As the economy continues to recover and unemployment rates dip, the state is also leading the nation in job growth, according to a report by the University of New Hampshire’s School of Business.
The report, titled “New Hampshire Leading the Nation in Job Creation,” estimates that the state has added more than 6,500 jobs since the start of the year, and has also added almost 5,500 workers who were hired in January and February.
While the job market has improved for the most part, the report says there are still areas where there is a lot of slack.
For example, the unemployment for New Hampshire residents ages 16 to 24 has been at 5.1 percent since the end of January, up from 4.7 percent at the end for the entire nation.
“In New Hampshire, there is still a lot more slack in the labor market than the national average,” said Robert C. Anderson, director of the New Hampshire Center for Labor Research and Policy.
“New York and New Jersey have similar unemployment rates as New Hampshire.
In New Hampshire we have more job creation than either state.”
Anderson said there is also a large gap between what New Hampshire is able to produce and what it needs.
For instance, New Hampshire has a higher share of its population with a bachelor’s degree than any other state, but only 2.5 percent of New Englanders have a bachelor of arts degree.
The state also has the second-highest percentage of unemployed New Hampshireans in the nation.
The state’s unemployment rate is 8.1 percentage points higher than the nation’s.