Entries in Unemployment (272)
Concord, NH – Senate President Chuck Morse, R-Salem, issued the following statement today regarding the state’s unemployment rate declining to 4.7-percent:
“When Republicans took control of the Senate in November of 2010, the state’s unemployment rate stood at 5.8-percent. Since then, we have cut spending and balanced two budgets without increasing taxes or fees, reformed and improved our business statutes for small and large employers, and updated the state’s three tax credit programs, including doubling and making permanent the Research and Development Tax Credit.
“These policies have given businesses the confidence they need to locate, expand, and create jobs in New Hampshire, and as a result the number of residents employed has grown by nearly 15,000. As this legislative session continues, Senate Republicans will remain focused on policies that will further encourage job growth to ensure that every Granite Stater who seeks a job in our state can find one.”
March 7, 2014, Fairfax, Va.—Americans for Limited Government President Nathan Mehrens today issued the following statement on the latest jobs numbers:
"The two, distinct surveys that the Bureau of Labor Statistics produces that create the unemployment report continue to produce contradictory information. The Household report that produces the unemployment rate shows an economy that is dead in the water with a paltry 43,000 more people employed last month, and a stunning 223,000 more people unemployed. This dismal snapshot of the economy contrasts with the Establishment report where businesses provide the government their hiring statistics, where it is reported that 162,000 private sector jobs were created with a total of 175,000 when government hiring is included.
"Either report individually would lead any rational person to a completely different conclusion of where the economy stands, but when put together, they merely confirm that our nation's economic situation is murky at best, and with the threat of Obamacare implementation, the threat of a minimum wage increase which is estimated to kill 500,000 more jobs, and the continued war on energy development being conducted by the EPA, it is amazing that the private sector has fought through these government created obstacles to produce even this meager economic stalemate."
To view online: http://getliberty.org/unemployment-situation-muddled/
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.
Concord - New Hampshire Democratic Party Chair Ray Buckley released the following statement on New Hampshire's continued economic rebound after the unemployment rate dropped below 5% yesterday.
"The New Hampshire economy continues to rebound from the terrible recession at the end of President Bush's time in office. Responsible Democratic leadership at the state and federal level has made investing in the priorities that grow jobs and strengthen our New Hampshire workforce a top priority.
This news is a welcome change and stark contrast to the two years of Tea Party ideology that forced New Hampshire backwards to the failed policies of the past. Disgraced former Speaker Bill O'Brien and his followers made the largest cut to public higher education in American history, attacked infrastructure investment, and fought to block access to basic health care services for women and families. New Hampshire families and small businesses can't afford to return to those misguided policies."
Eagle Tribune: N.H. unemployment below 5 percent
By John Toole
March 5, 2014
CONCORD — As New Hampshire’s unemployment rate fell below 5 percent for the first time in more than five years, a House panel yesterday voted to boost unemployment benefits for most recipients for the first time in a decade.
New Hampshire Employment Security announced the preliminary seasonally adjusted unemployment rate for January was 4.9 percent, a decrease of 0.3 percent from the revised December number of 5.2 percent.
Economist Annette Nielsen with the agency’s Economic and Labor Market Information Bureau said the last time New Hampshire’s unemployment was below 5 percent was more than five years ago.
“It’s been back to December 2008,” Nielsen said.
Then, at the outset of “The Great Recession,” the state saw unemployment of 4.8 percent.
New Hampshire unemployment during the recession peaked at 6.7 percent from October 2009 to January 2010, she said.
“It still seems to me New Hampshire is on track to add about 5,000 jobs annually, which will get us back to the pre-recession peak by the spring or summer,” said economist Dennis Delay of the New Hampshire Center for Public Policy Studies.
The state had unemployment at 3 to 4 percent from 2004 to 2008. It was at 7.6 percent in the 1991-1992 recession. The worst recorded since 1969 was 8.3 percent in 1975, during the oil crisis.
Yesterday, the House Labor, Industrial and Rehablitative Services Committee voted, 17-0, to recommend passage of House Bill 1499, increasing the maximum weekly benefit for unemployment.
“We were very pleased to see such positive, bipartisan support for this bill,” said Sarah Mattson, who has advocated on behalf of the bill for New Hampshire Legal Assistance and the New Hampshire Kids Count Coalition.
The state has in recent years has increased some benefit tiers, but not done so comprehensively in the last decade, she said.
It would represent a range of weekly increases of $3 to $25, depending on the recipient, she said.
“This is a needed increase,” Mattson said.
She described it as a modest proposal providing increases of 1 to 10 percent, depending on the recipient and qualifications.
“This will mean the ability to fill up a gas tank one more time per month,” she said. “This is money going straight back into the economy.”
The bill originated in the state’s department of Employment Security.
Mattson credited Commissioner George Copadis. She said the bill has the support of the governor.
Yesterday’s newly released unemployment figure just underscores the bill’s importance, Mattson said.
“There are still a lot of people who can’t find work,” she said.
Allison O’Neil of Manchester, stopped at a gas station in Londonderry, said more needs to be done for those who want work.
O’Neil said she’s been out of work for months and repeatedly told she’s overqualified for jobs.
She complained about the black hole of Internet applications that keep her from following up with a real hiring person or recruiters who admit they don’t look at cover letters.
“Where are the jobs?” O’Neil asked.
Would you sell your belongings to pay for gas to drive to a job interview? Can you imagine being forced to decide between eating breakfast or taking a critical medication? For far too many people today, this is not imaginary. This is reality.
Millions of unemployed people in New Hampshire and across our country are struggling just to get by because the unemployment insurance that helps THEM make ends meet has not been extended.
This is simply unacceptable.
Especially when Republicans in Congress could relieve the pain of millions right now by passing an extension of unemployment insurance. But instead of helping, congressional Republicans are obstructing.
In New Hampshire alone, 1,100 people, including moms and dads, are going without money they depend on to feed their kids, pay for medicine and keep a roof above their heads. Across America, this number could climb to 4.5 million people.
This is why we are standing together to ask for your help to get this done. Granite State families cannot afford to wait any longer.