BLS - U.S. Bureau of Labor Statistics

11/26/2024 | Press release | Distributed by Public on 11/26/2024 10:25

Business Employment Dynamics in New Hampshire — First Quarter 2024

News Release Information

24-2450-BOS
Tuesday, November 26, 2024

Contacts Technical information: Media contact:
  • (617) 565-4141

Business Employment Dynamics in New Hampshire - First Quarter 2024

From December 2023 to March 2024, gross job gains from opening and expanding private-sector establishments in New Hampshire were 39,118, while gross job losses from closing and contracting private-sector establishments were 35,326, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that the difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 3,792 jobs in the private sector during the first quarter of 2024. During the previous quarter, gross job gains exceeded gross job losses by 2,057. (See chart 1.)

View Chart Data
Chart 1. Private-sector gross job gains and losses in New Hampshire, March 2019-March 2024, seasonally adjusted
Period Gross job gains Gross job losses

Mar. 2019

36,676 33,597

Jun. 2019

37,350 36,556

Sep. 2019

33,634 38,018

Dec. 2019

38,745 34,487

Mar. 2020

35,219 38,206

Jun. 2020

25,179 103,027

Sep. 2020

62,983 27,679

Dec. 2020

40,499 34,847

Mar. 2021

41,674 30,539

Jun. 2021

39,778 35,280

Sep. 2021

39,795 38,175

Dec. 2021

43,768 36,776

Mar. 2022

44,960 32,688

Jun. 2022

39,323 39,325

Sep. 2022

41,020 39,154

Dec. 2022

39,599 35,466

Mar. 2023

42,201 35,317

Jun. 2023

40,297 38,061

Sep. 2023

34,830 40,096

Dec. 2023

37,421 35,364

Mar. 2024

39,118 35,326

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job gains

In the first quarter of 2024, gross job gains represented 6.5 percent of private-sector employment in New Hampshire; nationally, gross job gains accounted for 5.7 percent of private-sector employment. (See chart 2.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In New Hampshire, gross job gains at expanding establishments totaled 31,217 in the first quarter of 2024, an increase of 595 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 7,901 jobs gained in the first quarter of 2024, an increase of 1,102 jobs from the previous quarter.

View Chart Data
Chart 2. Private-sector gross job gains as a percent of employment, United States and New Hampshire, March 2019-March 2024, seasonally adjusted
Period New Hampshire United States

Mar. 2019

6.4 5.9

Jun. 2019

6.4 6.1

Sep. 2019

5.8 5.9

Dec. 2019

6.6 6.2

Mar. 2020

6.0 5.5

Jun. 2020

4.5 4.8

Sep. 2020

11.9 9.5

Dec. 2020

7.4 7.4

Mar. 2021

7.5 6.9

Jun. 2021

7.0 6.8

Sep. 2021

7.0 7.3

Dec. 2021

7.6 7.7

Mar. 2022

7.7 6.7

Jun. 2022

6.7 6.5

Sep. 2022

6.9 6.9

Dec. 2022

6.7 6.3

Mar. 2023

7.0 6.3

Jun. 2023

6.7 6.2

Sep. 2023

5.8 5.9

Dec. 2023

6.2 6.0

Mar. 2024

6.5 5.7
Gross job losses

In the first quarter of 2024, gross job losses represented 5.8 percent of private-sector employment in New Hampshire; nationally, gross job losses accounted for 5.4 percent of private-sector employment. (See chart 3.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In New Hampshire, contracting establishments lost 28,691 jobs in the first quarter of 2024, an increase of 28 jobs from the prior quarter. Closing establishments lost 6,635 jobs, a decrease of 66 jobs from the previous quarter.

