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Entries in Jobs (468)

Wednesday
Sep242014

Josiah Bartlett Center - The State's Job Problem Can't be Fixed by Changing One Thing 

Weekly Update from the
Josiah Bartlett Center


Keeping you up to date on our latest research
on the issues impacting New Hampshire

 
 

The biggest problem with the anemic job growth New Hampshire has been saddled with for the last decade is not the lack of jobs but the forlorn hope of policymakers that there is one silver bullet that will fix everything.

It used to be true (and is no longer) that New Hampshire grew faster than most states when the economy was strong and came back from recessions before other states and more aggressively than other states. The explosive growth of jobs in the 1970s, the 1980s, and at least to some extent the 1990s was something we took for granted and defined what we perceived as the dynamic economic character of the state.

In the 1980s, New Hampshire’s economy went through an explosive boom cycle. At our job creation peak there were more jobs than available workers – we were the North Dakota of our time. For example, from 1983 to 1989 the number of jobs in New Hampshire increased by 28% in just six years....Click here to keep reading

 
Wednesday
Sep172014

NHGOP CALLS ON MAGGIE HASSAN TO HOLD TOWN HALL ON NEW HAMPSHIRE ECONOMY 

Concord - New Hampshire Republican State Committee Chairman Jennifer Horn today called on Governor Maggie Hassan to hold a town hall meeting on the state of New Hampshire's economy, in light of her recent comments regarding economic growth in the state:

 

"Maggie Hassan should be honest with her constituents about the dismal state of the economy in New Hampshire, instead of misleading them by saying that she has seen 'great growth' during her time in the corner office in Concord," said NHGOP Chairman Jennifer Horn. "Maggie Hassan should immediately hold an open, transparent town hall event to discuss the real challenges facing New Hampshire's economy, so that Granite Staters can hold her accountable for her reckless and abysmal tenure as governor."   

 

Maggie Hassan's big government, tax and spend policies are significantly hurting New Hampshire's economy, as the state economy grew by only half the national average in 2013.  Further, Maggie Hassan's regulation heavy agenda is creating an unfriendly environment for business in the state, as evidenced by the state's drop to 30th best for business, a significant change from the rating of 19th best state for business when she was elected in 2012.

 

BACKGROUND

 

Maggie Hassan believes that the economy has seen "great growth" during her tenure as governor. "We are seeing great growth, and we are moving forward," Hassan said. (Josh McElveen, "Havenstein attacks Hassan on economy," WMUR, 9/15/2014)

 

New Hampshire's economy grew by only 0.9% in 2013, down from 1.2% in 2012 and severely behind the national average of 1.8% growth in 2013.  (U.S. Department of Commerce Bureau of Economic Analysis, Widespread but Slower Growth in 2013, 6/11/2014)

 

Under Governor Maggie Hassan, New Hampshire has fallen from the 19th best state for business to the 30th best state for business according to CNBC.  (America's Top States for Business, CNBC, Accessed 9/16/2014)

Tuesday
Sep092014

ALG's Daily Grind - The best social program remains a job 

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Sept. 8, 2014

Permission to republish original opeds granted.

The best social program remains a job
The recession and the loss of millions of jobs drove 20 million new individuals onto the welfare rolls. The way out is to create new, full-time jobs. The minimum wage is a sideshow.

September's closing argument for election 2014
With a limited calendar, the Democratic Party controlled Senate and the Republican Party controlled House will each be trying to put their best foot forward to justify being returned to office.

Mr. President, what about a campaign-style push to talk up America for a change?
One role of the presidency is to be a cheerleader for the U.S. Imagine if President Obama had done this—instead of an apology tour.

Ferecchio: Budget cuts may have spared key IRS emails
"A top Republican on the House Oversight and Government Reform Committee said he has learned that key lost emails sent by Lerner, a former IRS administrator accused of targeting conservatives, may be preserved somewhere within 760 exchange servers that were supposed to be destroyed two years ago."

Friday
Sep052014

ALG - Labor force exodus continues 

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Sept. 5, 2014, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement on the latest jobs numbers:

 

"In the midst of what Obama continues to claim is an improving economy, in August only 80,000 fewer people were unemployed than in the previous month.  Of those, 64,000 gave up on trying to get a job entirely and are no longer counted, with only 16,000 actually getting a job.  Incredibly the unemployment rate went down in spite of this disastrously bad employment report because all together 268,000 fewer Americans were counted as being in the labor force at all.  If our nation's economy continues along this path we will reach full employment because no one is actually being counted as being in the labor force."

