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New Hampshire Maintains Lowest Unemployment Rate in the US
By EmploymentCrossing
As requests for unemployment benefits grow, New Hampshire has the lowest unemployment rate in the US.
The state’s seasonally adjusted unemployment rate for July 2008 was 3.9%, according to Ben Amsden, a state resource economist with the New Hampshire Economic and Labor Market Information Bureau.
Meanwhile, there were 5,600 new unemployment claims in July with 39,000 existing claims, an increase from both earlier this year and from the same time last year.
The increase in unemployment claims is fueled by the federal government’s 13-week extension to state unemployment benefits, intended to shepherd Americans through the so-called economic “downturn.”
The average benefit payment in New Hampshire for a week of total unemployment was about $270.
New Hampshire’s Unemployment Security branches offer training programs for qualified workers. There is also federal money available for retraining through the Federal Trade Act, which aids workers laid-off because an employer has moved production overseas.
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