View Chart Data
Chart 3. Private-sector gross job losses as a percent of employment, United States and New Hampshire, March 2019-March 2024, seasonally adjusted
Period New Hampshire United States

Mar. 2019

5.8 5.6

Jun. 2019

6.3 5.9

Sep. 2019

6.6 5.8

Dec. 2019

6.0 5.5

Mar. 2020

6.5 6.3

Jun. 2020

18.7 16.8

Sep. 2020

5.2 5.9

Dec. 2020

6.4 5.7

Mar. 2021

5.5 5.5

Jun. 2021

6.2 5.9

Sep. 2021

6.8 6.1

Dec. 2021

6.5 5.4

Mar. 2022

5.7 5.5

Jun. 2022

6.7 6.2

Sep. 2022

6.7 5.9

Dec. 2022

6.0 5.9

Mar. 2023

5.9 5.5

Jun. 2023

6.3 5.9

Sep. 2023

6.7 6.0

Dec. 2023

5.9 5.7

Mar. 2024

5.8 5.4
Industries

Gross job gains exceeded gross job losses in 6 of the 9 published industry sectors in New Hampshire in the first quarter of 2024. Retail trade had the largest over-the-quarter net job increase, with a gain of 1,611 jobs. This was the result of 5,457 gross job gains and 3,846 gross job losses. Manufacturing showed a net loss of 434 jobs, the largest loss of any sector in the state. New Hampshire's financial activities and wholesale trade industry sectors had net losses of 260 and 220 jobs, respectively.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics Home.

The Business Employment Dynamics for second quarter 2024 are scheduled to be released on Wednesday, January 29, 2025.

Revisions to Business Employment Dynamics (BED) Data

Data in this release contain annual revisions in accordance with standard procedures. These revisions include the previous four quarters of not seasonally adjusted data and five years of seasonally adjusted data.


Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Private-sector gross job gains and losses by industry, New Hampshire, seasonally adjusted
Category Gross job gains and losses
(3 months ended) 		Gross job gains and losses
as a percent of employment
(3 months ended)
Mar.
2023 		June
2023 		Sept.
2023 		Dec.
2023 		Mar.
2024 		Mar.
2023 		June
2023 		Sept.
2023 		Dec.
2023 		Mar.
2024

Total private (1)

Gross job gains

42,201 40,297 34,830 37,421 39,118 7.0 6.7 5.8 6.2 6.5

At expanding establishments

34,317 32,998 27,357 30,622 31,217 5.7 5.5 4.6 5.1 5.2

At opening establishments

7,884 7,299 7,473 6,799 7,901 1.3 1.2 1.2 1.1 1.3

Gross job losses

35,317 38,061 40,096 35,364 35,326 5.9 6.3 6.7 5.9 5.8

At contracting establishments

28,650 31,273 32,775 28,663 28,691 4.8 5.2 5.5 4.8 4.7

At closing establishments

6,667 6,788 7,321 6,701 6,635 1.1 1.1 1.2 1.1 1.1

Net employment change (2)

6,884 2,236 -5,266 2,057 3,792 1.1 0.4 -0.9 0.3 0.7

Construction

Gross job gains

3,796 2,456 2,596 2,962 3,031 12.0 7.7 8.5 9.4 9.3

At expanding establishments

2,631 1,848 2,006 2,261 2,325 8.3 5.8 6.6 7.2 7.1

At opening establishments

1,165 608 590 701 706 3.7 1.9 1.9 2.2 2.2

Gross job losses

2,385 3,224 2,414 2,316 2,259 7.6 10.2 7.9 7.4 6.9

At contracting establishments

1,667 2,361 1,821 1,757 1,723 5.3 7.5 6.0 5.6 5.3

At closing establishments

718 863 593 559 536 2.3 2.7 1.9 1.8 1.6

Net employment change (2)

1,411 -768 182 646 772 4.4 -2.5 0.6 2.0 2.4

Manufacturing

Gross job gains

2,007 2,337 1,866 1,822 1,972 2.8 3.3 2.6 2.6 2.8

At expanding establishments

1,906 1,949 1,654 1,751 1,739 2.7 2.8 2.3 2.5 2.5

At opening establishments

101 388 212 71 233 0.1 0.5 0.3 0.1 0.3

Gross job losses

2,210 2,064 2,233 2,258 2,406 3.1 3.0 3.2 3.2 3.4

At contracting establishments

1,915 1,803 2,029 1,983 2,132 2.7 2.6 2.9 2.8 3.0

At closing establishments

295 261 204 275 274 0.4 0.4 0.3 0.4 0.4

Net employment change (2)

