New Hampshire Business & Employment Growth Since 2009
- 4,210 more businesses
- 53,807 more employees
- 8.9% increase in total wages
- $11,850 increase in annual wages per employee
- 26.4% increase in wages per employee
Since 2009, the number of businesses in New Hampshire has grown by 8.7% (2.8% less than the national average of 11.4%). Employment in New Hampshire has grown by 8.9% (4.7% less than the national average of 13.6%). Wages have grown by 26.4% since the end of the Great Recession. This wage growth is 0.7% greater than the national average of 25.7%. The average weekly wage in New Hampshire of $1,092 is 0.8% below the national average of $1,101. The gap between the national average has widened from 1.4% a widening of 0.6% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Professional services | 7,201 | 5,842 | 23.3% |
| Retail trade | 5,951 | 6,129 | -2.9% |
| Wholesale trade | 5,550 | 5,528 | 0.4% |
| Waste services | 4,524 | 3,390 | 33.5% |
| Construction | 4,506 | 4,693 | -4.0% |
| Other services | 3,941 | 3,657 | 7.8% |
| Healthcare | 3,829 | 3,597 | 6.4% |
| Accommodation and food services | 3,744 | 3,404 | 10.0% |
| Finance and insurance | 2,381 | 2,200 | 8.2% |
| Manufacturing | 2,032 | 2,187 | -7.1% |
| Real estate and rental | 1,460 | 1,510 | -3.3% |
| Transport and warehousing | 923 | 940 | -1.8% |
| Information | 893 | 793 | 12.6% |
| Educational services | 874 | 708 | 23.4% |
| Arts and entertainment | 855 | 751 | 13.8% |
| Company management | 622 | 404 | 54.0% |
| Agriculture and forestry | 278 | 262 | 6.1% |
| Utilities | 102 | 107 | -4.7% |
| Mining and oil extraction | 67 | 73 | -8.2% |
The sector that has had the strongest growth [in number of businesses] is the Professional services sector, which has increased by 23.3% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 4.0% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Retail trade | 94,457 | 92,906 | 1.7% |
| Healthcare | 92,374 | 82,995 | 11.3% |
| Manufacturing | 70,566 | 68,054 | 3.7% |
| Accommodation and food services | 59,689 | 50,964 | 17.1% |
| Professional services | 37,888 | 29,155 | 30.0% |
| Waste services | 35,795 | 25,529 | 40.2% |
| Wholesale trade | 28,066 | 26,530 | 5.8% |
| Construction | 26,912 | 22,634 | 18.9% |
| Finance and insurance | 26,343 | 26,989 | -2.4% |
| Other services | 20,977 | 19,339 | 8.5% |
| Educational services | 20,182 | 17,382 | 16.1% |
| Transport and warehousing | 14,629 | 11,917 | 22.8% |
| Information | 12,353 | 12,440 | -0.7% |
| Arts and entertainment | 12,294 | 10,895 | 12.8% |
| Company management | 9,143 | 8,040 | 13.7% |
| Real estate and rental | 7,137 | 7,069 | 1.0% |
| Agriculture and forestry | 2,053 | 1,757 | 16.8% |
| Utilities | 2,028 | 2,532 | -19.9% |
| Mining and oil extraction | 565 | 510 | 10.8% |
The sector that has had the strongest employment growth [in number of employees] is the Waste services sector, which has increased by 40.2% since 2009. The sector that has has the largest employment decline in number of employees is the Finance and insurance sector, which has declined by 2.4% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Utilities | $2,245 | $1,687 | 33.1% |
| Finance and insurance | $2,032 | $1,430 | 42.1% |
| Company management | $1,967 | $1,467 | 34.1% |
| Professional services | $1,881 | $1,397 | 34.6% |
| Wholesale trade | $1,806 | $1,364 | 32.4% |
| Information | $1,800 | $1,342 | 34.1% |
| Manufacturing | $1,379 | $1,121 | 23.0% |
| Mining and oil extraction | $1,216 | $1,008 | 20.6% |
| Construction | $1,204 | $943 | 27.7% |
| Healthcare | $1,085 | $885 | 22.6% |
| Educational services | $1,075 | $888 | 21.1% |
| Real estate and rental | $1,059 | $845 | 25.3% |
| Waste services | $955 | $773 | 23.5% |
| Transport and warehousing | $889 | $686 | 29.6% |
| Other services | $730 | $592 | 23.3% |
| Agriculture and forestry | $698 | $555 | 25.8% |
| Retail trade | $631 | $506 | 24.7% |
| Arts and entertainment | $444 | $362 | 22.7% |
| Accommodation and food services | $418 | $324 | 29.0% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Arts and entertainment sector, which has declined by 22.7% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Wholesale trade agents and brokers | 3,677 | 4,058 | -9.4% |
