CONCORD – House Speaker William O’Brien (R-Mont Vernon) and House Majority Leader D.J. Bettencourt (R-Salem) today offered the following comment on news released by Department of Employment Security showing that the unemployment rate statewide dropped to 5.2%, as the number of employed residents increased by 3,050. Most notable in the data is the fact that, in November, there were 707,960 New Hampshire residents working, the highest number since December of 2008, at the start of the recession, according to the U.S. Department of Labor, Bureau of Labor Statistics. Additionally, the total labor force increased by 2,030, a sign that discouraged workers are reentering the job market.
House Speaker William O’Brien
“Nationally, the unemployment rate dropped because over 300,000 Americans got discouraged and gave up trying to find work. In New Hampshire, we bucked that national trend and over 2,000 workers rejoined the work force. With over 3,000 new jobs created last month alone, we now have more people working statewide since the recession began. This shows that the strong business environment of lower taxes and sensible regulation that the Legislature is building gives employers across the state the confidence to add jobs. New Hampshire is sending a message to the nation for getting our economy moving again, without big government stimulus packages or bailouts but instead with sound fiscal policy. However, with over 38,000 of our friends and neighbors unemployed, we still have work to do.”
House Majority Leader D.J. Bettencourt
“It’s very encouraging to see that previously timid business owners are now starting to feel stability in the New Hampshire business environment. With more than 100 new taxes and fees added under the previous four years of Democrat control in New Hampshire, our businesses didn’t know what else might be coming and had braced themselves for more crushing government regulations. As a result, many of them stopped hiring workers, laid off employees, and some even closed their doors. We hope Washington will take a lesson from New Hampshire that our promise not to raise or implement one tax or fee, while passing 43 bills that reduce or eliminated regulations on businesses, and cutting 12 taxes and fees this year has been a winning formula for job growth.”