New Hampshire Business & Employment Growth Since 2009

  • 4,210 more businesses
  • 53,807 more employees
  • 8.9% increase in total wages
  • $11,850 increase in annual wages per employee
  • 26.4% increase in wages per employee

Since 2009, the number of businesses in New Hampshire has grown by 8.7% (2.8% less than the national average of 11.4%). Employment in New Hampshire has grown by 8.9% (4.7% less than the national average of 13.6%). Wages have grown by 26.4% since the end of the Great Recession. This wage growth is 0.7% greater than the national average of 25.7%.
The average weekly wage in New Hampshire of $1,092 is 0.8% below the national average of $1,101. The gap between the national average has widened from 1.4% a widening of 0.6% since the end of the recession.

Sector Growth

Business Sector Growth

The Professional services sector has the most businesses in the state of New Hampshire. Since the end of the recession, the number of businesses has grown from 5,842 to 7,201, a gain of 23.3%. The table below illustrates the change in number of businesses in each sector.
Sector20182009Pct Chg
Professional services7,2015,84223.3%
Retail trade5,9516,129-2.9%
Wholesale trade5,5505,5280.4%
Waste services4,5243,39033.5%
Construction4,5064,693-4.0%
Other services3,9413,6577.8%
Healthcare3,8293,5976.4%
Accommodation and food services3,7443,40410.0%
Finance and insurance2,3812,2008.2%
Manufacturing2,0322,187-7.1%
Real estate and rental1,4601,510-3.3%
Transport and warehousing923940-1.8%
Information89379312.6%
Educational services87470823.4%
Arts and entertainment85575113.8%
Company management62240454.0%
Agriculture and forestry2782626.1%
Utilities102107-4.7%
Mining and oil extraction6773-8.2%

The sector that has had the strongest growth [in number of businesses] is the Professional services sector, which has increased by 23.3% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 4.0% since the recession.

Employment Sector Growth

The Retail trade sector has the most employees in the state of New Hampshire. Since the end of the recession, the number of employees has grown from 92,906 to 94,457, a gain of 1.7%. The table below illustrates the change in number of employees in each sector.
Sector20182009Pct Chg
Retail trade94,45792,9061.7%
Healthcare92,37482,99511.3%
Manufacturing70,56668,0543.7%
Accommodation and food services59,68950,96417.1%
Professional services37,88829,15530.0%
Waste services35,79525,52940.2%
Wholesale trade28,06626,5305.8%
Construction26,91222,63418.9%
Finance and insurance26,34326,989-2.4%
Other services20,97719,3398.5%
Educational services20,18217,38216.1%
Transport and warehousing14,62911,91722.8%
Information12,35312,440-0.7%
Arts and entertainment12,29410,89512.8%
Company management9,1438,04013.7%
Real estate and rental7,1377,0691.0%
Agriculture and forestry2,0531,75716.8%
Utilities2,0282,532-19.9%
Mining and oil extraction56551010.8%

The sector that has had the strongest employment growth [in number of employees] is the Waste services sector, which has increased by 40.2% since 2009. The sector that has has the largest employment decline in number of employees is the Finance and insurance sector, which has declined by 2.4% since the recession.

Weekly Wage Growth By Sector

The Utilities sector has the highest average weekly wage in the state of New Hampshire. Since the end of the recession, the average wage has grown from $1,687 to $2,245, a gain of 33.1%. The table below illustrates the change in weekly wage in each sector.
Sector20182009Pct Chg
Utilities$2,245$1,68733.1%
Finance and insurance$2,032$1,43042.1%
Company management$1,967$1,46734.1%
Professional services$1,881$1,39734.6%
Wholesale trade$1,806$1,36432.4%
Information$1,800$1,34234.1%
Manufacturing$1,379$1,12123.0%
Mining and oil extraction$1,216$1,00820.6%
Construction$1,204$94327.7%
Healthcare$1,085$88522.6%
Educational services$1,075$88821.1%
Real estate and rental$1,059$84525.3%
Waste services$955$77323.5%
Transport and warehousing$889$68629.6%
Other services$730$59223.3%
Agriculture and forestry$698$55525.8%
Retail trade$631$50624.7%
Arts and entertainment$444$36222.7%
Accommodation and food services$418$32429.0%

The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Arts and entertainment sector, which has declined by 22.7% since the recession.


Industry Growth

Business Industry Growth

The Wholesale trade agents and brokers industry has the greatest number of businesses in the state of New Hampshire. Since the end of the recession, the number of businesses has decreased from 4,058 to 3,677, a reduction of 9.4%. The table below illustrates the change in the number of businesses in the top industries.

