New Hampshire Q4, 2019 Employment Statistics- 54,625 employers, up 2.3% from 53,396
- 669,361 employees, up 0.8% from 664,264
- $1,192 average weekly wage, up 2.9% from $1,158
- The average weekly wage is 0.6% above the national average
- The cost of living is 9.7% above the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 1,229, which is an increase of 2.3%. The number of employees in New Hampshire increased by 5,096, an increase of 0.8%. During this same period, the average weekly wage increased by $34, an increase of 2.9%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 1,225 or 2.4%. Growth in private businesses in New Hampshire grew slower than the national average of 2.5%. The number of employees in these businesses increased since last years' Q1, increasing by 5,046 or 0.9%. The growth in employees of private businesses in New Hampshire was slower than the national average of 1.2%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $37 or 3.1%. Growth in average weekly wage of employees of private businesses in New Hampshire grew slower than the national average of 3.8%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Professional services with 14.4% of the businesses in the state. The number of businesses in this sector increased by 5.6%. Retail trade (10.7%), which decreased by 1.1% and Wholesale trade (10.3%), which decreased by 0.4%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 155 | 16.6% |
| Educational services | 61 | 6.9% |
| Professional services | 419 | 5.6% |
| Construction | 212 | 4.6% |
| Company management | 26 | 4.1% |
| Agriculture and forestry | 11 | 4.0% |
| Utilities | 4 | 3.8% |
| Transport and warehousing | 33 | 3.5% |
| Arts and entertainment | 30 | 3.4% |
| Finance and insurance | 70 | 3.0% |
| Real estate and rental | 38 | 2.6% |
| Waste services | 91 | 2.0% |
| Other services | 72 | 1.8% |
| Accommodation and food services | 39 | 1.0% |
| Healthcare | 21 | 0.5% |
| Wholesale trade | -20 | -0.4% |
| Manufacturing | -12 | -0.6% |
| Retail trade | -66 | -1.1% |
| Mining and oil extraction | -1 | -1.5% |
Employees by Sector
The sector with the greatest number of employees in the state is Retail trade with 14.3% of the employees in the state, had a decrease in employees of -0.5% in the last year. Healthcare (14.1%), increased by 1.4% and Manufacturing (10.6%), decreased by 0.6%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Construction | 989 | 3.6% |
| Arts and entertainment | 375 | 3.5% |
| Other services | 661 | 3.1% |
| Professional services | 1,144 | 3.0% |
| Agriculture and forestry | 53 | 2.8% |
| Company management | 178 | 2.0% |
| Transport and warehousing | 277 | 1.8% |
| Educational services | 305 | 1.5% |
| Healthcare | 1,334 | 1.4% |
| Accommodation and food services | 711 | 1.2% |
| Finance and insurance | 219 | 0.8% |
| Information | 82 | 0.7% |
| Wholesale trade | -62 | -0.2% |
| Waste services | -142 | -0.4% |
| Retail trade | -491 | -0.5% |
| Manufacturing | -442 | -0.6% |
| Mining and oil extraction | -7 | -1.2% |
| Real estate and rental | -131 | -1.8% |
| Utilities | -41 | -2.0% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Finance and insurance paying $2,277per week compared with the state average of $1,220. Weekly wages in this sector rose by $139 or 6.5%. Professional services ($2,160), rose by $50 or 2.4% and Utilities ($2,036) declined by $115 or 5.3% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Real estate and rental | $86 | 7.3% |
| Finance and insurance | $139 | 6.5% |
| Mining and oil extraction | $79 | 5.8% |
| Transport and warehousing | $52 | 5.6% |
| Educational services | $48 | 4.4% |
| Information | $77 | 4.4% |
| Accommodation and food services | $18 | 4.1% |
| Wholesale trade | $78 | 4.1% |
| Construction | $57 | 4.0% |
| Retail trade | $24 | 3.6% |
| Agriculture and forestry | $28 | 3.4% |
| Manufacturing | $38 | 2.7% |
| Healthcare | $30 | 2.6% |
| Professional services | $50 | 2.4% |
| Arts and entertainment | $12 | 2.3% |
| Other services | $16 | 2.0% |
| Waste services | $-4 | -0.4% |
| Utilities | $-115 | -5.3% |
