ECONOMIC CONDITIONS in New Hampshire

ECONOMIC CONDITIONS

in New Hampshire

January 2001

Volume 101, Number 01

Toxic Release Inventory .............. 2

Vital Signs Released ................ 3

Local Area Unemployment Statistics ............... 5

Current Employment Statistics ............... 6 For Additional Information .......... 8

Business Failures Decreased in 1998

Business starts near 1997 number

D uring 1998 New Hampshire reported 708 business starts and 322 business failures. Roughly

A recently released Bureau of the Census publication, Statistical Abstract of the United States: 1999, included data

the same number of establishments

compiled by the Dun and Bradstreet

started business in the state in 1997 and Corporation on starts and failures. Their

in 1998, while fewer businesses failed in definition of a business start is a "newly

1998 than in 1997.

opened active establishment." Not

included are changes in ownership of

All New England states saw fewer

previously operating businesses; merg-

business closings in 1998 than in 1997. ers; or changes in the business name,

Business starts remained fairly constant location, or legal type.

in all New England states except Massa-

chusetts and Vermont where the num- Business failures are defined as "busi-

bers decreased -9.1 and -10.3 percent, nesses involved in court proceedings or

respectively.

voluntary actions involving losses to

creditors." Not included are businesses

Business Starts Were Similar in 1998 and 1997 - Failures Declined

that "discontinue operations for reasons such as loss of capital, inadequate profits, ill health, retirement, etc." At the

718

708

same time, no firm conclusion may be

reached as to the influence of new

432

business starts on the economy of a

322

region. What is not revealed by these two indicators is the size or type of

business, total employment, value added

of the goods and services produced, and

other related measures of economic

1997

1998

activity.

Elisabeth Picard

Business Starts Business Failures

Business Starts and Failures - New England States

Published by the Economic and Labor Market Information Bureau

Percent Change Business Starts Business Failures Starts Failures

1997 1998 1997 1998 97-98 97-98

Connecticut

2,123 2,069 640 530 -2.5% -17.2%

Maine

570 577 398 259 1.2% -34.9%

Massachusetts 3,766 3,425 1,687 1,200 -9.1% -28.9%

New Hampshire 718 708 432 322 -1.4% -25.5%

Rhode Island

511 544 188 150 6.5% -20.2%

Vermont

291 261 150

80 -10.3% -46.7%

United States 166,740 155,141 84,342 71,857 -7.0% -14.8%

Source: U.S. Census Bureau,

Economic and Labor Market Information Bureau

nhes.state.nh.us/lmipage.htm

Economic Conditions in New Hampshire -- January 2001

nhes.state.nh.us/lmipage.htm

Toxic Release Inventory

S ince 1990 the Environmental Protection Agency has required all manufacturers to report toxic

Despite the jump in total reported toxic releases in New Hampshire, only three states ? Hawaii, Rhode Island, and

releases. By July 1 each year, facilities Vermont ? had lower amounts. The six

must report their estimated amounts of New England states were among the

releases and other waste management of eight lowest releasing states. Delaware

toxic chemicals for the preceding calen- was sidled between Massachusetts and

dar year. Beginning in 1998 seven

Connecticut.

nonmanufacturing industries were

added. Only two, electric utilities that Nevada and Arizona had the largest

combust coal and/or oil and chemical

releases ? 1.27 billion pounds and 1.07

wholesalers, relate to New Hampshire. billion pounds, respectively. In both

These additions, however, effectively

cases over a billion pounds were added

increased the New Hampshire release by with the inclusion of the new industries,

a factor of nearly two and a half.

specifically mining. Nearly all these

releases were on-site land releases.

Three electric facilities, Merrimack

Conversely, nearly all the New Hamp-

Station in Bow, Schiller Station in

shire releases were on-site air emissions.

Portsmouth, and Newington Station combined for nearly all the releases.

Martin Capodice

The number one toxin emitted by these

facilities was hydrochloric acid --

3,072,000 pounds -- bringing the

total of that substance reported to the EPA from New Hampshire facilities to 3,335,600.

New Hampshire Most Affected of New England States by Added Industries

16

Sulfuric acid was second with 740,000 pounds added to 125,611 reported by manufac-

14 12

7.7 0.1

Pounds in Millions

turers. The added reporting industries did not affect any other New England state to a similar degree. Massachusetts' was closest with their reported

10 2.4

8

6 4.1 4

7.5

7.3

9.6

2 3.0

0

Added Industries Manufacturers

0.5 1.7

0.0 0.4

release nearly doubling. Ver-

NH

CT

MA

ME

RI

VT

mont did not report any releases

Toxic Waste Released in New England States

from the added industries.

