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Tuesday, May 19, 2009

State unemployment rate remains steady

In the Nashua Telegraph, Ashley Smith reports that New Hampshire's unemployment rate edged up 0.1% to 6.3% in April:
The N.H. jobless rate increased just one-tenth of a percentage point to 6.3 percent, despite significant increases every month from December to March. However, experts are very cautious about calling that any kind of improvement. Comparatively, 6.3 percent is still a very high unemployment rate for New Hampshire.

“It’s still pretty bad for the state,” said Annette Nielsen, an economist for the New Hampshire Labor Market Information Bureau. “Compared to last year at this time, there’s still 19,080 more unemployed people.”

Nielsen also said it’s impossible to predict an economic recovery after one month when the unemployment rate remained relatively flat.

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