9
Kancamagus Highway (from Auto Kesariaa on flickr) Kancamagus Highway (from Auto Kesariaa on flickr) The Coronavirus Pandemic’s Impact on The Transportation and Warehousing Sector Not seasonally adjusted employment in the transportation and warehousing sector increased 3.8 percent from January 2020 to March 2021, more than any other industry sector in New Hampshire, with the exception of professional, scientific, and technical services. Over that same time period, total nonfarm employment fell 3.8 percent. Like most industry sectors, employment in transportation and warehousing decreased in March and April 2020, as a result of the coronavirus pandemic, although it still outperformed the overall workforce. Total nonfarm employment fell 15.4 percent from January 2020 to April 2020, while transportation and warehousing employment fell 13.5 percent. While total nonfarm employment growth slowed in the second half of 2020, transportation and warehousing employment increased steadily throughout the year. Seasonal factors affected transportation and warehousing employment early in 2021, as employment in this sector is typically high in December as a result of seasonal holiday demand, and often falling after the holiday season. Data from Burning Glass Technologies’ Labor Insight tool showed that online postings for transportation and warehousing jobs increased over-the- year during the pandemic, particularly in May, June, and July, as well as during the holiday season. Job postings for all industries also increased over-the- year in June and July 2020, but not to the same degree as transportation and warehousing postings. Postings for all industries fell below 2019 rates for most of the second half of the year. Job postings do not always indicate an increase in employment; they do not necessarily result in a successful hire, and they may also reflect turnover within an industry or New Hampshire New Hampshire ECONOMIC CONDITIONS ECONOMIC CONDITIONS May 2021 May 2021 80 85 90 95 100 105 110 115 Growth Index: 100 = January 2020 Employment Levels Total Nonfarm Transportation and Warehousing Employment Growth Index, January 2020 - March 2021 Source: New Hampshire Employment Security, Current Employment Statistics (2021 data are preliminary) INSIDE THIS ISSUE: Seasonally Adjusted Estimates Unemployment Rates ..................... 4 Current Employment Statistics ..... 4 Not Seasonally Adjusted Estimates Unemployment Rates ...................... 5 Current Employment Statistics ..... 6 Claims Activity........................... 9

New Hampshire ECONOMIC CONDITIONS May 2021

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Kancamagus Highway (from Auto Kesariaa on flickr)Kancamagus Highway (from Auto Kesariaa on flickr)

The Coronavirus Pandemic’s Impact on The Transportation and Warehousing Sector

Not seasonally adjusted employment in the transportation and warehousing sector increased 3.8 percent from January 2020 to March 2021, more than any other industry sector in New Hampshire, with the exception of professional, scientific, and technical services. Over that same time period, total nonfarm employment fell 3.8 percent. Like most industry sectors, employment in transportation and warehousing decreased in March and April 2020, as a result of the coronavirus pandemic, although it still outperformed the overall workforce. Total nonfarm employment fell 15.4 percent from January 2020 to April 2020, while transportation and warehousing employment fell 13.5 percent.

While total nonfarm employment growth slowed in the second half of 2020, transportation and warehousing employment increased steadily throughout the year. Seasonal factors affected transportation and warehousing employment early in 2021, as employment in this sector is typically high in December as a result of seasonal holiday demand, and often falling after the holiday season. Data from Burning Glass Technologies’ Labor Insight tool showed that online postings for transportation and warehousing jobs increased over-the-year during the pandemic, particularly in May, June, and July, as well as during the holiday season. Job postings for all industries also increased over-the-year in June and July 2020, but not to the same degree as transportation

and warehousing postings. Postings for all industries fell below 2019 rates for most of the second half of the year. Job postings do not always indicate an increase in employment; they do not necessarily result in a successful hire, and they may also reflect turnover within an industry or

New HampshireNew HampshireECONOMIC CONDITIONSECONOMIC CONDITIONS May 2021May 2021

80

85

90

95

100

105

110

115

Grow

th In

dex:

100

= Ja

nuar

y 20

20

Empl

oym

ent L

evel

s

Employment Growth Index, January 2020 - March 2021

Total Nonfarm Transportation and Warehousing

Employment Growth Index, January 2020 - March 2021

Source: New Hampshire Employment Security, Current Employment Statistics (2021 data are preliminary)

INSIDE THIS ISSUE:Seasonally AdjustedEstimates Unemployment Rates ..................... 4 Current Employment Statistics ..... 4Not Seasonally AdjustedEstimates Unemployment Rates ...................... 5

Current Employment Statistics ..... 6Claims Activity ........................... 9

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 2

occupation rather than net new job growth. In the case of job postings for transportation and warehousing positions, however, the increase in postings does appear to be associated with employment growth.

