By Sarah Downey | The Center Square
The state of New Hampshire continued on a record pace for job growth in October.
Numbers in the latest jobs report from New Hampshire Employment Security showed that from September to October, the state’s labor force increased by 1,730, to an all-time high of 774,540.
The total number of employed residents also went up – to 754,600 – an increase of 1,350 compared to the prior month.
In the last year, the state’s total labor force has grown by 10,940, while the number of employed residents has increased by 9,320. Recent economic indicators show that growth in the construction, hospitality and health care sectors has continued to boost New Hampshire’s employment outlook.
“[The] jobs report is the latest in a string of good news for the New Hampshire economy,” Gov. Chris Sununu said in a news release. “The Granite State is leading the nation in economic prosperity and opportunity. That’s no accident. We’ve put politics aside and focused on promoting policies that allow New Hampshire families the freedom to spend their money as they see fit, and the results could not be a more resounding success.”
The news release includes references to other statistics that underscore New Hampshire’s overall strong economic picture:
• New Hampshire ranked first, above all other U.S. states, as well as Canada and Mexico for Economic Freedom, in a study by the Fraser Institute, a Canadian public policy organization.
• New Hampshire has the lowest poverty rate of all U.S. states, according to the most recent U.S. Census data.
• Ranks in the top 10 for U.S. states where millennials are choosing to move, and is the most popular state in the Northeast.
• Continues to build on a decades-long upward trajectory in the number of people working.
• In a study by WalletHub, New Hampshire came in first for taxpayer return on investment.