Concord - Today, the Union Leader reported that over the first two months of the year state revenues are coming in higher than expected, which is another positive sign for New Hampshire's rebounding economy.
The Department of Administrative Services' Commissioner Linda Hodgdon attributed this good news to a positive outlook by New Hampshire's business owners. And she added that it appears they are expecting to see an increase in their revenues from the past year.
"The fact that New Hampshire is leading the national economic recovery is a reflection of the responsible and steady leadership of Governor Lynch and our Democratic majorities in the House and the Senate," said Harrell Kirstein, press secretary for the New Hampshire Democratic Party. "The Republican spin machine that has been claiming that New Hampshire is ruined for the past year has suddenly gotten very quiet. Apparently, even they are beginning to accept the fact that we are weathering this national recession better than most every other state."
Today's report also echoes other recent positive news for the Granite State economy. During the past year, New Hampshire had the second fastest growing job market in the country. While nationally many jobs were lost, in New Hampshire more than 10,000 new jobs were created.
That includes more than 8,000 New Hampshire jobs that were created by the American Recovery and Reinvestment Act since it was passed in January of 2009. And recent reports show that New Hampshire's unemployment rate continued to fall for the 5th straight month in row, bringing it nearly 40% below the national rate, and "ridiculously low" according to MSNBC. (Nashua Telegraph, 8/17/2010; msnbc.com)
A link to full article in today's Union Leader can be found here.