Employment Trends in Transportation and Warehousing Subsectors Five subsectors account for 95 percent of private employment in transportation and warehousing:1 transit and ground passenger transportation, couriers and messengers, truck transportation, support activities for transportation, and warehousing and storage. Employment data for these subsectors is only available through the end of 2020.2 For the truck transportation, support activities for transportation, and warehousing and storage subsectors, the pandemic had a relatively small impact on employment. Employment decreased between five and twelve percent between January 2020 and April 2020, then increased over the rest of the year. Employment in warehousing and storage surpassed pre-pandemic levels by December, while employment in truck transportation and support activities for transportation had not fully recovered.

Employment in the couriers and messengers subsector increased throughout the pandemic, benefitting from pandemic-driven changes in consumer behavior. Particularly early in the pandemic, consumers avoided in-person shopping and relied on online retail to purchase goods; Google Mobility data3 showed retail and recreation 1 The federal government employs roughly 3,300 Postal Service workers, who are not included in private employment estimates. Postal Service employment was essentially unchanged throughout 2020. 2 Employment numbers for the transportation and warehousing sector use data from the Current Employment Statistics (CES) program. Employment numbers for subsectors use data from the Quarterly Census of

Employment and Wages (QCEW) program, which offers more detailed data on employment by industry. These programs use different methods to estimate employment. CES is a survey-based employer estimate, while QCEW is a quarterly measure of employment at business establishments subject to the unemployment insurance law.

3 Poovey, Jason, Human Mobility and COVID-19 Transmission Dashboard, https://public.tableau.com/profile/jason.poovey#!/vizhome/MobilityDashboardPublic/MobilityDashboard.

traffic fell by around 40 percent in April 2020. Many goods purchased online are delivered to consumers by businesses in the couriers and messengers subsector, and this subsector saw a surge in employment. In March and April 2020, while total nonfarm employment fell by 107,000, couriers and messengers employment increased by 160 jobs, roughly five percent of its total workforce. This growth continued throughout 2020; by December 2020, couriers and messengers employment had increased 45 percent over the previous December. Employment in transit and ground passenger transportation decreased until July 2020. Much of this decline was related to school bus transportation, which was impacted by remote-learning during the last few months of the 2019-2020 school year. In addition to pandemic-related employment declines, school bus transportation employment is typically lower during the summer, when school is not in session. In July 2019, transit and ground passenger transportation decreased 22 percent from employment during the school year, while in July 2020, it was more than 60 percent below typical school year employment levels. Transit and ground passenger transportation employment increased in August and September 2020, the result of the start of the 2020-2021 school year, with at least some students returning to in-person or hybrid schooling. However, there were no additional employment gains over the rest of the year, and employment remained roughly 25 percent below normal levels by the end of 2020.

50%

100%

150%

200%

250%

300%

350%

400%

Over-The-Year Percent Change in Job Postings

All Industries Transportation and Warehousing

Over-The-Year Percent Change in Job Postings

Source: Burning Glass Technologies, Job Posting Data from January 2019 – March 2021

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 3

4 Poovey, Jason, Human Mobility and COVID-19 Transmission Dashboard, https://public.tableau.com/profile/jason.poovey#!/vizhome/MobilityDashboardPublic/MobilityDashboard. 5 Long Term Industry Projections were released prior to the COVID pandemic, and do not reflect its impact on workforce growth and trends.

Public transportation — urban transit systems and interurban and rural bus transportation – is also a part of the transit and ground passenger transportation subsector. Public transportation systems have seen reduced demand throughout the coronavirus pandemic. Google Mobility data show that the number of New Hampshire residents visiting public transportation hubs like bus stops fell more than 20 percent in April 2020.4 Traffic around public transportation hubs returned to near-normal levels over the summer, before falling again through the fall and winter. While most of the transportation and warehousing sector is focused on transporting goods, transit and ground passenger transportation transports people. It is not surprising that employment in this subsector was affected much more than other subsectors; social distancing requirements and health concerns meant many people were not comfortable using mass transit systems during the pandemic. In addition, the increase in remote work and learning arrangements meant many students and workers who relied on mass transit systems did not need to travel to work or school during the pandemic. As of April 2021, most schools in