-203 273 -367 -436 -434 -0.3 0.3 -0.6 -0.6 -0.6

Wholesale trade

Gross job gains

1,756 1,491 1,500 1,345 1,364 5.6 4.8 4.7 4.2 4.4

At expanding establishments

1,331 1,183 1,143 1,049 1,081 4.2 3.8 3.6 3.3 3.5

At opening establishments

425 308 357 296 283 1.4 1.0 1.1 0.9 0.9

Gross job losses

1,356 1,556 1,551 1,308 1,584 4.3 5.0 5.0 4.2 5.1

At contracting establishments

940 1,182 1,184 999 1,182 3.0 3.8 3.8 3.2 3.8

At closing establishments

416 374 367 309 402 1.3 1.2 1.2 1.0 1.3

Net employment change (2)

400 -65 -51 37 -220 1.3 -0.2 -0.3 0.0 -0.7

Retail trade

Gross job gains

6,080 5,037 4,674 4,472 5,457 6.7 5.5 5.2 4.9 6.0

At expanding establishments

5,700 4,611 4,227 3,982 4,889 6.3 5.0 4.7 4.4 5.4

At opening establishments

380 426 447 490 568 0.4 0.5 0.5 0.5 0.6

Gross job losses

3,658 5,036 5,789 4,821 3,846 4.0 5.5 6.4 5.4 4.2

At contracting establishments

3,355 4,616 4,956 4,138 3,366 3.7 5.0 5.5 4.6 3.7

At closing establishments

303 420 833 683 480 0.3 0.5 0.9 0.8 0.5

Net employment change (2)

2,422 1 -1,115 -349 1,611 2.7 0.0 -1.2 -0.5 1.8

Financial activities

Gross job gains

1,921 1,600 1,701 1,284 1,337 5.7 4.7 5.1 3.8 4.1

At expanding establishments

1,562 1,351 1,340 979 1,088 4.6 4.0 4.0 2.9 3.3

At opening establishments

359 249 361 305 249 1.1 0.7 1.1 0.9 0.8

Gross job losses

1,434 1,783 1,640 1,982 1,597 4.2 5.2 4.8 5.9 4.8

At contracting establishments

1,091 1,400 1,291 1,731 1,297 3.2 4.1 3.8 5.2 3.9

At closing establishments

343 383 349 251 300 1.0 1.1 1.0 0.7 0.9

Net employment change (2)

487 -183 61 -698 -260 1.5 -0.5 0.3 -2.1 -0.7

Professional and business services

Gross job gains

7,691 7,388 6,784 6,566 7,031 7.9 7.5 7.0 6.7 7.1

At expanding establishments

5,648 5,481 4,755 4,605 4,832 5.8 5.6 4.9 4.7 4.9

At opening establishments

2,043 1,907 2,029 1,961 2,199 2.1 1.9 2.1 2.0 2.2

Gross job losses

6,913 6,738 7,564 7,141 6,305 7.1 6.9 7.7 7.3 6.5

At contracting establishments

5,043 5,079 5,668 5,291 4,767 5.2 5.2 5.8 5.4 4.9

At closing establishments

1,870 1,659 1,896 1,850 1,538 1.9 1.7 1.9 1.9 1.6

Net employment change (2)

778 650 -780 -575 726 0.8 0.6 -0.7 -0.6 0.6

Education and health services

Gross job gains

4,942 5,612 4,708 4,670 4,872 4.3 4.8 4.1 4.0 4.2

At expanding establishments

4,114 4,542 4,173 4,048 4,184 3.6 3.9 3.6 3.5 3.6

At opening establishments

828 1,070 535 622 688 0.7 0.9 0.5 0.5 0.6

Gross job losses

4,165 4,237 4,435 4,099 3,909 3.6 3.7 3.8 3.5 3.3

At contracting establishments

3,486 3,803 3,749 3,327 3,303 3.0 3.3 3.2 2.8 2.8

At closing establishments

679 434 686 772 606 0.6 0.4 0.6 0.7 0.5

Net employment change (2)

