New Hampshire Q1, 2019 Employment Statistics- 53,027 employers, up 2.7% from 51,634
- 655,680 employees, up 1.2% from 647,930
- $1,156 average weekly wage, up 3.1% from $1,121
- The average weekly wage is 2.4% below the national average
- The cost of living is 9.3% above the national average
Employer & Employee Growth
In the last year, the number of employers in the state increased by 1,393, which is an increase of 2.7%. The number of employees in New Hampshire increased by 7,749, an increase of 1.2%. During this same period, the average weekly wage increased by $35, an increase of 3.1%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 1,388 or 2.8%. Growth in private businesses in New Hampshire grew slower than the national average of 3.0%. The number of employees in these businesses increased since last years' Q1, increasing by 7,464 or 1.3%. The growth in employees of private businesses in New Hampshire was slower than the national average of 1.7%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $36 or 3.1%. Growth in average weekly wage of employees of private businesses in New Hampshire grew faster than the national average of 3.0%.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Professional services with 13.9% of the businesses in the state. The number of businesses in this sector increased by 6.2%. Retail trade (11.1%), which decreased by 0.5% and Wholesale trade (10.3%), which increased by 0.6%, round out the 3 largest sectors.
Table: Sectors by Year-over-Year Qtly Business Change %
| Sector | Change Biz | % Change |
|---|---|---|
| Information | 107 | 12.5% |
| Educational services | 62 | 7.3% |
| Transport and warehousing | 57 | 6.3% |
| Professional services | 427 | 6.2% |
| Arts and entertainment | 48 | 5.8% |
| Company management | 33 | 5.5% |
| Construction | 220 | 5.0% |
| Utilities | 4 | 3.9% |
| Waste services | 154 | 3.5% |
| Accommodation and food services | 113 | 3.1% |
| Other services | 93 | 2.4% |
| Real estate and rental | 21 | 1.4% |
| Healthcare | 39 | 1.0% |
| Wholesale trade | 33 | 0.6% |
| Manufacturing | 3 | 0.1% |
| Finance and insurance | 1 | 0.0% |
| Agriculture and forestry | 0 | 0.0% |
| Retail trade | -32 | -0.5% |
| Mining and oil extraction | -1 | -1.5% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 14.2% of the employees in the state, had an increase in employees of 1.8% in the last year. Retail trade (14.2%), decreased by 0.3% and Manufacturing (10.9%), increased by 3.2%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Arts and entertainment | 815 | 7.5% |
| Construction | 1,016 | 4.1% |
| Transport and warehousing | 559 | 3.9% |
| Manufacturing | 2,249 | 3.2% |
| Company management | 215 | 2.4% |
| Other services | 420 | 2.1% |
| Educational services | 362 | 1.8% |
| Healthcare | 1,623 | 1.8% |
| Professional services | 625 | 1.7% |
| Accommodation and food services | 779 | 1.4% |
| Agriculture and forestry | 21 | 1.2% |
| Wholesale trade | 305 | 1.1% |
| Retail trade | -302 | -0.3% |
| Real estate and rental | -76 | -1.1% |
| Finance and insurance | -359 | -1.4% |
| Information | -174 | -1.4% |
| Utilities | -33 | -1.6% |
| Waste services | -573 | -1.7% |
| Mining and oil extraction | -10 | -2.0% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Finance and insurance paying $2,612per week compared with the state average of $1,183. Weekly wages in this sector rose by $3 or 0.1%. Utilities ($2,505), declined by $256 or 9.3% and Company management ($2,393) increased by $126 or 5.6% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Real estate and rental | $133 | 12.4% |
| Waste services | $66 | 7.0% |
| Company management | $126 | 5.6% |
| Professional services | $100 | 5.3% |
| Other services | $31 | 4.4% |
| Accommodation and food services | $17 | 4.2% |
| Arts and entertainment | $17 | 4.0% |
| Healthcare | $40 | 3.7% |
| Agriculture and forestry | $25 | 3.6% |
| Information | $68 | 3.6% |
| Transport and warehousing | $31 | 3.6% |