New Hampshire have returned to in-person instruction, which should increase transit and ground passenger transportation employment. In contrast, for subsectors that transported goods, the pandemic’s impact was either relatively small or even beneficial. The large increase in couriers and messengers employment may not be permanent, but this subsector, along with warehousing and storage, have been trending upwards in recent years, as consumer behaviors have increasingly shifted from in-person to online retail shopping. New Hampshire Employment Security’s 2018 – 2028 Long Term Industry Projections anticipate that employment in both of these industries will grow faster than the workforce overall, increasing by eight and sixteen percent, respectively.5 As an indication of the long-term outlook for these sectors, a number of large warehouse facilities are in development across New Hampshire, including a 2.5 million square foot complex in Hudson, NH, and an 800,000 square foot facility in Kingston, NH.

– Greg David, Economist

Growth Index of Transportation and Warehousing Subsectors

220

200

180

160

140

120

100

80

60

40

20

Transit and Ground Passenger Transporta�on

Support Ac�vi�es for Transporta�on

Couriers and Messengers

Warehousing and Storage

Truck Transporta�on

Grow

th In

dex:

100

= Ja

nuar

y 20

19 E

mpl

oym

ent L

evel

s

Growth Index of Transportation and Warehousing Subsectors

Source: New Hampshire Employment Security, Quarterly Covered Employment and Wages

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 4

SEASONALLY ADJUSTED ESTIMATES

Local Area Unemployment Statistics (LAUS) Unemployment Rate, NH and US

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21

United States 6.0%

New Hampshire 3.0%

Current monthis preliminary;

past monthsare revised

Prior data and area data are available on our website at: www.nhes.nh.gov/elmi/statistics/ces-htm

