Here's how unemployment in Belknap County, New Hampshire compares

Written by:
February 13, 2024

Here's how unemployment in Belknap County, New Hampshire compares

Belknap County's unemployment rate in December was 2.5%—ranked #6 highest out of 10 in the state.

Nationally, unemployment has leveled with pre-COVID rates, measuring between 3.5% and 4% for most of the past two years. Bureau of Labor Statistics data showed a 3.7% unemployment rate in January. Previously, unemployment skyrocketed to 14.7% at the height of the COVID-19 pandemic in April 2020, and those rates remained elevated through late 2021.

Though national unemployment has mostly normalized, local economies vary widely. Stacker used Bureau of Labor Statistics data to analyze unemployment in Belknap County over time, and how it stacks up within New Hampshire and across the nation.

The unemployment rate in Belknap County is 1.2 percentage points below the national level, and equal to the state level. It ranks #6 among counties in New Hampshire—ranked first by the preliminary December 2023 unemployment rate, then breaking ties by the number of unemployed people. It trails behind Cheshire County, with an unemployment rate of 2.6%, but surpasses Merrimack County (2.2%).

In real terms, it means an estimated 748 of Belknap County's approximately 30,257 working residents are out of a job at the moment. That's 7 fewer than last month and 45 fewer than a year ago. Some economists fret another recession may be on the horizon, which would drive unemployment up with business closures and layoffs.

This story was produced using automation across 3,100 counties, boroughs, and parishes, based on writing and data reporting by Paxtyn Merten.

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