New Hampshire Q2, 2019 Employment Statistics- 53,725 employers, up 2.5% from 52,437
- 667,236 employees, up 1.0% from 660,855
- $1,090 average weekly wage, up 4.0% from $1,048
- The average weekly wage is 0.5% below 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 1,288, which is an increase of 2.5%. The number of employees in New Hampshire increased by 6,381, an increase of 1.0%. During this same period, the average weekly wage increased by $42, an increase of 4.0%.
The number of private employers increased since last years' Q1. The number of private businesses increased by 1,285 or 2.6%. Growth in private businesses in New Hampshire grew slower than the national average of 2.9%. The number of employees in these businesses increased since last years' Q1, increasing by 6,231 or 1.1%. The growth in employees of private businesses in New Hampshire was slower than the national average of 1.4%.
The average weekly wage of employees of private businesses increased since last years' Q1. The averge weekly wage increased by $45 or 4.3%. Growth in average weekly wage of employees of private businesses in New Hampshire grew faster 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 14.0% of the businesses in the state. The number of businesses in this sector increased by 5.7%. Retail trade (11.0%), which decreased by 0.9% 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 | 151 | 17.3% |
| Utilities | 7 | 7.1% |
| Educational services | 57 | 6.6% |
| Arts and entertainment | 48 | 5.7% |
| Professional services | 403 | 5.7% |
| Construction | 239 | 5.3% |
| Transport and warehousing | 42 | 4.6% |
| Company management | 21 | 3.4% |
| Other services | 108 | 2.8% |
| Real estate and rental | 34 | 2.3% |
| Waste services | 99 | 2.2% |
| Finance and insurance | 33 | 1.4% |
| Healthcare | 36 | 0.9% |
| Wholesale trade | 32 | 0.6% |
| Accommodation and food services | 21 | 0.6% |
| Agriculture and forestry | 1 | 0.4% |
| Manufacturing | -17 | -0.8% |
| Retail trade | -53 | -0.9% |
| Mining and oil extraction | -2 | -3.0% |
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare with 14.1% of the employees in the state, had an increase in employees of 2.0% in the last year. Retail trade (14.0%), decreased by 0.5% and Manufacturing (10.7%), increased by 1.8%, round out the top 3 sectors.Table: Sectors by Year-over-Year Qtly Employee Change %
| Sector | Employee Change | % Change |
|---|---|---|
| Arts and entertainment | 561 | 4.9% |
| Transport and warehousing | 391 | 2.7% |
| Construction | 672 | 2.5% |
| Professional services | 791 | 2.1% |
| Healthcare | 1,845 | 2.0% |
| Other services | 400 | 1.9% |
| Manufacturing | 1,300 | 1.8% |
| Accommodation and food services | 997 | 1.7% |
| Company management | 61 | 0.7% |
| Agriculture and forestry | 5 | 0.5% |
| Wholesale trade | 98 | 0.4% |
| Information | 34 | 0.3% |
| Utilities | -1 | 0.0% |
| Finance and insurance | -37 | -0.1% |
| Educational services | -59 | -0.3% |
| Real estate and rental | -31 | -0.4% |
| Retail trade | -510 | -0.5% |
| Waste services | -277 | -0.7% |
| Mining and oil extraction | -21 | -3.6% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is Utilities paying $2,002per week compared with the state average of $1,092. Weekly wages in this sector declined by $77 or 3.7%. Company management ($1,984), rose by $282 or 16.6% and Finance and insurance ($1,943) increased by $166 or 9.3% round out the 3 largest sectors.Table: Sectors by Year-over-Year Weekly Wage Change %
| Sector | Wage Change | Change % |
|---|---|---|
| Company management | $282 | 16.6% |
| Real estate and rental | $93 | 9.4% |
| Finance and insurance | $166 | 9.3% |
| Mining and oil extraction | $98 | 8.3% |
| Agriculture and forestry | $38 | 5.7% |
| Waste services | $47 | 5.2% |
| Educational services | $53 | 5.0% |
| Transport and warehousing | $39 | 4.4% |
| Healthcare | $44 | 4.2% |
| Wholesale trade | $69 | 4.1% |
| Retail trade | $24 | 3.9% |
| Other services | $27 | 3.8% |
| Information | $63 | 3.7% |
| Accommodation and food services | $14 | 3.5% |
| Manufacturing | $32 | 2.5% |
| Construction | $25 | 2.2% |
| Professional services | $36 | 2.0% |
| Arts and entertainment | $2 | 0.5% |
| Utilities | $-77 | -3.7% |
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 5.9% of the businesses in the state (with 3,195 employing 7,722 workers). The Wholesale trade agents and brokers industry had 497 fewer businesses, a decline of 13.5% in the last year. Restaurants and other eating places (5.3% of businesses) had 3 fewer businesses, a decline of 0.1% and Computer systems design and related services (4.9% of businesses) added 191 businesses, an increase of 7.8% round out the 3 industries with the most businesses.Table: Top 7 Industries by Business Change %
| Industry | Business Chg | % Change |
|---|---|---|
| Druggists' goods merchant wholesalers | 56 | 107.7% |
| Other professional equip. merchant wholesaler | 19 | 82.6% |
| Dairy product merchant wholesalers | 5 | 71.4% |
| Appliance and electronics merchant whls. | 7 | 70.0% |
| Industrial paper merchant wholesalers | 8 | 66.7% |