Number of Jobs Change From Previous

Mar-21 Feb-21 Mar-20 Month Year

Total Nonfarm 657,500 652,800 681,900 4,700 -24,400

Total Private 572,100 568,100 592,600 4,000 -20,500

Mining and Logging 1,000 1,000 1,000 0 0

Construction 27,900 27,900 28,800 0 -900

Manufacturing 67,600 66,700 70,800 900 -3,200

Durable Goods 50,700 50,400 52,800 300 -2,100

Non-Durable Goods 16,900 16,300 18,000 600 -1,100

Trade, Transportation, and Utilities 138,800 138,800 140,000 0 -1,200

Wholesale Trade 27,600 27,700 28,100 -100 -500

Retail Trade 92,400 92,300 94,200 100 -1,800

Transportation, Warehousing, and Utilities 18,800 18,800 17,700 0 1,100

Information 11,700 11,600 12,500 100 -800

Financial Activities 34,300 34,200 34,400 100 -100

Financial and Insurance 27,600 27,500 27,300 100 300

Real Estate and Rental and Leasing 6,700 6,700 7,100 0 -400

Professional and Business Services 88,300 87,500 84,900 800 3,400

Professional, Scientific, and Technical Services 41,400 41,400 39,600 0 1,800

Management of Companies and Enterprises 9,700 9,500 9,300 200 400

Administrative and Support and WasteManagement and Remediation Services

37,200 36,600 36,000 600 1,200

Education and Health Services 118,400 117,400 123,900 1,000 -5,500

Educational Services 27,000 26,600 29,000 400 -2,000

Health Care and Social Assistance 91,400 90,800 94,900 600 -3,500

Leisure and Hospitality 62,400 61,400 71,400 1,000 -9,000

Arts, Entertainment, and Recreation 9,600 9,600 12,600 0 -3,000

Accommodation and Food Services 52,800 51,800 58,800 1,000 -6,000

Other Services 21,700 21,600 24,900 100 -3,200

Government 85,400 84,700 89,300 700 -3,900

Federal Government 8,100 8,100 8,300 0 -200

State Government 23,200 22,900 23,600 300 -400

Local Government 54,100 53,700 57,400 400 -3,300

Seasonally Adjusted Mar-21 Feb-21 Mar-20

United States 6.0% 6.2% 4.4%

Northeast 7.5% 7.7% 3.9%

New England 6.4% 6.6% 3.1%

Connecticut 8.3% 8.5% 3.8%

Maine 4.8% 4.8% 3.1%

Massachusetts 6.8% 7.0% 2.7%

New Hampshire 3.0% 3.3% 2.7%

Rhode Island 7.1% 7.3% 4.0%

Vermont 2.9% 3.0% 2.6%

Mid Atlantic 7.9% 8.2% 4.3%

New Jersey 7.7% 7.8% 3.8%

New York 8.5% 8.9% 3.9%

Pennsylvania 7.3% 7.4% 5.1%

Current Employment Statistics (CES) by Place of Establishment

Unemployment Estimates by Region

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 5

March 2021Unemployment Rates by LMAUnemployment Rate 1

2.5% and belo w

2.6% - 3.0%

3.1% - 3.5%

3.6% - 4.0%

4.1% and above 3

2

4 5

6

7 8 911

10 1512 13

14 1617 18 19

20 2122 23 25

26 24 2827

Not Seasonally Adjusted Mar-21 Feb-21 Mar-20

United States 6.2% 6.6% 4.5%

Northeast 7.5% 8.3% 4.4%

New England 6.4% 6.8% 3.6%

Connecticut 8.3% 8.3% 4.3%

Maine 5.4% 5.6% 4.3%

Massachusetts 6.6% 7.3% 3.1%

New Hampshire 3.2% 3.1% 3.1%

Rhode Island 7.2% 7.9% 4.8%

Vermont 3.3% 3.1% 2.9%

Mid Atlantic 8.0% 8.8% 4.7%

New Jersey 7.8% 8.2% 4.2%

New York 8.5% 9.7% 4.4%

Pennsylvania 7.3% 7.9% 5.6%

NOT SEASONALLY ADJUSTED ESTIMATES BY PLACE OF RESIDENCE

New Hampshire Mar-21 Feb-21 Mar-20

Total Civilian Labor Force 749,810 752,730 766,390

Employed 725,790 729,060 742,250

Unemployed 24,020 23,670 24,140

Unemployment Rate 3.2% 3.1% 3.1%

United States (# in thousands) Mar-21 Feb-21 Mar-20

Total Civilian Labor Force 160,397 160,008 162,537

Employed 150,493 149,522 155,167

Unemployed 9,905 10,486 7,370

Unemployment Rate 6.2% 6.6% 4.5%

Labor Force Estimates Unemployment Rates by Region

Counties Mar-21 Feb-21 Mar-20

Belknap 3.6% 3.5% 3.3%

Carroll 3.9% 3.6% 3.4%

Cheshire 3.2% 3.2% 3.1%

Coös 4.2% 4.1% 4.0%

Grafton 2.9% 2.8% 2.7%

Hillsborough 3.3% 3.3% 3.3%

Merrimack 3.0% 2.9% 2.7%

Rockingham 3.2% 3.1% 3.4%

Strafford 3.0% 2.9% 2.8%

Sullivan 2.8% 2.7% 2.7%

Map Key Labor Market Areas Mar-21 Feb-21 Mar-20

1 Colebrook, NH-VT LMA, NH Portion 4.2% 3.8% 4.2%

2 Littleton, NH-VT LMA, NH Portion 3.8% 3.8% 3.0%

3 Berlin NH Micropolitan NECTA 4.4% 4.4% 4.5%

4 Haverhill, NH LMA 3.9% 3.8% 3.3%

5 Conway, NH-ME LMA, NH Portion 3.9% 3.7% 3.1%

6 Plymouth, NH LMA 2.9% 2.9% 2.7%

7Lebanon, NH-VT Micropolitan NECTA, NH Portion

2.4% 2.2% 2.5%

8 Meredith, NH LMA 3.1% 3.0% 3.1%

9 Wolfeboro, NH LMA 4.0% 3.8% 3.8%

10 Franklin, NH LMA 4.1% 4.1% 3.3%

11 Laconia, NH Micropolitan NECTA 3.8% 3.8% 3.4%

12 Expanded Claremont, NH estimating area 2.9% 2.7% 2.8%

13 New London, NH LMA 2.6% 2.4% 2.9%

14 Concord, NH Micropolitan NECTA 2.8% 2.7% 2.6%

15 Belmont, NH LMA 3.6% 3.4% 3.3%

16Dover-Durham, NH-ME Metropolitan NECTA, NH Portion

3.0% 2.9% 2.8%

17 Charlestown, NH LMA 3.1% 3.1% 2.8%

18 Hillsborough, NH LMA 3.1% 2.9% 2.8%

19 Raymond, NH LMA 2.9% 2.7% 3.2%

20 Manchester, NH Metropolitan NECTA 3.2% 3.1% 2.9%

21Portsmouth, NH-ME Metropolitan NECTA, NH Portion

2.9% 2.9% 2.9%

22 Keene, NH Micropolitan NECTA 3.2% 3.1% 3.1%

23 Peterborough, NH LMA 3.0% 3.0% 3.1%

24Nashua, NH-MA NECTA Division, NH Portion

3.3% 3.3% 3.5%

25Seabrook-Hampstead Area, NH Portion, Haverhill-Newburyport-Amesbury MA-NH NECTA Division

