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 %
SectorChange Biz% Change
Information15516.6%
Educational services616.9%
Professional services4195.6%
Construction2124.6%
Company management264.1%
Agriculture and forestry114.0%
Utilities43.8%
Transport and warehousing333.5%
Arts and entertainment303.4%
Finance and insurance703.0%
Real estate and rental382.6%
Waste services912.0%
Other services721.8%
Accommodation and food services391.0%
Healthcare210.5%
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 %
SectorEmployee Change% Change
Construction9893.6%
Arts and entertainment3753.5%
Other services6613.1%
Professional services1,1443.0%
Agriculture and forestry532.8%
Company management1782.0%
Transport and warehousing2771.8%
Educational services3051.5%
Healthcare1,3341.4%
Accommodation and food services7111.2%
Finance and insurance2190.8%
Information820.7%
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 %
SectorWage ChangeChange %
Real estate and rental$867.3%
Finance and insurance$1396.5%
Mining and oil extraction$795.8%
Transport and warehousing$525.6%
Educational services$484.4%
Information$774.4%
Accommodation and food services$184.1%
Wholesale trade$784.1%
Construction$574.0%
Retail trade$243.6%
Agriculture and forestry$283.4%
Manufacturing$382.7%
Healthcare$302.6%
Professional services$502.4%
Arts and entertainment$122.3%
Other services$162.0%
Waste services$-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 %
IndustryBusiness Chg% Change
Snack food manufacturing2200.0%
Political organizations25138.9%
Druggists' goods merchant wholesalers5577.5%
Other farm product raw material merch. whls.375.0%
Other financial vehicles375.0%
Appliance and electronics merchant whls.975.0%
Trusts estates and agency accounts1173.3%


Table: Top 7 Industries by Business Change #
IndustryBusiness Chg% Change
Computer systems design and related services1987.6%
Software publishers13151.0%
Residential building construction919.3%
Janitorial services7114.5%
Management consulting services665.6%
Druggists' goods merchant wholesalers5577.5%
Medical equipment merchant wholesalers5240.6%


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 %
IndustryEmp Chg% Change
Political organizations393505.5%
Other farm product raw material merch. whls.889.2%
Paint and supplies merchant wholesalers1480.1%
Postproduction and other related industries1274.4%
Office equipment rental and leasing1067.6%
Other credit intermediation activities667.3%
Emergency and other relief services2964.4%


Table: Top 7 Industries by Employee Change #
IndustryEmp Chg% Change
Restaurants and other eating places7381.6%
Janitorial services68517.3%
Engineering services52411.4%
Supermarkets and other grocery stores4252.2%
Political organizations393505.5%
Electronic shopping and mail-order houses38511.8%
Professional employer organizations35347.6%


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 %
IndustryWkly Chg% Change
Other machinery rental and leasing$2,873191.0%
Consumer electronics and appliances rental$78479.0%
Other farm product raw material merch. whls.$46466.5%
Facilities support services$36964.3%
Women's and children's clothing merch. whls.$38546.4%
Mortgage and nonmortgage loan brokers$1,04344.5%
Postproduction and other related industries$37043.9%


Table: Top 7 Industries by Wage Change $
IndustryWkly Chg% Change
Other machinery rental and leasing$2,873191.0%
Musical groups and artists$1,97222.4%
Mortgage and nonmortgage loan brokers$1,04344.5%
Investment banking and securities dealing$92840.3%
Consumer electronics and appliances rental$78479.0%
Manufactured mobile home dealers$61328.8%
Other nondepository credit intermediation$60434.6%


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 brokers3,129-13.5%
Restaurants and other eating places2,8600.2%
Computer systems design and related services2,7947.6%
Management consulting services1,2375.6%
Residential building construction1,0679.3%
Office administrative services1,063-0.9%
Landscaping services9922.5%
Accounting and bookkeeping services7816.7%
Temporary help services756-1.2%
Offices of physicians732-3.0%


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 places47,2371.6%
General medical and surgical hospitals28,3541.2%
Supermarkets and other grocery stores20,0682.2%
Offices of physicians14,9672.3%
Computer systems design and related services11,815-0.2%
Colleges and universities11,1170.2%
Temporary help services9,615-7.8%
Electronic instrument manufacturing9,3032.2%
Management of companies and enterprises9,2842.0%
Department stores7,673-5.7%


The table below illustrates the largest industries in the state, by highest wages:

Table: Top 10 Industries by Weekly Wage
IndustryWkly Wages% Change
Musical groups and artists$10,75922.4%
Other financial vehicles$9,3010.0%
Portfolio management$4,516-6.4%
Securities brokerage$4,3794.6%
Other machinery rental and leasing$4,377191.0%
Support activities for forestry$3,7890.0%
All other financial investment activities$3,75317.2%
Investment advice$3,5024.9%
Mortgage and nonmortgage loan brokers$3,38944.5%
Investment banking and securities dealing$3,22840.3%




Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.