| Wholesale trade | $59 | 3.1% |
| Retail trade | $18 | 3.0% |
| Construction | $30 | 2.7% |
| Educational services | $27 | 2.6% |
| Mining and oil extraction | $24 | 2.1% |
| Manufacturing | $25 | 1.7% |
| Finance and insurance | $3 | 0.1% |
| Utilities | $-256 | -9.3% |
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 6.1% of the businesses in the state (with 3,247 employing 7,941 workers). The Wholesale trade agents and brokers industry had 484 fewer businesses, a decline of 13.0% in the last year. Restaurants and other eating places (5.5% of businesses) added 86 businesses, an increase of 3.1% and Computer systems design and related services (4.8% of businesses) added 181 businesses, an increase of 7.7% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Ophthalmic goods merchant wholesalers | 6 | 200.0% |
| Druggists' goods merchant wholesalers | 49 | 104.3% |
| Casinos except casino hotels | 2 | 100.0% |
| Wine and spirit merchant wholesalers | 8 | 100.0% |
| Appliance and electronics merchant whls. | 7 | 77.8% |
| Medical equipment merchant wholesalers | 67 | 77.0% |
| Men's and boys' clothing merchant wholesalers | 5 | 71.4% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Computer systems design and related services | 181 | 7.7% |
| Software publishers | 111 | 57.2% |
| Management consulting services | 104 | 10.0% |
| Restaurants and other eating places | 86 | 3.1% |
| Residential building construction | 86 | 9.5% |
| Janitorial services | 77 | 16.2% |
| Medical equipment merchant wholesalers | 67 | 77.0% |
Employees by Industry
Restaurants and other eating places (5.5% of employees) added 86 employees, an increase of 3.1% and Computer systems design and related services (4.8% ofemployees) added 181 employees, an increase of 7.7% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Media buying agencies | 3 | 66.7% |
| Translation and interpretation services | 35 | 65.7% |
| Oil and gas pipeline construction | 30 | 59.1% |
| Dairy product merchant wholesalers | 22 | 53.8% |
| Luggage and leather goods stores | 54 | 49.0% |
| All other information services | 6 | 43.4% |
| Emergency and other relief services | 18 | 38.2% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 802 | 1.8% |
| Electronic instrument manufacturing | 761 | 9.2% |
| General medical and surgical hospitals | 675 | 2.5% |
| Engineering services | 574 | 13.3% |
| Janitorial services | 574 | 14.5% |
| Supermarkets and other grocery stores | 442 | 2.3% |
| Plumbing and hvac contractors | 323 | 7.4% |
Average Weekly Wage by Industry
Restaurants and other eating places ($5) and Computer systems design and related services ($5) round out the top 3 industries. Employees in the Restaurants and other eating places ($5 per week) were paid $86 more per week, an increase of 3.1% and Computer systems design and related services ($5 per week) were paid $181 more per week, an increase of 7.7% 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 | $8,495 | 350.0% |
| Postproduction and other related industries | $1,285 | 225.0% |
| Consumer electronics and appliances rental | $1,278 | 115.0% |
| Facilities support services | $390 | 81.8% |
| Emergency and other relief services | $430 | 56.7% |
| Media representatives | $966 | 55.7% |
| Women's and children's clothing merch. whls. | $379 | 48.7% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other machinery rental and leasing | $8,495 | 350.0% |
| All other financial investment activities | $1,916 | 48.5% |
| Office equipment rental and leasing | $1,472 | 37.3% |
| Postproduction and other related industries | $1,285 | 225.0% |
| Consumer electronics and appliances rental | $1,278 | 115.0% |
| Media representatives | $966 | 55.7% |
| Independent artists writers and performers | $615 | 40.3% |
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 92.9%. (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%.
Data Sources
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