 

To view online: http://getliberty.org/labor-force-exodus-continues/

 

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Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please visit our website at www.GetLiberty.org.

Wednesday
Sep032014

NHDP - Following Labor Day, Failed CEO Walt Havenstein Needs to Explain to NH Workers Why He Fudged the Job Numbers in His Economic “Plan”

Havenstein's "Plan" Distorts Job Creation Numbers in Attempt to Mislead Voters; Hides Fact that NH is Already on Pace to Create 25,000 Private Sector Jobs in Two and a Half Years  
Manchester, NH – Following Labor Day, failed CEO Walt Havenstein needs to explain to New Hampshire workers why he fudged the job numbers in his economic “plan.” Havenstein's so-called "plan" promises to create25,000 private sector jobs in two and a half years. But by using misleading numbers to calculate the current rate of job-creation, Havenstein tries to hide the fact that New Hampshire's economy is already on pace to create 25,000 jobs in the same amount of time. 
 
Though Havenstein's "plan" uses misleading and unsound methodology to claim that New Hampshire created 4,500 jobs over the past year, an honest accounting reveals that New Hampshire's economy actually created 10,400 private sector jobs between June 2013 and June 2014.
 
"It should come as no surprise that Havenstein botched his own economic 'plan' given that as CEO of SAIC, his last attempt to implement a 'plan' drove the company into the ground, as SAIC lost millions of dollars and thousands of jobs,” said New Hampshire Democratic Party Deputy Communications Director Bryan Lesswing. “The truth is that under Governor Hassan's leadership, New Hampshire's job-creators are already on pace to hit Havenstein's targets. Havenstein's Koch Brothers 'plan' would just pad the profits of multi-national corporations while undermining our economic progress and hurting New Hampshire's middle class families and small businesses."  
 
A closer look at the numbers behind Havenstein’s “plan” reveals a misleading and unsound methodology. Havenstein not only cherry-picked seasonally-adjusted jobs number to calculate New Hampshire’s current rate of job creation, but he also incorporates government job losses to drive the number down to his claimed 4,500 figure.
 
According to the Bureau of Labor Statistics’ own guidance, “annual average estimates are calculated from the not seasonally adjusted data series.” Meaning the most accurate number of private sector jobs created from June 2013 to June 2014 is 10,400 (non-seasonally adjusted, non-government jobs). By this measure, New Hampshire’s economy is already on pace to exceed Walt's target in the same amount of time. 
 
BACKGROUND
 
The revelations over Havenstein’s misleading and unsound methodology come as criticism of his “plan” mounts. 
 
An editorial in today's Concord Monitor notes, “Havenstein, if elected, would push to lower the state’s Business Profits Tax from 8.5 percent to 7.4 percent, something that he magically believes would create 25,000 new jobs. He offers no evidence to support that belief, and history suggests it’s misplaced." 

In a fact check of Havenstein’s“plan,” the New Hampshire Fiscal Policy Institute points out that the business tax giveaways in Havenstein’s so-called “plan” would “reduce tax revenue by as much as $90 million per biennium.” And as NHFPI notes, “Business tax cuts, if not offset by increases in other taxes, will lead to reductions in the public services on which both residents and businesses rely.”
 
The Union Leader’s Garry Rayno also highlighted how Walt’s economic “plan” to lower the Business Profits Tax would largely benefit multi-national companies, while not helping New Hampshire small businesses and local job creators. 
 
And in a Nashua Telegraph Op-Ed, Mark Connolly described Havenstein’s “plan” as, “more slogan than reality” and possessing “no basis in economic reality,” likening it to GOP presidential candidate Herman Cain’s failed “9-9-9” idea.
 
For full New Hampshire employment numbers from the Bureau of Labor Statistics see below or here

 

New Hampshire not seasonally adjusted non-farm jobs
June 2013: 649,300
June 2014: 658,500
Change:  +9,200
 
New Hampshire not seasonally adjusted government jobs
June 2013: 88,400
June 2014: 87,200
Change: -1,200
 
New Hampshire not seasonally adjusted private sector jobs (total non-farm minus total government jobs)
June 2013: 560,900
June 2014: 571,300
Change: +10,400 jobs