3.6% 3.6% 4.0%

26Hinsdale Town, NH Portion, Brattleboro, VT-NH LMA

4.4% 4.8% 4.3%

27Pelham Town, NH Portion, Lowell-Billerica-Chelmsford, MA-NH NECTA Division

3.9% 3.9% 4.2%

28Salem Town, NH Portion, Lawrence-Methuen-Salem, MA-NH NECTA Division

3.8% 3.8% 4.1%

Current month is preliminary;past months are revised

Unemployment Rates by Area

March 2021Unemployment Rates by LMAUnemployment Rate 1

2.5% and belo w

2.6% - 3.0%

3.1% - 3.5%

3.6% - 4.0%

4.1% and above 3

2

4 5

6

7 8 911

10 1512 13

14 1617 18 19

20 2122 23 25

26 24 2827

2525

33

11

55

22

44

991111

88

15151010

66

13131212

77

17171414

1818

22222020

24242323

1616

19192121

28282727

2626

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 6

MONTHLY ESTIMATES BY PLACE OF ESTABLISHMENT

Current monthis preliminary;

past monthsare revised

Total Nonfarm Employment TrendTotal Nonfarm Employment Trend Through March 2021

700,000690,000680,000670,000660,000650,000640,000630,000620,000610,000600,000590,000 Seasonally Adjusted580,000 Not Seasonally Adjusted570,000560,000