Top 10 Toxic Chemicals Released in New Hampshire

Manufacturing Electric Utilities Total Pounds

Chemical

Pounds

Pounds

Released

Hydrochloric Acid

263,600

3,072,000

3,335,600

Sulfuric Acid

125,611

740,000

865,611

Methanol

581,499

504

582,003

Xylene (mixed isomers)

305,109

0

305,109

Ammonia

209,388

4,400

213,788

Hydrogen Flouride

0

206,600

206,600

Methyl Ethyl Ketone

196,677

0

196,677

Toluene

178,372

0

178,372

Ethylbenzene

109,732

0

109,732

Manganese Compounds

102,407

4,764

107,171

2

Economic and Labor Market Information Bureau

nhes.state.nh.us/lmipage.htm

Economic Conditions in New Hampshire -- January 2001

Vital Signs: Economic and Social Indicators for New Hampshire, 1996-1999,

69 pages, January 2001

Total wages paid by New Hampshire

and Social Indicators for New Hampshire

employers reached $19.0 billion in 1999. 1996-1999. This publication examines

New Hampshire's average annual

the New Hampshire economy over the

unemployment rate of 2.7 percent for four-year span with narrative and graphs

1999 was again the lowest it has been showing trends and developments.

since 1988. New Hampshire ranked first

in New England in export growth for

This and other ELMI publications are

1999. Both Morgan Quitno Press and available by calling (603) 228-4124; by

the UnitedHealth Group Center rated accessing our Web site at

New Hampshire healthiest state in

nhes.state.nh.us/lmipage.htm; or

2000. New Hampshire had the lowest by sending a request to:

total crime index in the nation for the

second year in a row.

ELMI Publications

These statistics are examples of 700 indicators found in Vital Signs: Economic

NH Employment Security 32 South Main Street Concord NH 03301

Vital Signs Released

Unemployment Compensation Claims Activity

Total Regular Unemployment Compensation Programs:

Initial Claims Continued Weeks

Nov-00 2,859 8,487

Oct-00 Nov-99 1,649 2,398 8,033 10,104

Change from Previous

Month

Year

Net Percent Net Percent

1,210 73.4% 461 19.2%

454 5.7% (1,617) -16.0%

Claims Activity

Unemployment Compensation Fund, November 2000

Unemployment compensation fund balance at the end of November: Average payment for a week of total unemployment: Net benefits paid: Net contributions received during the month: Interest Received:

$324,265,518.16 $220.80

$1,372,565.31 $2,425,775.51

$0.00

Trust Fund

20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000

0

Continued Weeks Claimed

Nov-98 through Nov-00

For the third consecutive year both initial and

continued claims rose in November over October. Many of the initial claims originated in Manchester.

Nov-98 Feb May Aug

Nov-99 Feb May Aug

Nov-00

Nov-00 174.1

Oct-00 174.0

change from previous United States

Nov-99 Month Year All Urban Areas (CPI-U)

168.3

0.1%

3.4% (1982-1984=100)

Economic and Labor Market Information Bureau

Consumer Price Index

3

Economic Conditions in New Hampshire -- January 2001

N.H. and U.S.

Seasonally

Adjusted

4.5%

Unemployment 4.0%

Rate

3.5%

3.0%

Despite having the lowest

unemployment rate

2.5%

recorded for the state, New Hampshire fell short 2.0%

of having the lowest rate

in the region.

Jul-00 Aug-00 Sep-00 Oct-00 Nov-00

nhes.state.nh.us/lmipage.htm

Unemployment Rates by Region

U.S. Mass. N.E. N.H.

preliminary revised Nov-00 Oct-00 Nov-99

United States

Northeast New England Connecticut Maine Massachusetts New Hampshire Rhode Island

Vermont

Mid Atlantic New Jersey New York Pennsylvania

4.0%

3.8% 2.4% 1.7% 2.5% 2.6% 1.8% 3.6%

2.8%

4.3% 4.0% 4.6% 4.2%

3.9%

3.8% 2.5% 2.0% 3.5% 2.4% 2.5% 3.3%

2.7%

4.2% 3.8% 4.4% 4.2%

4.1%

4.2% 3.2% 2.9% 3.7% 3.3% 2.5% 3.9%

2.8%

4.6% 4.4% 4.9% 4.2%

Labor Force Estimates

By Place of Residence

Jul-00 Aug-00

New Hampshire

Unemployment Rate

3.1%

2.9%

Civilian Labor Force 686,440 683,970

Number Employed 665,450 664,190

Number Unemployed 20,990

19,780

United States (in thousands)