777 1,375 273 571 963 0.7 1.1 0.3 0.5 0.9

Leisure and hospitality

Gross job gains

10,106 10,156 7,166 10,327 9,793 13.8 13.8 9.8 13.9 12.9

At expanding establishments

8,365 8,683 5,247 8,753 7,803 11.4 11.8 7.2 11.8 10.3

At opening establishments

1,741 1,473 1,919 1,574 1,990 2.4 2.0 2.6 2.1 2.6

Gross job losses

9,242 9,606 10,345 7,736 9,752 12.6 13.0 14.2 10.5 12.8

At contracting establishments

8,039 8,134 8,902 6,625 8,022 11.0 11.0 12.2 9.0 10.5

At closing establishments

1,203 1,472 1,443 1,111 1,730 1.6 2.0 2.0 1.5 2.3

Net employment change (2)

864 550 -3,179 2,591 41 1.2 0.8 -4.4 3.4 0.1

Other services (3)

Gross job gains

1,663 1,797 1,489 1,706 1,640 8.2 8.7 7.1 8.2 7.8

At expanding establishments

1,338 1,504 1,168 1,339 1,340 6.6 7.3 5.6 6.4 6.4

At opening establishments

325 293 321 367 300 1.6 1.4 1.5 1.8 1.4

Gross job losses

1,492 1,342 1,740 1,603 1,528 7.3 6.5 8.3 7.7 7.4

At contracting establishments

1,179 1,000 1,319 1,309 1,176 5.8 4.8 6.3 6.3 5.7

At closing establishments

313 342 421 294 352 1.5 1.7 2.0 1.4 1.7

Net employment change (2)

171 455 -251 103 112 0.9 2.2 -1.2 0.5 0.4

Footnotes:
(1) Includes unclassified sector not shown separately.
(2) The net employment change is the difference between total gross job gains and total gross job losses. See the Technical Note for further information.
(3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category Gross job gains as a percent of employment
(3 months ended) 		Gross job losses as a percent of employment
(3 months ended)
Mar.
2023 		June
2023 		Sept.
2023 		Dec.
2023 		Mar.
2024 		Mar.
2023 		June
2023 		Sept.
2023 		Dec.
2023 		Mar.
2024

United States(1)