| Computer systems design and related services | 2,474 | 1,613 | 53.4% |
| Management consulting services | 1,107 | 826 | 34.0% |
| Office administrative services | 1,036 | 548 | 89.1% |
| Landscaping services | 960 | 815 | 17.8% |
| Residential building construction | 952 | 1,108 | -14.1% |
The top industry that has had the largest increase in the number of businesses is the Computer systems design and related services industry, which has increased by 53.4% since 2009. The top industry that has has the largest decline in the number of businesses is the Wholesale trade agents and brokers industry, which has declined by 9.4% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| General medical and surgical hospitals | 27,602 | 26,232 | 5.2% |
| Supermarkets and other grocery stores | 19,436 | 19,309 | 0.7% |
| Offices of physicians | 14,513 | 12,268 | 18.3% |
| Computer systems design and related services | 11,895 | 6,651 | 78.8% |
| Colleges and universities | 10,993 | 9,591 | 14.6% |
| Temporary help services | 10,325 | 6,034 | 71.1% |
The top industry that has had the largest increase in the number of employees is the Computer systems design and related services industry, which has increased by 78.8% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 0.7% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Portfolio management | $3,995 | $2,213 | 80.5% |
| Securities brokerage | $3,700 | $2,102 | 76.0% |
| All other financial investment activities | $3,323 | $1,927 | 72.4% |
| Lessors of nonfinancial intangible assets | $3,105 | $1,858 | 67.1% |
| Musical groups and artists | $2,979 | $713 | 317.8% |
| Computer and software merchant wholesalers | $2,926 | $2,056 | 42.3% |
The top industry that has had the strongest wage growth is the Musical groups and artists industry, which has increased by 317.8% since 2009. The top industry that has has the largest wage decline is the Computer and software merchant wholesalers industry, which has declined by 42.3% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 36 to 44, which is an increase of 22.2%.The smallest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 17 to 17, which is an increase of 0.0%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 30,283 | 27,575 | 9.8% |
| 5-9 Employees | 8,093 | 7,850 | 3.1% |
| 10-19 Employees | 5,640 | 4,979 | 13.3% |
| 20-49 Employees | 3,608 | 3,176 | 13.6% |
| 50-99 Employees | 1,096 | 925 | 18.5% |
| 100-249 Employees | 571 | 531 | 7.5% |
| 250-499 Employees | 143 | 134 | 6.7% |
| 500-999 Employees | 44 | 36 | 22.2% |
| More Than 1,000 Employees | 17 | 17 | 0.0% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 24,008 to 30,308, which is an increase of 26.2%.The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 51,607 to 53,799, which is an increase of 4.2%.
Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 47,306 | 43,515 | 8.7% |
| 5-9 Employees | 53,799 | 51,607 | 4.2% |
| 10-19 Employees | 75,807 | 66,520 | 14.0% |
| 20-49 Employees | 107,711 | 94,559 | 13.9% |
| 50-99 Employees | 74,955 | 63,004 | 19.0% |
| 100-249 Employees | 84,238 | 77,224 | 9.1% |
| 250-499 Employees | 49,556 | 45,541 | 8.8% |
| 500-999 Employees | 30,308 | 24,008 | 26.2% |
| More Than 1,000 Employees | 36,607 | 32,409 | 13.0% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with 100 to 249 employees. The average weekly wage in companies this size has grown from $759 to $1,293, which is an increase of 70.4%.The smallest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,246 to $1,485, which is an increase of 19.2%.
Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $1,456 | $966 | 50.7% |
| 5-9 Employees | $973 | $726 | 34.0% |
| 10-19 Employees | $961 | $732 | 31.3% |
| 20-49 Employees | $951 | $764 | 24.5% |
| 50-99 Employees | $977 | $778 | 25.6% |
| 100-249 Employees | $1,293 | $759 | 70.4% |
| 250-499 Employees | $1,210 | $942 | 28.5% |
| 500-999 Employees | $1,485 | $1,246 | 19.2% |
| More Than 1,000 Employees | $1,618 | $1,256 | 28.8% |
Data Sources
About the Writer