Mar

-11

Jul-1

1N

ov-1

1M

ar-1

2Ju

l-12

Nov

-12

Mar

-13

Jul-1

3N

ov-1

3M

ar-1

4Ju

l-14

Nov

-14

Mar

-15

Jul-1

5N

ov-1

5M

ar-1

6Ju

l-16

Nov

-16

Mar

-17

Jul-1

7N

ov-1

7M

ar-1

8Ju

l-18

Nov

-18

Mar

-19

Jul-1

9N

ov-1

9M

ar-2

0Ju

l-20

Nov

-20

Mar

-21

Number of Jobs Change From Previous

Mar-21 Feb-21 Mar-20 Month Year

Total Nonfarm 648,000 644,800 676,600 3,200 -28,600

Total Private 558,500 556,500 583,500 2,000 -25,000

Mining and Logging 900 900 900 0 0

Construction 25,900 26,100 27,100 -200 -1,200

Manufacturing 67,100 66,300 70,500 800 -3,400

Durable Goods 50,500 50,200 52,600 300 -2,100

Non-Durable Goods 16,600 16,100 17,900 500 -1,300

Trade, Transportation, and Utilities 135,700 135,700 137,300 0 -1,600

Wholesale Trade 27,600 27,600 27,900 0 -300

Retail Trade 89,800 89,800 92,000 0 -2,200

Transportation, Warehousing, and Utilities 18,300 18,300 17,400 0 900

Information 11,700 11,600 12,400 100 -700

Financial Activities 34,100 34,000 34,100 100 0

Professional and Business Services 86,000 86,000 83,100 0 2,900

Education and Health Services 119,200 118,500 126,800 700 -7,600

Leisure and Hospitality 56,300 56,100 66,700 200 -10,400

Other Services 21,600 21,300 24,600 300 -3,000

Government 89,500 88,300 93,100 1,200 -3,600

Federal Government 8,000 8,000 8,200 0 -200

State Government 24,800 24,200 25,100 600 -300

Local Government 56,700 56,100 59,800 600 -3,100

New Hampshire Nonfarm Employment Statewide Not Seasonally Adjusted

Total Nonfarm Employment Trend Through March 2021

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 7

MONTHLY ESTIMATES BY PLACE OF ESTABLISHMENT

Nonfarm Employment by Metropolitan Statistical Areas - March 2021

$1,030.90

$984.73

$1,197.23

$913.13

$1,056.44

$1,018.07

$960.73

$1,153.04

$914.89

$1,050.56

$943.06

$859.30

$1,024.00

$913.45

$989.10

New Hampshire

Dover-Durham NH-ME Metro

Manchester NH Metro NECTA

Nashua NH-MA NECTA Division

Portsmouth NH-ME Metro

All Employee Average Weekly Earnings

Mar-21Feb-21Mar-20

$971.04

$979.94

$949.07

$948.06

$964.32

$975.97

Manufacturing

Durable Goods

Production Workers Average Weekly Earnings

Mar-21

Feb-21

Mar-20

600 500100

-1,700-2,000

300

-3,000

-2,000

-1,000

0

1,000

2,000

Total Nonfarm Total Private Government

Dover-Durham NH-ME Metro NECTA

Over-the-Month

Over-the-Year

300 200 100

-6,900 -6,600

-300

-8,000

-6,000

-4,000

-2,000

0

2,000

Total Nonfarm Total Private Government

Manchester Metro NECTA

Over-the-Month

Over-the-Year

500 300 200

-4,900

-4,100

-800

-6,000

-4,000

-2,000

0

2,000

Total Nonfarm Total Private Government

Nashua NH-MA NECTA Division

Over-the-Month

Over-the-Year

900 700200

-4,000-3,500

-500

-5,000

-3,000

-1,000

1,000

Total Nonfarm Total Private Government

Portsmouth NH-ME Metro NECTA

Over-the-MonthOver-the-Year

Total Private Average Weekly Earnings Data

Sector data for the four areas and hours earnings data are available on our website: www.nhes.nh.gov/elmi/statistics/ces-data.htm

Dover-Durham NH-ME Metro NECTA Manchester Metro NECTA

Portsmouth NH-ME Metro NECTA Nashua NH-MA NECTA Division

All Employee Average Weekly Earnings Production Workers Average Weekly Earnings

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 8

MONTHLY ANALYSIS OF CURRENT EMPLOYMENT STATISTICS (CES)

Seasonally AdjustedTotal nonfarm employment increased to 657,500 jobs in March, based on preliminary seasonally adjusted estimates. This was an increase of 4,700 non-farm jobs, of which 4,000 jobs were in private industries. Seven private industry supersectors experienced over-the-month employment gains and three were unchanged from February to March. The private education and health services and the leisure and hospitality supersectors each expanded payrolls by 1,000 over the month. Manufacturing added 900 jobs in March while professional and business services gained 800 positions. The information, financial activities and other services supersectors each added 100 jobs over the month. The mining and logging, construction and trade, transportation, and utilities supersectors were unchanged from February to March 2021. Government employment increased by 700 over the month.Total nonfarm employment in March 2021 remained 31,500 jobs below the pre-pandemic level in February 2020. Professional and business services employment was 3,300 greater in March 2021 than in February 2020, while mining and logging and financial activities were both at the pre-pandemic levels in March 2021. All other supersectors remained below pre-pandemic levels. Despite recent job gains, leisure and hospitality remained 11,400 jobs below the pre-pandemic level and private education and health services was 8,200 jobs lower than the February 2020 level.

