state’s official unemployment rate was 2.9 percent in October, unchanged from September, though of course, better than the 4.7 percent rate in October 2020.

Wages didn’t go up in October either, although compared to last year, total private pay has increased almost $2 an hour, but it fell 12 cents an hour from the month before. People worked roughly the same number of hours in October and September as well. Manufacturing wages dipped slightly, but retail trade and warehouse workers gained about 14 cents an hour, and health and educational workers, as well as people in professional and business services, were paid about 30 cents an hour more.

 

Categories: Government, News