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Friday, September 27, 2024

New Hampshire's post-pandemic economy roars back to life: 'Today's job report made history'

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New Hampshire’s unemployment rate has dropped to a historic low of 2.5%. | stock photo

New Hampshire’s unemployment rate has dropped to a historic low of 2.5%. | stock photo

New Hampshire’s unemployment rate fell to 2.5% in May, a historically low rate for the state and among the lowest unemployment rates in the country.

“Today’s job report makes clear that New Hampshire’s economy is roaring back to life with one of the lowest unemployment rates in the history of the Granite State,” Gov. Chris Sununu said, according to a state of New Hampshire press release.

New Hampshire’s unemployment rate ties the state with Nebraska, South Dakota and Utah for the lowest rate in the country, Patch.com reported.


Gov. Chris Sununu | NH Governor's Office

It has rebounded dramatically from 13.4% in May of 2020, during the height of the COVID-19 pandemic, according to numbers from the New Hampshire Employment Security, Economic & Labor Market Information Bureau.

Sununu expressed confidence that New Hampshire’s economy would continue to perform well, and he touted his administration's policies as being the contributing factor to the strong unemployment numbers.

“Such low unemployment rates are no accident but are the result of a continued effort to provide businesses with the flexibility needed to grow, while providing individuals with the incentives and resources needed to return to work,” Sununu said, according to his office's press release. “New Hampshire’s economy is well-positioned to make further economic gains throughout the year that will serve to benefit communities and families across the Granite State.”

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