Unemployment Rate

4.0%

4.1%

Civilian Labor Force 140,399 140,742

Number Employed 134,749 134,912

Number Unemployed

5,650

5,829

Sep-00

2.4% 683,760 667,330

16,430

3.9% 140,639 135,161

5,477

revised

Oct-00

2.5% 686,990 669,810

17,180

3.9% 140,918 135,422

5,496

preliminary

Nov-00

1.8% 681,810 669,860 11,950

4.0% 141,052 135,373

5,679

Seasonally Adjusted Nonfarm Employment

By Place of Establishment

Industry

Jul-00 Aug-00 Sep-00

revised

Oct-00

preliminary

Nov-00

TOTAL ALL INDUSTRIES Mining*

610,200 610,900 613,300 612,300 614,100

500

500

500

500

400

Construction Manufacturing

Durable Goods

26,200 106,000 75,800

26,000 26,100 106,100 106,200 76,200 76,300

26,200 106,100 76,300

26,100 106,300 76,600

Nondurable Goods Transportation and Public Utilities Trade

Wholesale Trade

30,200 20,900 160,900 32,000

29,900 19,900 162,100 31,700

29,900 21,600 161,900 32,300

29,800 21,700 162,300 32,300

29,700 21,300 162,800 32,700

Retail Trade

128,900 130,400 129,600

Finance, Insurance, and Real Estate 32,900 32,700 32,800

Services

179,800 180,400 180,700

130,000 32,900 179,600

130,100 33,000 181,000

Government

83,000 83,200 83,500 83,000 83,200

* Since N.H. mining employment exhibits no clear seasonal pattern, these estimates are not adjusted.

4

Economic and Labor Market Information Bureau

nhes.state.nh.us/lmipage.htm

Economic Conditions in New Hampshire -- January 2001

Labor Force Estimates

New Hampshire Number of Workers

Total Civilian Labor Force Employed Unemployed

Unemployment Rate (% of labor force)

Nov-00 Oct-00 Nov-99 preliminary revised

683,680 683,040 676,710 670,940 668,430 659,070

12,740 14,610 17,640

1.9%

2.1% 2.6%

Unemployment Rates by Area

Local Area Unemployment

Statistics (LAUS)

Not Seasonally Adjusted

Nov-00 Oct-00

preliminary

revised

U.S. and Regional States

United States

3.8%

3.6%

Northeast

3.6%

3.5%

New England

2.2%

2.3%

Connecticut

1.6%

2.0%

Maine

2.6%

3.0%

Massachusetts

2.3%

2.1%

New Hampshire

1.9%

2.1%

Rhode Island

3.1%

3.4%

Vermont

2.6%

2.4%

Mid Atlantic

4.1%

3.9%

New Jersey

3.6%

3.5%

New York

4.3%

4.3%

Pennsylvania

4.1%

3.8%

Labor Market Areas (NH Portions Only)

Berlin LMA

2.8%

2.0%

Seabrook-South Hampton, NH

Portion Boston MA-NH PMSA

4.1%

4.7%

Claremont LMA

1.6%

1.7%

Colebrook LMA Concord LMA

5.2% 1.4%

2.4% 1.6%

Conway LMA NH Portion Hartford-Lebanon

1.9%

2.2%

VT-NH LMA

1.1%

1.2%

NH Portion Keene-Brattleboro NH-VT LMA

1.6%

2.0%

Laconia LMA

1.5%

1.8%

Lancaster LMA

3.0%

2.4%

Salem-Derry, NH Portion Lawrence

MA-NH PMSA

3.1%

3.6%

Littleton LMA

2.8%

1.9%

Pelham, NH Portion Lowell MA-NH

PMSA

3.1%

3.5%

Manchester LMA Nashua LMA

1.5% 2.0%

1.8% 2.4%

Peterborough LMA Plymouth LMA

1.9%

2.0%

1.3%

1.4%

NH Portion Portsmouth-Rochester, NH-ME PMSA

1.5%

1.9%

Belknap Carroll

Counties

1.5% 2.0%

1.7% 2.2%

Cheshire Coos

1.8% 3.4%

2.2% 2.2%

Grafton Hillsborough

1.5%

1.4%

1.8%

2.1%

Merrimack Rockingham

1.4% 2.4%

1.5% 2.8%

Strafford Sullivan

1.6%

2.1%

1.6%

1.7%

Economic and Labor Market Information Bureau

Nov-99

3.8% 4.0% 2.9% 2.7% 3.8% 2.9% 2.6% 3.4% 2.5% 4.4% 4.0% 4.7% 4.0%

5.3%

4.0% 2.4% 8.2% 1.8% 2.5%

1.0%

2.1% 2.3% 5.0%

4.2% 3.8%

5.1% 2.2% 2.7% 2.4% 2.7%

2.1%

2.2% 2.4% 2.3% 5.8% 2.0% 2.5% 1.9% 3.3% 2.0% 2.5%

By Place of Residence

Unemployment rates in the New Hampshire portion of its Labor Market Areas (LMA) and Primary Metropolitan Statistical Areas (PMSA)

November Unemployment Rate

Colebrook LMA

5.2%

Less than 1.5% 1.6% to 2.5% 2.6% to 3.5% Greater than 3.5%

Lancaster LMA 3.0%

Berlin LMA 2.8%

Littleton LMA 2.8%

Plymouth LMA 1.3%

Conway LMA 1.9%

Lebanon area

1.1%

Laconia LMA 1.5%

1.6% Claremont LMA

Concord LMA 1.4%

NH portion Portsmouth-

Rochester, NH-ME PMSA

?

1.5%

NH portion Keene-

Brattleboro, NH-VT LMA

1.6%

1.5%

Manchester

Peterborough PMSA

Salem -

LMA

Area

1.9%

2.0%

3.1%

? Seabrook,

Nashua PMSA

South Hampton towns

?Pelham

4.1%

3.1%

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download