NH Division of Economic Development
YouTube Facebook Twitter Twitter
Why New Hampshire Move Start Grow About Us

Posts Tagged ‘workforce’

New Hampshire’s Unemployment Rate Reaches 30 Year Low

Tuesday, December 18th, 2018

The most recent state jobs report notes that 763,040 New Hampshire residents are employed in the Granite State, and unemployment rates had reached 2.5 percent – a low that has not been reached since August of 1988.

“Thanks to the strategic initiatives that New Hampshire has made, and our pro-growth, pro-jobs focus, more Granite Staters are working than ever before in the state’s history,” said Gov. Chris Sununu. “As New Hampshire’s unemployment rate remains well below the national average, it’s clear that we continue to set the gold standard for the rest of the country. Our strong, thriving workforce will serve as a solid foundation for further economic development.”

Department of Business and Economic Affairs Commissioner Taylor Caswell added, “Today’s economic news continues the positive trends of the past few years relating to the labor force; demographics; migration; exports; unemployment, and capital investment.

“We can say with confidence that New Hampshire’s economy remains highly competitive and will continue to attract top talent and world class employers.”

 

The Value, Role of Older Workers in Strengthening the Workforce, Economy

Thursday, May 3rd, 2018

May 4 Forum on the Future Breakfast

Having a strong and talented workforce is vital in keeping the state’s economy robust and healthy. With its low rate of unemployment, New Hampshire is committed to making sure businesses and manufacturers have the employees they need to grow.

This was the topic of the May 4 Forum on the Future Breakfast, during which a panel discussed the role of older workers, with their knowledge and experience, in being a resource for meeting the demand, organized by the New Hampshire College and University Council.

“Most beliefs about aging are outdated,” said Todd Fahey, state director for AARP, who moderated the discussion.

The age of 65 has long been synonymous with the age people retire; that’s not the case anymore, he said. People are living longer, healthier lives and most baby boomers want to work.

As they continue to work, it is possible for there to be synergy between generations, said Will Arvelo, director of the Division Of Economic Development. Much is lost if experienced, older workers depart their jobs, taking with them their valuable training.

“That is something really powerful,” he said, in terms of mentorship and knowledge transfer.

Other speakers included Manchester Mayor Joyce Craig; Manchester Community College President Susan Huard; Granite State College President Mark Rubenstein; Robert Segal, CEO, Automotive Supply Association and Sanel Auto Parts, and Deanna Strand, executive director, Dover Adult Learning Center.

Living Longer, Working Longer, Retiring Later and Other Trends for 50+ Workers

Wednesday, March 21st, 2018

Ken Cail, left; Will Arvelo; Todd Fahey

Talk to just about any business across New Hampshire and we hear about workforce challenges.

On the latest edition of our monthly radio show, New Hampshire Business Matters, Division of Economic Development Director Will Arvelo talks with Todd Fahey, state director of AARP New Hampshire about older workers and what they bring to today’s workforce.


Tune into NH Business Matters at 2:05 pm on the third Wednesday of the month on WTPL – 107.7FM


The trend, he says, is that people are living longer, working longer, retiring later and still have a lot to offer to companies.

Tune in to this timely discussion.

Manufacturing Sector Partnership Initiative Launched in Milford

Wednesday, July 13th, 2016
sector

New Hampshire’s manufacturers working together on the sector partnership initiative.

The first of four Sector Partnership Initiatives, which are business-led projects to create new pipelines of workers in key industries throughout New Hampshire, was launched Tuesday at Hitchiner Manufacturing in Milford. Led by chairman Val Zanchuck of Graphicast in Jaffrey, with over 25 manufacturers meeting to discuss their top priorities for education, training and recruitment of workers.

Gov. Maggie Hassan and Department of Resources and Economic Development Commissioner Jeffrey Rose also spoke about the importance of the state’s manufacturers – who propel the New Hampshire economy – identifying their challenges and working together to develop a solution.

Following the Manufacturing Sector Partnership launch, the team will now target manufacturers that have immediate needs, including those producing optics and those who need access to non-destructive testing. A lab is under construction at the Great Bay Advanced Technology Academic Center in Rochester that will enable students to learn various non-destructive testing methods.

Laser optics and micro-electronics manufacturers in New Hampshire produce products for medical devices and defense applications, so there is an ongoing need to have training for employees, which enable these companies to keep up with demand.

The morning event, which drew a standing room only crowd, illustrated New Hampshire’s take charge attitude and its ability to work together to find creative solutions. Three other sector partnership launches – in IT, hospitality and health care – will roll out later this year.

Lorna Colquhoun
Communications Director
Division of Economic Development