NH Public Policy
New Hampshire Center for Public Policy Studies

Greg Bird's Presentation to Mt. Washington Valley Economic Council

Executive Summary

Date: February 2nd, 2017

The New Hampshire economy is in great shape. Businesses are adding workers at a pace not seen since 2001, rivaling Massachusetts for the fastest growing private sector within New England. Various measures of unemployment have steadily declined and are nearing record low levels, signaling that any resident who is willing and able can likely find work. These positive signs from the labor market appear to be flowing through to the pocketbooks and consumer psyches of Granite State households.

Nevertheless, these healthy economic advances are not being experienced throughout the state, but have been isolated to those cities and towns closely linked to the Boston metro economy. In fact, many parts of rural New Hampshire have recovered very little, if at all, from the Great Recession. Carroll County is in the latter category.