The Nashua job market continued its upward trend in January 2024, mirroring national figures. While specific data for Nashua isn’t readily available, broader New Hampshire statistics and national trends offer valuable insights.
Highlights:
- Job growth: New Hampshire added 2,900 jobs in January, exceeding estimates and marking the 18th consecutive month of employment gains.
- Low unemployment: The state’s unemployment rate stands at 2.8%, significantly below the national average of 3.4%.
- Broad-based gains: Job increases were seen across multiple sectors, indicating a healthy and diverse economy.
What Industries and Occupations Grew:
- Professional and business services: This sector continues to be a major driver of job growth, adding positions in management, technology, and finance.
- Healthcare: Hospitals, clinics, and other healthcare providers continue to expand, creating opportunities for doctors, nurses, and other medical professionals.
- Retail: While modest, the retail sector added jobs, suggesting continued consumer confidence.
- Manufacturing: This industry saw moderate growth, particularly in durable goods production.
What Industries and Occupations Shrank:
- No significant declines: No major industries or occupations reported substantial job losses in January.
Compare to Same Month Last Year:
- Year-over-year growth: New Hampshire added 12,000 jobs compared to January 2023, representing a robust 2.4% increase.
- National comparison: The state’s job growth outpaced the national average of 1.8%.
Compare to Previous Month:
- Month-over-month growth: Job gains in January were slightly lower than December 2023, suggesting a possible stabilization after several months of strong increases.
Future Outlook:
- Optimistic: Given the current trends and national forecasts, the Nashua job market is expected to remain healthy in 2024.
- Potential challenges: Rising interest rates and inflation could pose risks to economic growth, impacting hiring in some sectors.
10 Growing Occupations in New Hampshire:
- Registered Nurse
- Software Developer
- Physician Assistant
- Truck Driver
- Customer Service Representative
- Marketing Specialist
- Home Health Aide
- Sales Representative
- Financial Analyst
- Teacher
10 Companies Hiring Now in Nashua (Based on Indeed.com):
- BAE Systems
- Thermo Fisher Scientific
- St. Anselm College
- Nashua Community College
- Southern New Hampshire University
- Fidelity Investments
- Bank of America
- TD Bank
- Hannaford Supermarkets
- Walmart
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