Summer Employment Growth in 2025 Weakest in a Decade: NHFPI Analysis

New Hampshire Fiscal Policy Institute data

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By Senior Policy Analyst Ben Reynolds

A new analysis from NHFPI Senior Policy Analyst Ben Reynolds finds that New Hampshire’s summer employment growth in 2025 was the weakest recorded in the last decade.

Private-sector employment increased by 11,118 jobs (2.2%) between May and August 2025, compared to an average increase of 3.0% during the same period from 2015 to 2024. The slower growth may reflect several factors, including a tight labor market and softer consumer spending, which can make it harder for businesses to fully capitalize on the state’s peak tourism season.

As Reynolds notes: “Whether the slower summer hiring growth observed in 2025 represents a temporary shift or is part of a longer-term trend remains unclear. However, as New Hampshire enters another summer tourism season in 2026, the data highlights how workforce availability may increasingly shape the ability of businesses and local economies to fully benefit from peak seasonal economic activity.”

You can read the full analysis here: https://nhfpi.org/blog/new-hampshire-employment-bump-last-summer-lowest-in-a-decade/

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