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Southern New Hampshire : Office Snapshot - Q1 2014

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As a whole, the State of New Hampshire opened the year with a relatively strong quarter economically. The unemployment rate, which had held relatively steady throughout 2013, closing the year at 5.2%, fell to 4.7% by the end of the quarter. After spiking in 2008 and 2009 during the recession, the rate has generally trended downward. While unemployment is still higher than pre-recession levels, it is well below the current national rate of 6.7%.

Service-based occupations, along with Trade, Transportation, and Utilities, were the two fastest growing sectors. The latter category is already the largest employment area in the state, and grew by 3.3% this quarter, adding 28,000 jobs. However, with little positive change in the more typically office-based industries, most of the job growth occurred outside of New Hampshire’s major metropolitan areas. Manchester, Nashua, and Portsmouth all saw slight upticks in their unemployment rates, though they remained mostly on par with the state average.

Source : Cushman & Wakefield