| Company management | $-149 | -7.0% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In New Hampshire. the industry with the most businesses is Wholesale trade agents and brokers with 5.7% of the businesses in the state (with 3,129 employing 7,554 workers). The Wholesale trade agents and brokers industry had 490 fewer businesses, a decline of 13.5% in the last year. Restaurants and other eating places (5.2% of businesses) added 6 businesses, an increase of 0.2% and Computer systems design and related services (5.1% of businesses) added 198 businesses, an increase of 7.6% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Snack food manufacturing | 2 | 200.0% |
| Political organizations | 25 | 138.9% |
| Druggists' goods merchant wholesalers | 55 | 77.5% |
| Other farm product raw material merch. whls. | 3 | 75.0% |
| Other financial vehicles | 3 | 75.0% |
| Appliance and electronics merchant whls. | 9 | 75.0% |
| Trusts estates and agency accounts | 11 | 73.3% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Computer systems design and related services | 198 | 7.6% |
| Software publishers | 131 | 51.0% |
| Residential building construction | 91 | 9.3% |
| Janitorial services | 71 | 14.5% |
| Management consulting services | 66 | 5.6% |
| Druggists' goods merchant wholesalers | 55 | 77.5% |
| Medical equipment merchant wholesalers | 52 | 40.6% |
Employees by Industry
Restaurants and other eating places (5.2% of employees) added 6 employees, an increase of 0.2% and Computer systems design and related services (5.1% ofemployees) added 198 employees, an increase of 7.6% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Political organizations | 393 | 505.5% |
| Other farm product raw material merch. whls. | 8 | 89.2% |
| Paint and supplies merchant wholesalers | 14 | 80.1% |
| Postproduction and other related industries | 12 | 74.4% |
| Office equipment rental and leasing | 10 | 67.6% |
| Other credit intermediation activities | 6 | 67.3% |
| Emergency and other relief services | 29 | 64.4% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 738 | 1.6% |
| Janitorial services | 685 | 17.3% |
| Engineering services | 524 | 11.4% |
| Supermarkets and other grocery stores | 425 | 2.2% |
| Political organizations | 393 | 505.5% |
| Electronic shopping and mail-order houses | 385 | 11.8% |
| Professional employer organizations | 353 | 47.6% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Musical groups and artists, paying $10,759 compared with the state average of $1,220. Employees in the Musical groups and artists industry were paid $1,972 more per week, an increase of 22.4% in the last year. Other financial vehicles ($9,301) and Portfolio management ($4,516) round out the top 3 industries. Employees in the Other financial vehicles ($9,301 per week) were paid $0 more per week, an increase of 0.0% and Portfolio management ($4,516 per week) were paid $311 less per week, a decline of 6.4% round out the 3 industries that pay their employees the most.Table: Top 7 Industries by Wage Change %
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other machinery rental and leasing | $2,873 | 191.0% |
| Consumer electronics and appliances rental | $784 | 79.0% |
| Other farm product raw material merch. whls. | $464 | 66.5% |
| Facilities support services | $369 | 64.3% |
| Women's and children's clothing merch. whls. | $385 | 46.4% |
| Mortgage and nonmortgage loan brokers | $1,043 | 44.5% |
| Postproduction and other related industries | $370 | 43.9% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other machinery rental and leasing | $2,873 | 191.0% |
| Musical groups and artists | $1,972 | 22.4% |
| Mortgage and nonmortgage loan brokers | $1,043 | 44.5% |
| Investment banking and securities dealing | $928 | 40.3% |
| Consumer electronics and appliances rental | $784 | 79.0% |
| Manufactured mobile home dealers | $613 | 28.8% |
| Other nondepository credit intermediation | $604 | 34.6% |
Company Size
New Hampshire Businesses by Size
The solopreneur company, has the most businesses in New Hampshire by far. 61.4% of all businesses in the state have fewer than 5 employees. The 48,553 small businesses in the state represent 96.2% of all private businesses. The national average is 91.2%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) New Hampshire added 1,388 businesses in the last year, an increase of 2.8% as compared to the national average of 3.0%.Small businesses are defined as companies with fewer than 50 employees. These small businesses added 1,349 businesses in the last year, which is an increase of 2.9% as compared to the national average of 3.1%.
