New Hampshire’s economy has been ranked number one in New England, with one of the highest job creation rates in the entire Northeast, according to a new analysis of Bureau of Labor Statistics data. The state has seen a surge in payrolls since January 2020, outpacing its neighbors like Massachusetts and Vermont. Governor Chris Sununu and the legislature’s pro-growth policies have been credited for the state’s economic success.
New Hampshire has consistently ranked well in various categories, including economic freedom, return on investment for taxpayer dollars, and overall quality of life. The state also has one of the lowest unemployment rates in the country at 2.5 percent. This success has led to a debate among gubernatorial candidates on the best path forward for the state, with differing viewpoints on tax cuts and regulatory relief.
Business owners in New Hampshire are being praised for their contributions to the state’s economic recovery, along with the state’s low and stable taxes. However, challenges remain, such as workforce shortage, lack of housing, and high energy costs. The Business & Industry Association is working to address these issues and build a stronger business climate for the future.
Overall, New Hampshire’s economic achievement has been attributed to a collaborative effort between public officials, businesses, and community leaders. By maintaining low taxes, fostering communication, and working towards pragmatic solutions, the state has been able to create a supportive environment for businesses to thrive and grow.
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Photo credit nhjournal.com