3,200

2,000

0

-200

800

0

100

100

0

700

200

300

1,200

-28,600

-25,000

0

-1,200

-3,400

-1,600

-700

0

2,900

-7,600

-10,400

-3,000

-3,600

Total Nonfarm

Total Private

Mining & Logging

Construction

Manufacturing

Trade, Transportation, & Utilities

Information

Financial Activities

Professional & Business Services

Education & Health Services

Leisure & Hospitality

Other Services

Government

Over-the-MonthOver-the-Year

4,700

4,000

0

0

900

0

100

100

800

1,000

1,000

100

700

-24,400

-20,500

0

-900

-3,200

-1,200

-800

-100

3,400

-5,500

-9,000

-3,200

-3,900

Total Nonfarm

Total Private

Mining & Logging

Construction

Manufacturing

Trade, Transportation, & Utilities

Information

Financial Activities

Professional & Business Services

Education & Health Services

Leisure & Hospitality

Other Services

Government

Over-the-MonthOver-the-Year

Seasonally Adjusted March 2021 Change Not Seasonally Adjusted March 2021 Change

Not Seasonally AdjustedPreliminary unadjusted estimates for March 2021 show that total nonfarm employment decreased by 28,600 jobs since March 2020, reflecting the impact on employment due to the coronavirus (COVID-19) pandemic and efforts to contain it. Over-the-year employment losses were experienced in all but three supersectors. Professional and business services had 2,900 more positions in March 2021 than in March 2020. Mining and logging and financial activities were unchanged over the year. Leisure and hospitality experienced the largest decrease, with 10,400 fewer jobs than in March 2020. Private education and health services employment decreased by 7,600, while manufacturing shed 3,400 jobs. Other services decreased employment by 3,000, while trade, transportation, and utilities lost 1,600 jobs. The construction supersector cut 1,200 jobs over the year. Employment in the information supersector was 700 lower in March 2021 than it was in March 2020. Government employment contracted by 3,600 from March 2020 to March 2021, primarily within the local government component.

– Robert Cote, Research Analyst

New Hampshire Economic Conditions - May 2021 www.nhes.nh.gov/elmi

New Hampshire Employment Security, Economic and Labor Market Information Bureau 9

Consumer Price Index

Unemployment Compensation Claims Activity

270 4.0%

1982 – 1984 = 100265 3.5%

260 3.0%

2.5%255

2.0%250

1.5%245

1.0%

2400.5%

235 0.0%

230 Over-the-Year Percent ChangeConsumer Price Index

-0.5%

225 -1.0%

Cons

umer

Pric

e In

dex

Mar

-18

May

-18

Jul-1

8

Sep-

18

Nov

-18

Jan-

19

Mar

-19

May

-19

Jul-1

9

Sep-

19

Nov

-19

Jan-

20

Mar

-20

May

-20

Jul-2

0

Sep-

20

Nov

-20

Jan-

21

Mar

-21

Ove

r-th

e-Ye

ar P

erce

nt C

hang

e

Consumer Price Index United States, All Urban Consumers

New Hampshire Economic Conditions is published monthly in coordination with the Bureau of Labor Statistics and theEmployment Training Administration of the U.S. Department of Labor.

To order publications, visit our website at: www.nhes/nh/gov/elmi, call 603-228-4124or send a written request to the following address:

ELMI PublicationsNH Employment Security

45 South Fruit StreetConcord, NH 03301-4857

NH Employment Security is a proud member of America’s Workforce Network and NH Works.NHES is an Equal Opportunity Employer and complies with the Americans with Disabilities Act.

Auxiliary aids and services are available upon request to individuals with disabilities.

New Hampshire Employment Security Local Offices

Berlin . . . . . . . . . . . . . . . . . 752-5500 Claremont . . . . . . . . . . . . . . . . . 543-3111Concord . . . . . . . . . . . . . . 228-4100 Conway . . . . . . . . . . . . . . . . . . 447-5924Keene . . . . . . . . . . . . . . . . . 352-1904 Laconia . . . . . . . . . . . . . . . . . . . 524-3960Littleton . . . . . . . . . . . . . . . 444-2971 Manchester . . . . . . . . . . . . . . . 627-7841 Nashua . . . . . . . . . . . . . . . 882-5177 Portsmouth . . . . . . . . . . . . . . 436-3702 Salem . . . . . . . . . . . . . . . . . 893-9185 Somersworth . . . . . . . . . . . . . 742-3600

Claims calls: 1-800-266-2252

New Hampshire Employment Security Economic and Labor Market Information Bureau

General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (603) 228-4124www .nhes .nh .gov/elmi

Research Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228-4173Economist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229-4427Covered Employment & Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228-4060Current Employment Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 228-4175Local Area Unemployment Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . 228-4167Occupational Employment Statistics . . . . . . . . . . . . . . . . . . . . . . . . . . . 229-4315

Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21Initial Claims 16,046 9,757 14,329 25,838 16,063 15,463

Continued Weeks Claimed 65,260 58,499 54,685 61,391 56,446 59,313

Average payment for a week of unemployment $274.72 $283.63 $288.75 $279.36 $280.24 $277.26

United States, All Urban ConsumersNot Seasonally Adjusted (CPI-U) (1982-1984=100)

Change From PreviousMar-21 Feb-21 Mar-20 Month Year264.877 263.014 258.115 0.7% 2.6%

Northeast, All Urban ConsumersNot Seasonally Adjusted (CPI-U) (1982-1984=100)

Change From PreviousMar-21 Feb-21 Mar-20 Month Year278.197 276.473 272.531 0.6% 2.1%