Industry20182009Pct Chg
Wholesale trade agents and brokers3,6774,058-9.4%
Computer systems design and related services2,4741,61353.4%
Management consulting services1,10782634.0%
Office administrative services1,03654889.1%
Landscaping services96081517.8%
Residential building construction9521,108-14.1%

The top industry that has had the largest increase in the number of businesses is the Computer systems design and related services industry, which has increased by 53.4% since 2009. The top industry that has has the largest decline in the number of businesses is the Wholesale trade agents and brokers industry, which has declined by 9.4% since the recession.

Employment Industry Growth

The Restaurants and other eating places industry has the greatest number of employees in the state of New Hampshire. This industry currently has 47,566 employees in it. There is no direct comparison back to the total at the end of the recession and is not included in the table below.

Industry20182009Pct Chg
General medical and surgical hospitals27,60226,2325.2%
Supermarkets and other grocery stores19,43619,3090.7%
Offices of physicians14,51312,26818.3%
Computer systems design and related services11,8956,65178.8%
Colleges and universities10,9939,59114.6%
Temporary help services10,3256,03471.1%

The top industry that has had the largest increase in the number of employees is the Computer systems design and related services industry, which has increased by 78.8% since 2009. The top industry that has has the largest decline in the number of employees is the Supermarkets and other grocery stores industry, which has declined by 0.7% since the recession.

Weekly Wage Growth By Industry

The Portfolio management industry has the highest average weekly wage in the state of New Hampshire. Since the end of the recession, the average wage has grown from $2,213 to $3,995, a gain of 80.5%. The table below illustrates the change in weekly wage in each sector.
Industry20182009Pct Chg
Portfolio management$3,995$2,21380.5%
Securities brokerage$3,700$2,10276.0%
All other financial investment activities$3,323$1,92772.4%
Lessors of nonfinancial intangible assets$3,105$1,85867.1%
Musical groups and artists$2,979$713317.8%
Computer and software merchant wholesalers$2,926$2,05642.3%

The top industry that has had the strongest wage growth is the Musical groups and artists industry, which has increased by 317.8% since 2009. The top industry that has has the largest wage decline is the Computer and software merchant wholesalers industry, which has declined by 42.3% since the recession.


Company Size

Business Growth By Company Size

The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 36 to 44, which is an increase of 22.2%.

The smallest percentage change in the number of businesses has been in businesses with 1,000 or more employees. The number of businesses with this number of employees has grown from 17 to 17, which is an increase of 0.0%.

Table: Change in the number of Businesses by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees30,28327,5759.8%
5-9 Employees8,0937,8503.1%
10-19 Employees5,6404,97913.3%
20-49 Employees3,6083,17613.6%
50-99 Employees1,09692518.5%
100-249 Employees5715317.5%
250-499 Employees1431346.7%
500-999 Employees443622.2%
More Than 1,000 Employees17170.0%


Employment Growth by Company Size

The biggest percentage change in the number of employees has been in businesses with 500 to 999 employees. The number of employees in companies this size has grown from 24,008 to 30,308, which is an increase of 26.2%.

The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 51,607 to 53,799, which is an increase of 4.2%.

Table: Change in the number of Employees by Size of Business, since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees47,30643,5158.7%
5-9 Employees53,79951,6074.2%
10-19 Employees75,80766,52014.0%
20-49 Employees107,71194,55913.9%
50-99 Employees74,95563,00419.0%
100-249 Employees84,23877,2249.1%
250-499 Employees49,55645,5418.8%
500-999 Employees30,30824,00826.2%
More Than 1,000 Employees36,60732,40913.0%


Weekly Wage Growth by Company Size

The biggest percentage change in the average weekly wage has been in businesses with 100 to 249 employees. The average weekly wage in companies this size has grown from $759 to $1,293, which is an increase of 70.4%.

The smallest percentage change in the average weekly wage has been in businesses with 500 to 999 employees. The average weekly wage in companies this size has grown from $1,246 to $1,485, which is an increase of 19.2%.

Table: Change Average Weekly Wage by Size Since the Recession:

Company SizeQ1 2018Q1 2010% Change
Fewer than 5 Employees$1,456$96650.7%
5-9 Employees$973$72634.0%
10-19 Employees$961$73231.3%
20-49 Employees$951$76424.5%
50-99 Employees$977$77825.6%
100-249 Employees$1,293$75970.4%
250-499 Employees$1,210$94228.5%
500-999 Employees$1,485$1,24619.2%
More Than 1,000 Employees$1,618$1,25628.8%



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.