Mid-sized businesses are defined as companies with between 50 and 499 employees. These mid-sized businesses added 35 businesses in the last year, which is an increase of 1.9% as compared to the national average of 1.3%.
Large businesses are defined as companies with more than 500 employees. These large businesses added 4 businesses in the last year, which is an increase of 6.6% as compared to the national average of 2.1%.
New Hampshire Employees by Business Size
New Hampshire added 22,392 employees in the last year, an increase of 4.1% as compared to the national average of 5.2%. Small businesses are defined as companies with fewer than 50 employees. These small businesses added 5,621 businesses in the last year, which is an increase of 13.1% as compared to the national average of 4.2%.Mid-sized businesses are defined as companies with between 50 and 499 employees. Mid-sized businesses added 6,329 employees in the last year, which is an increase of 3.1% as compared to the national average of 4.7%.
Large businesses are defined as companies with more than 500 employees. Large businesses added 10,442 employees in the last year, which is an increase of 17.5% as compared to the national average of 9.2%.
New Hampshire Avg Weekly Wages by Business Size
The smallest companies in New Hampshire (those with fewer than 5 employees) pay workers 30.9% more than the national average ($1,454 per week as compared to the national average of $1,005 per week). The largest companies in New Hampshire (those with more than 1,000 employees) pay 10.1% workers below the national average ($1,737 per week as compared to the national average of $1,913 per week).Average weekly wages in small businesses added $104 per week in the last year, which is an increase of 2.4% as compared to the national average of 3.1%. Employees of mid-sized businesses added $51 in wages per week in the last year, which is an increase of 1.5% as compared to the national average of 1.3%.
Employees of large businesses added $205 of weekly wages in the last year, which is an increase of 6.6% as compared to the national average of 2.1%.
Top Industries for Business and Employment
The table below illustrates the largest industries in the state, by number of businesses:Table: Top 10 Industries by # of Businesses
| Industry | # Businesses | % Change |
|---|---|---|
| Wholesale trade agents and brokers | 3,129 | -13.5% |
| Restaurants and other eating places | 2,860 | 0.2% |
| Computer systems design and related services | 2,794 | 7.6% |
| Management consulting services | 1,237 | 5.6% |
| Residential building construction | 1,067 | 9.3% |
| Office administrative services | 1,063 | -0.9% |
| Landscaping services | 992 | 2.5% |
| Accounting and bookkeeping services | 781 | 6.7% |
| Temporary help services | 756 | -1.2% |
| Offices of physicians | 732 | -3.0% |
The table below illustrates the largest industries in the state, by number of employees:
Table: Top 10 Industries by # of Employees
| Industry | # Employees | % Change |
|---|---|---|
| Restaurants and other eating places | 47,237 | 1.6% |
| General medical and surgical hospitals | 28,354 | 1.2% |
| Supermarkets and other grocery stores | 20,068 | 2.2% |
| Offices of physicians | 14,967 | 2.3% |
| Computer systems design and related services | 11,815 | -0.2% |
| Colleges and universities | 11,117 | 0.2% |
| Temporary help services | 9,615 | -7.8% |
| Electronic instrument manufacturing | 9,303 | 2.2% |
| Management of companies and enterprises | 9,284 | 2.0% |
| Department stores | 7,673 | -5.7% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Musical groups and artists | $10,759 | 22.4% |
| Other financial vehicles | $9,301 | 0.0% |
| Portfolio management | $4,516 | -6.4% |
| Securities brokerage | $4,379 | 4.6% |
| Other machinery rental and leasing | $4,377 | 191.0% |
| Support activities for forestry | $3,789 | 0.0% |
| All other financial investment activities | $3,753 | 17.2% |
| Investment advice | $3,502 | 4.9% |
| Mortgage and nonmortgage loan brokers | $3,389 | 44.5% |
| Investment banking and securities dealing | $3,228 | 40.3% |
Data Sources
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