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New Hampshire’s Preliminary Seasonally Adjusted Unemployment Rate for October 2019

New Hampshire’s preliminary seasonally adjusted unemployment rate for October 2019 was 2.6 percent, an increase of 0.1 percentage point from the September rate, which remained at 2.5 percent after revision.The October 2018 seasonally adjusted rate was 2.4 percent.

Seasonally adjusted estimates for October 2019 placed the number of employed residents at 754,600, an increase of 1,350 from the previous month and an increase of 9,320 from October 2018.The number of unemployed residents increased by 380 over-the-month to 19,940.This was 1,620 more unemployed than in October 2018.From September to October 2019, the total labor force increased by 1,730 to 774,540.This was an increase of 10,940 from October 2018.

The unadjusted October 2019 unemployment rate for New Hampshire was 2.3 percent, unchanged from the September rate, which remained at 2.3 percent after revision. The October 2018 unadjusted rate was 2.0 percent.

Nationally, the seasonally adjusted unemployment rate for October 2019 was 3.6 percent, an increase of 0.1 percentage point from the September rate, and a decrease of 0.2 percentage points from the October 2018 rate. The national unadjusted rate for October 2019 was 3.3 percent, unchanged from the September rate, and a decrease of 0.2 percentage points from the October 2018 rate.

NOTE: State nonfarm employment estimates are available on our Internet Web site: www.nhes.nh.gov/elmi concurrent with this release. Local area unemployment rates are expected to be available on Thursday, November 21. All monthly data will continue to be published in the monthly newsletter New Hampshire Economic Conditions.