NH unemployment declines in April for the second time
Updated : June 4th, 2010
The state added 1,360 jobs in the month of April, thereby increasing the number of employed people to 696,980. But it is true that New Hampshire’s unemployment rate has become double of what it was when the recession began in 2007.
For the second month in a row, New Hampshire’s jobless rate decreased in April. It stands at 6.7 percent currently. It was 7 percent in March. According to reports, the number of unemployed people got reduced by 2,440 in April.
The reports as per statistics show the following:
The four-quarter average unemployment rate for New Hampshire — from April 1, 2009 to March 31, 2010 — using the U-6 measure, has just been given as 12.9 percent by NHES. This compares to an average of 6.6 percent using U-3 methodology. By coincidence, 6.6 percent was the official jobless rate in the Granite State in March 2009.
With the latest unemployment rate of 7.3 percent running higher than the 12-month average, it can be assumed that New Hampshire’s U-6 jobless rate — some would argue the true jobless rate — is currently in excess of 13 percent at the moment.
If you want to understand the unemployment claims better, then refer to the unemployment benefits guide of New Hampshire.