Historically, New Hampshire’s economy was focused almost entirely on the manufacturing, agriculture and resource extraction industrial sectors. Grow. 48 pages. The labor force and unemployment data are based on the same concepts and definitions as those used for the Current Population Survey (CPS), a sample survey of households that is conducted for the Bureau of Labor Statistics (BLS) by the U.S. Census Bureau. How Landowners […], StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives. HOME And although manufacturing is still an important part of New Hampshire’s economy, advances in technology and the decline of traditional fabrication work all over the country means factories employ far fewer people than in the past. Ranking second is the community, business and personal services sector spurred by private health care, law firms, vacation resorts and repair shops. As of 2019, we compute two flows (not in labor force to employed; probability of exiting unemployment) based on unemployment levels. “My husband and I moved to Hong Kong in 1989, and we returned to the States in 2005,” said Eng. It’s also a clear point of intersection between government and industry, with the state maintaining a number of parks, campgrounds, and historical sites, and nearby businesses in turn catering to visitors’ needs. Learn More », New Hampshire Economic and Labor Market Information Bureau, New Hampshire Center For Public Policy Studies, N.H. Startup Brings Local Shops Into Online Wedding Registry Industry, Manchester "Hackademy" Designed To Inspire And Recruit, From Black Gold To Green Economy: Long-Time Entrepreneur Talks New Markets, Three Years Later: The Progress And Challenges Of The Green Launching Pad, N.H. Weighs A Plan To Extend The Haverhill MBTA Commuter Rail To Plaistow, Transportation Advocates Pin Hopes on Gas Tax Hike, Economic Tensions Fuel Disagreement Between Car Makers And Dealers. Tourism is New Hampshire’s second-largest industry–if you combine the state’s smart manufacturing and high technology sectors (SMHT). BOOK STORE Booms, clangs and bangs — the sounds of a healthy supply chain — continue to echo on the production floor of Hitchiner Manufacturing in Milford. Economic Data, Research, Advisory, Forecasting From the business perspective, “tourism” is a broad term. Candidates Say They Would Jump-Start The Economy, Preview: Tomorrow’s Installment Of “Getting By, Getting Ahead” Looks At Work In The North Country’s Fading Paper Industry, Why NH’s Economy Is Especially Important For The 2012 Election, Economy Dominates GOP And Democratic Campaign Events In NH, New Hampshire Economic Conditions, August 2011, What Is New Hampshire? Because each state series is subject to larger sampling and non-sampling errors than the national series, summing them cumulates individual state level errors and can cause significant distortions at an aggregate level. ALMANAC When the NH House voted to cut the state’s tourism marketing budget, they put at risk revenue from tourism, one of the cornerstones of the state’s economy and of the state’s tax base.
That’s in part because the state’s culturally–and often economically–distinguished by its regions.
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