6.3 6.2 5.9 6.0 5.7 5.5 5.9 6.0 5.7 5.4

Alabama

6.5 6.0 6.0 6.2 5.7 5.6 5.7 6.0 5.7 5.5

Alaska

10.5 11.0 8.5 10.2 10.5 8.6 8.9 10.5 9.9 8.6

Arizona

6.0 7.0 6.8 6.5 8.4 5.6 6.3 5.7 6.6 6.4

Arkansas

5.8 5.9 5.6 6.2 5.6 5.1 6.0 5.8 5.0 5.2

California

6.3 6.8 6.4 6.4 5.8 6.6 6.4 6.5 6.4 5.6

Colorado

7.2 7.3 5.4 8.2 6.4 6.5 6.5 6.1 7.6 7.7

Connecticut

6.2 6.4 5.8 5.6 5.6 5.1 5.7 6.2 5.7 5.2

Delaware

6.7 6.4 6.0 6.1 6.0 5.2 5.8 6.5 5.8 5.1

District of Columbia

6.0 5.4 5.4 5.2 5.1 4.9 5.3 5.4 5.6 4.9

Florida

6.3 6.8 6.5 6.1 5.8 5.7 5.9 5.9 5.9 5.4

Georgia

6.5 6.3 6.1 6.2 6.0 6.0 6.4 6.1 5.7 5.7

Hawaii

5.6 5.7 5.3 6.1 5.4 5.1 5.3 6.8 5.0 5.1

Idaho

7.9 7.8 7.2 8.5 7.9 7.3 7.4 7.9 5.8 8.3

Illinois

5.8 5.4 4.8 5.0 5.1 4.8 5.2 5.3 5.1 4.8

Indiana

5.6 5.6 5.7 5.5 5.3 5.1 5.8 5.7 5.1 5.0

Iowa

6.1 6.0 5.6 6.1 6.1 5.4 5.9 5.8 5.7 5.6

Kansas

6.1 6.1 5.7 5.8 5.7 5.4 6.0 6.0 5.3 5.6

Kentucky

6.1 5.6 5.7 5.7 5.7 4.9 5.9 5.6 5.2 5.0

Louisiana

6.5 6.0 6.2 6.3 6.2 5.5 6.5 6.0 5.8 5.7

Maine

7.8 7.6 7.0 7.4 7.2 6.3 7.6 7.8 7.0 6.1

Maryland

7.2 6.7 6.3 6.2 5.8 6.0 6.6 6.4 5.8 5.7

Massachusetts

5.8 5.9 5.4 5.5 5.2 4.9 5.6 5.9 5.5 5.1

Michigan

5.8 5.9 5.2 5.5 5.4 5.0 5.3 5.9 5.5 5.2

Minnesota

5.8 6.0 3.3 6.9 5.8 4.8 5.5 4.3 6.9 5.7

Mississippi

6.5 6.4 6.2 6.1 5.7 6.1 6.5 6.2 5.7 6.1

Missouri

6.5 5.8 5.6 6.0 5.7 5.1 5.9 5.8 5.6 5.3

Montana

8.7 7.8 7.7 8.8 8.1 7.2 8.4 8.4 7.2 7.5

Nebraska

6.5 6.2 6.0 5.9 5.8 5.2 5.7 5.9 5.7 5.1

Nevada

6.2 6.5 6.5 6.7 5.9 5.8 5.9 5.6 5.4 6.2

New Hampshire

7.0 6.7 5.8 6.2 6.5 5.9 6.3 6.7 5.9 5.8

New Jersey

6.3 6.4 6.0 5.9 5.5 5.8 6.0 6.0 5.8 5.4

New Mexico

7.0 6.6 6.4 6.9 6.0 5.8 6.3 6.8 5.8 6.0

New York

6.5 6.2 5.8 5.7 5.9 5.2 5.8 6.0 5.6 5.0

North Carolina

6.6 6.1 5.7 6.3 5.4 5.3 5.7 6.1 4.9 5.5

North Dakota

7.6 6.9 6.6 6.7 6.9 5.7 6.7 6.6 6.3 6.1

Ohio

6.0 5.6 5.2 5.4 5.5 4.8 5.6 5.6 5.2 4.8

Oklahoma

6.3 6.3 6.3 6.1 5.6 5.4 6.1 6.0 5.8 5.2

Oregon

7.6 6.4 6.1 6.2 6.4 5.9 6.6 6.7 6.2 6.1

Pennsylvania

5.5 5.2 5.2 5.2 5.1 4.7 5.5 5.1 4.8 4.6

Rhode Island

7.4 6.7 6.4 6.8 6.9 5.9 6.8 6.7 6.3 5.7

South Carolina

6.8 6.4 6.6 6.2 6.4 5.9 6.6 5.7 5.3 6.3

South Dakota

7.3 6.7 6.3 6.6 6.3 5.9 6.0 6.3 5.8 5.8

Tennessee

5.9 5.8 5.6 6.2 5.5 5.0 5.5 5.7 5.5 4.9

Texas

6.0 5.8 5.7 5.7 5.4 5.1 5.4 5.5 5.2 5.1

Utah

7.0 6.9 6.9 6.6 6.7 6.3 6.4 6.6 6.5 6.0

Vermont

8.4 7.4 6.4 7.3 7.2 6.0 7.5 7.9 6.6 6.3

Virginia

6.2 6.1 5.9 5.9 5.7 5.2 5.9 6.0 5.5 5.2

Washington

6.6 6.1 5.8 6.0 5.7 6.3 5.7 6.0 5.4 5.3

West Virginia

7.3 6.1 6.5 6.5 6.9 5.5 6.4 6.6 5.8 5.7

Wisconsin

6.1 5.6 5.2 5.5 5.5 4.8 5.8 5.8 5.2 4.8

Wyoming

9.0 8.4 8.3 8.9 8.4 7.8 8.7 8.2 8.4 8.3

Puerto Rico

5.1 5.9 5.7 4.9 5.4 5.8 5.0 5.3 4.8 4.6

Virgin Islands

7.9 7.5 8.2 6.0 5.6 7.4 6.5 6.8 5.9 4.5

Footnotes
(1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands. The sum of the states will not necessarily add to the U.S. total because of the independent seasonal adjustment of each state.