Nashua, NH – December 2023 Jobs Report – Steady Footing Amid National Job Slowdown

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Nashua’s job market held steady in December 2023, defying a slight national cooling trend. While the unemployment rate remained low at 2.1%, the city shed a modest 500 jobs, marking the first decline since September 2022.

Highlights:

  • Unemployment rate holds firm: Despite the job losses, Nashua’s unemployment rate remained unchanged from November 2023, staying well below the national average of 3.7%.
  • Healthcare shines: The healthcare sector added 100 jobs in December, continuing its robust growth throughout 2023.
  • Tech takes a hit: Information technology shed 200 jobs, marking the second consecutive month of decline in the sector.

Industries and Occupations:

  • Growth: Healthcare (+100 jobs), Education & Social Assistance (+50 jobs), Leisure & Hospitality (+40 jobs).
  • Contraction: Information Technology (-200 jobs), Trade, Transportation & Utilities (-100 jobs), Manufacturing (-50 jobs).

Compared to:

  • Year-over-year: Nashua added 3,100 jobs in December 2023 compared to December 2022, reflecting a 2.2% growth rate. This surpasses the national job growth rate of 1.5% over the same period.
  • Month-over-month: Compared to November 2023, Nashua’s job market contracted by 0.4%, a slight deviation from the national trend of flat job growth.

Future Outlook:

Analysts predict Nashua’s job market to maintain its stability in the coming months, supported by ongoing investments in healthcare and education sectors. However, potential national economic headwinds could pose challenges to future growth.

10 Growing Occupations in Nashua, NH:

  1. Registered Nurses
  2. Software Developers
  3. General and Operations Managers
  4. Physician Assistants
  5. Customer Service Representatives
  6. Physical Therapists
  7. Elementary and Middle School Teachers
  8. Accountants and Auditors
  9. Truck Drivers
  10. Marketing Specialists

10 Companies Hiring Now in Nashua, NH:

  1. Teleflex
  2. Harborlight Healthcare System
  3. Granite United Way
  4. Fidelity Investments
  5. Saint-Gobain North America
  6. BAE Systems
  7. Velcro Companies
  8. Southern New Hampshire University
  9. Nashua Corporation
  10. TD Bank

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