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The State of Working New Hampshire

April 27, 2016 State Economy
grocery store cashier smiling

In its present state, the New Hampshire economy offers a number of encouraging signs. Both employment – the total number of people working in the Granite State – and economic output – the value of the goods and services those individuals produce – have been on the rise over the past several years. Yet, the state of working New Hampshire – the circumstances faced by many individual workers and their families – is somewhat less favorable. Moreover, recent years have seen a continuation of a longer-term shift in the types of jobs available in the Granite State, with service sector employment – and the comparatively lower wages associated with it – becoming more prominent.

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Taking the Measure of Need in the Granite State

March 24, 2016 State Economy
mother and sleeping baby at table

New Hampshire’s poverty rate of 9.2 percent was the lowest in the nation in 2014. While that distinction should inspire some pride, it should not engender complacency, for, as a means of assessing economic security, official federal poverty statistics often come up short. Indeed, economists and other analysts have long understood that the federal poverty threshold does not accurately reflect the level of income required to secure basic necessities, particularly in a state like New Hampshire, where the cost of living tends to be higher than in many other parts of the country.

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New Hampshire’s Economy: Moving Forward, but Not Yet Running on All Cylinders

October 26, 2015 State Economy

One of the key issues debated throughout this year’s extended legislative session was the state of the New Hampshire economy and whether changes in business tax rates would help to foster future growth. While this issue dominated budget discussions, an examination of the true state of the economy often seemed missing. As this Issue Brief explains, on one hand, New Hampshire businesses are steadily producing more goods and services and hiring additional workers. At the same time, though, more and more of our fellow residents struggle to provide the basics for themselves, particularly households with children.

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Report Shows Higher Effective Tax Rates for Residents with Low Incomes

18 Oct 2018

tree with coins

Most New Hampshire residents with lower incomes pay a higher percentage of the money they earn in state and local taxes than residents with higher incomes do. In a new report released yesterday, the Institute on Taxation and Economic Policy conducted evaluations of state and local government tax systems in each of the 50 states and modeled their impacts on non-elderly residents. The report concludes that 45 states have tax systems that ask a greater percentage of the incomes of those with low earnings than those with the highest incomes.