| Medical equipment merchant wholesalers | 63 | 62.4% |
| Software publishers | 130 | 60.2% |
Table: Top 7 Industries by Business Change #
| Industry | Business Chg | % Change |
|---|---|---|
| Computer systems design and related services | 191 | 7.8% |
| Software publishers | 130 | 60.2% |
| Management consulting services | 78 | 7.2% |
| Janitorial services | 77 | 16.0% |
| Residential building construction | 72 | 7.6% |
| Medical equipment merchant wholesalers | 63 | 62.4% |
| Druggists' goods merchant wholesalers | 56 | 107.7% |
Employees by Industry
Restaurants and other eating places (5.3% of employees) had 3 fewer employees, a decline of 0.1% and Computer systems design and related services (4.9% ofemployees) added 191 employees, an increase of 7.8% round out the 3 industries with the most employees.Table: Top 7 Industries by Employee Change %
| Industry | Emp Chg | % Change |
|---|---|---|
| Zoos and botanical gardens | 10 | 234.0% |
| Translation and interpretation services | 50 | 105.3% |
| Political organizations | 67 | 85.3% |
| Emergency and other relief services | 32 | 64.5% |
| Paint and supplies merchant wholesalers | 8 | 62.6% |
| Dairy product merchant wholesalers | 24 | 59.5% |
| Appliance and electronics merchant whls. | 18 | 51.4% |
Table: Top 7 Industries by Employee Change #
| Industry | Emp Chg | % Change |
|---|---|---|
| Restaurants and other eating places | 913 | 1.9% |
| Electronic instrument manufacturing | 645 | 7.6% |
| General medical and surgical hospitals | 628 | 2.3% |
| Janitorial services | 609 | 15.1% |
| Engineering services | 537 | 12.1% |
| Supermarkets and other grocery stores | 459 | 2.4% |
| Electronic shopping and mail-order houses | 298 | 10.1% |
Average Weekly Wage by Industry
The industry that pays their employees the most is Other machinery rental and leasing, paying $8,066 compared with the state average of $1,092. Employees in the Other machinery rental and leasing industry were paid $6,645 more per week, an increase of 467.6% in the last year. Securities brokerage ($3,638) and Portfolio management ($3,216) round out the top 3 industries. Employees in the Securities brokerage ($3,638 per week) were paid $756 more per week, an increase of 26.2% and Portfolio management ($3,216 per week) were paid $309 more per week, an increase of 10.6% 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 | $6,645 | 467.6% |
| Other farm product raw material merch. whls. | $1,185 | 204.3% |
| Agents and managers for public figures | $728 | 63.0% |
| Facilities support services | $336 | 61.1% |
| Media representatives | $919 | 51.5% |
| Other credit intermediation activities | $469 | 45.3% |
| Consumer electronics and appliances rental | $455 | 43.1% |
Table: Top 7 Industries by Wage Change $
| Industry | Wkly Chg | % Change |
|---|---|---|
| Other machinery rental and leasing | $6,645 | 467.6% |
| Other farm product raw material merch. whls. | $1,185 | 204.3% |
| Media representatives | $919 | 51.5% |
| Securities brokerage | $756 | 26.2% |
| Agents and managers for public figures | $728 | 63.0% |
| Investment banking and securities dealing | $718 | 32.2% |
| Plastics materials merchant wholesalers | $692 | 40.7% |
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 92.4%. (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 | 3,195 | -13.5% |
| Restaurants and other eating places | 2,859 | -0.1% |
| Computer systems design and related services | 2,632 | 7.8% |
| Management consulting services | 1,161 | 7.2% |
| Office administrative services | 1,023 | 0.5% |
| Residential building construction | 1,019 | 7.6% |
| Landscaping services | 991 | 2.6% |
| Accounting and bookkeeping services | 754 | 7.4% |
| Temporary help services | 728 | -0.1% |
| Offices of physicians | 728 | -3.7% |
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 | 49,042 | 1.9% |
| General medical and surgical hospitals | 28,020 | 2.3% |
| Supermarkets and other grocery stores | 19,760 | 2.4% |
| Offices of physicians | 14,747 | 1.8% |
| Computer systems design and related services | 11,775 | -1.3% |
| Colleges and universities | 10,864 | -1.4% |
| Management of companies and enterprises | 9,218 | 0.7% |
| Electronic instrument manufacturing | 9,144 | 7.6% |
| Temporary help services | 9,117 | -9.7% |
| Wholesale trade agents and brokers | 7,722 | -9.7% |
The table below illustrates the largest industries in the state, by highest wages:
Table: Top 10 Industries by Weekly Wage
| Industry | Wkly Wages | % Change |
|---|---|---|
| Other machinery rental and leasing | $8,066 | 467.6% |
| Securities brokerage | $3,638 | 26.2% |
| Portfolio management | $3,216 | 10.6% |
| Photographic equip. merchant wholesalers | $3,085 | 0.0% |
| All other financial investment activities | $2,988 | -12.1% |
| Investment banking and securities dealing | $2,947 | 32.2% |
| Computer and software merchant wholesalers | $2,942 | 7.3% |
| Business to business electronic markets | $2,854 | 0.7% |
| Software publishers | $2,734 | 2.3% |
| Media representatives | $2,704 | 51.5% |
Data Sources
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