Overview of the New Hampshire Economy The top three employment sectors include Health care and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.
What is the main industry in New Hampshire?
Travel and tourism are mainstays of the state economy with spending by tourists accounting for over 8% of the gross state product. It is estimated that approximately 64,000 people are employed within the travel and tourism industry in the state.
What is the biggest industry in New Hampshire?
In New Hampshire, insurance carriers and related activities is the largest industry, accounting for 4.9% of the state’s total GDP of $87.6 billion.
What drives the economy in New Hampshire?
It is notable how much of what makes up the New Hampshire economy, as with most economies, is simply the buying goods and services by residents and visitors. The Retail industry provided 14 percent of the employment in the state in 2019. The Accommodations and Food Service industry made up 9 percent.
What is America’s #1 industry?
Hospitals In The US – $981.0 billion
Health Care And Social Assistance is the country’s largest private employment sector employing more than 16.4 million people. The hospitals in the US are struggling greatly as the COVID-19 pandemic continues to rage across the country.
What are 3 major industries in New Hampshire?
Overview of the New Hampshire Economy
The top three employment sectors include Health care and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.
Who is the largest employer in New Hampshire?
This statistic shows the leading companies headquartered in New Hampshire in 2020, by number of employees. In that year, C&S Wholesale Grocers was the largest company headquartered in New Hampshire, employing about 17,000 people.
What are the most common jobs in New Hampshire?
Detailed List Of The Most Common Jobs In Manchester, NH
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Sales Associate | $29,847 |
| 2 | Cashier | $27,488 |
| 3 | Licensed Nursing Assistant | $29,946 |
| 4 | Customer Service Representative | $31,000 |
What is New Hampshire known for?
It’s commonly known as the Granite State for its extensive granite formations and quarries, but also has three other nicknames: Mother of River, the White Mountain State and Switzerland of America.
What is New Hampshire known for producing?
Greenhouse and nursery products and milk and dairy products are New Hampshire’s most important commodities. These categories add up to almost 2/3 of the state’s total agricultural production, in cash receipts. Apples, vegetables and sweet corn, and maple products round out New Hampshire’s top crops.
How does New Hampshire make money?
The New Hampshire revenue system draws primarily from federal transfers, State taxation, enterprise funds, and fees for services. Federal transfers account for just over 30 percent of the State Budget, and remain similarly important when considering the broader universe of revenues beyond State Budget funding.
What industries do you think thrived in NH?
From a historical perspective, the state relied on traditional manufacturers of New England such as paper and grain mills, textiles, shoemakers, low-wage labor, and small machining shops.
What attracts businesses to New Hampshire?
Considered America’s greatest state for taxpayer ROI, New Hampshire has one of the best tax climates in the country for both residents and businesses. As a state with no sales tax or income tax (and the absence of at least half a dozen other taxes), New Hampshire offers businesses welcome financial relief.
Which industry makes the most millionaires?
Financial Services The financial service industry
1. Financial Services. The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. A lot of money is made in the business of money.
What are the 3 major industries?
Major industries
- Agriculture.
- Manufacturing.
- Services.
What is the richest industry in America?
The 10 Biggest Industries by Revenue in the US
- New Car Dealers in the US.
- Health & Medical Insurance in the US.
- Hospitals in the US.
- Life Insurance & Annuities in the US.
- Commercial Banking in the US.
- Public Schools in the US.
- Supermarkets & Grocery Stores in the US.
- Property, Casualty and Direct Insurance in the US. $751.9B.
What does New Hampshire export?
Agriculture in New Hampshire depends on Exports
| 2017 Value | 2017 State Rank | |
|---|---|---|
| dairy products | $7 million | 36 |
| other poultry products | $7 million | 36 |
| other livestock products | $5 million | 47 |
| beef and veal | $699 thousand | 46 |
What are 5 interesting facts about New Hampshire?
In 1775, New Hampshire became the first state to declare its independence from England. The first American in space, Alan Shepard, was born in Derry, New Hampshire. His historic flight was made in 1961. The first private citizen in the history of space flight was Christa McAuliffe, a Concord school teacher.
How wealthy is New Hampshire?
New Hampshire is the eighth wealthiest state in the United States, having a median household income of $76,768 as of 2019. The most affluent parts of the state are in the Seacoast Region, in the outer Boston suburbs and around Dartmouth College.
Who is the biggest employer?
Wal-Mart Stores
Our annual ranking of the world’s largest corporations
| Rank | Company | 2011 Number of Employees ▾ |
|---|---|---|
| 1 | Wal-Mart Stores | 2,200,000 |
| 2 | China National Petroleum | 1,668,072 |
| 3 | State Grid | 1,583,000 |
| 4 | Sinopec Group | 1,021,979 |
Who is the biggest employer in Maine?
Largest Employers by State
| State | Largest Employer | Employee headcount |
|---|---|---|
| Maine | MaineHealth | 15,000 |
| Maryland | Johns Hopkins University | 31,320 |
| Massachusetts | Partners Healthcare | 60,300 |
| Michigan | General Motors | 52,113 |