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Job Growth Slowed in New Hampshire During 2017

June 11, 2018 Common Cents
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The rate jobs were added to the economy in New Hampshire during 2017 was considerably lower than during 2016, suggesting fewer additional jobs are being filled in the state. This slowing in job growth from the higher levels seen during 2015 and 2016 may reflect that, in a growing economy with a low unemployment rate, many employers are having difficulty finding workers to fill positions.

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May Revenues Show Rebounding Real Estate Transfer Tax

June 8, 2018 Common Cents
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State revenues were closer to expectations in May after three months of abnormal receipts, with most major sources bringing in about as much revenue as planned for May and the largest deviation coming from a rebounding Real Estate Transfer Tax. Although May is not an important month for the state’s two main business taxes, receipts from these two sources only contributed modestly to the surplus and showed a small decline from May of last year.

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Legislature Spends Most of Surplus, Raising Questions for Next Year

May 24, 2018 Common Cents
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On May 23, the Legislature passed several bills with fiscal impacts, including the omnibus spending bill that behaved like a miniature budget this legislative session. The total expenditures passed amount to approximately $129.1 million in new General and Education Trust Funds spending, with additional expenditures outside of these two funds and certain changes to revenues. This total is quite substantial for a non-budget year and reflects the Legislature’s willingness to use the large revenue surplus, collected primarily from the previous three months, without leaving a significant cushion for the second fiscal year of the State Budget. With abnormally high revenues not expected to be sustained, the Legislature is leaving fewer available resources for State Budget negotiations and any unanticipated costs next year.

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Job Growth Slowed in New Hampshire During 2017

11 Jun 2018

tree with coins

The rate jobs were added to the economy in New Hampshire during 2017 was considerably lower than during 2016, suggesting fewer additional jobs are being filled in the state. This slowing in job growth from the higher levels seen during 2015 and 2016 may reflect that, in a growing economy with a low unemployment rate, many employers are having difficulty finding workers to fill positions.