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The COVID-19 Crisis in New Hampshire: Initial Economic Impacts and Policy Responses

April 14, 2020 State Economy
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The COVID-19 crisis presents an extraordinary challenge for the Granite State. Necessary efforts to protect public health and slow the spread of the 2019 novel coronavirus have dramatically altered daily life in New Hampshire and across the country. This is both a health and an economic crisis, and the negative effects are greatest on many of New Hampshire’s most vulnerable residents. Rapid declines in economic activity have led to an unprecedented rise in unemployment and threatened the financial security of tens of thousands of Granite Staters. While the economic damage is vast, continued measures to slow the spread of the 2019 novel coronavirus are in the best interest of residents and the economy in the long term.

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COVID-19 Resource Page: Impacts and Challenges in New Hampshire

March 25, 2020 State Economy

The impacts of the COVID-19 crisis will affect New Hampshire residents in many ways, from both the immediate health and financial impacts to long-term economic consequences. NHFPI will continue to publish resources examining issues related to the COVID-19 crisis, including health policy, economic security supports for Granite Staters, economic trends, state revenues, the effects of federal policy responses, and the services supported through the State Budget.

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New Hampshire’s Numbers: Resource Inequities by County and Population Group in 2014-2018

February 7, 2020 State Economy
Map of poverty rates by NH county

Estimates from the U.S. Census Bureau’s annual American Community Survey provide insights into the economic conditions of New Hampshire residents. Estimates released in December 2019 average responses over the five-year period, from 2014 to 2018, which allows for more certainty among smaller population groups than annual data alone. This Fact Sheet provides poverty rate and median household income data for New Hampshire counties as well as the statewide poverty rates for various population groups.

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New Data Provide Insight into Extensive Economic Impacts and Income Losses from the COVID-19 Crisis

3 Jun 2020

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The challenges facing Granite Staters due to the COVID-19 crisis are unprecedented, and data continue to suggest the negative effects of this crisis are concentrated on those who are most vulnerable. New survey data indicate nearly half of New Hampshire households have lost employment income since March 13, and one in six have either missed or are likely to miss a monthly housing payment. Caseload data show that 198,905 new initial unemployment claims were generated in New Hampshire during the week ending March 15 through May 23. The preliminary seasonally-adjusted unemployment rate reached 16.3 percent in New Hampshire during April 2020, which is the second-highest among the New England states. Many Granite Staters appear to have lost employer-sponsored health insurance as well. These economic effects have led to increased needs for nutrition assistance and support from other aid programs. While the full effects of the crisis remain uncertain, key indicators provide valuable insights and comparisons between the current COVID-19 crisis, the period immediately before this crisis, and the Great Recession of 2007 to 2009.

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