Overall unemployment rate stayed flat at 2.4% with the biggest shift in Business Services, which lost 400 roles, based on the most recently available information published in April 2022.

Total employment in the Portsmouth, NH-ME market declined by 23 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 39 bps over the same time to 3.8%.

  • Portsmouth, NH-ME unemployment rate is 135 bps below the national rate which is a positive sign.
  • Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
  • Average wages (per hour) grew in March versus prior month by 2.8% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
Portsmouth, NH-ME Unemployment March 2022

For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:

  • Transportation & Utilities: 16,400; +100
  • Government: 14,700; no change
  • Business Services: 13,900; -400
  • Education & Healthcare: 12,900; -300
  • Restaurants & Hotels: 10,400; +100
  • Manufacturing: 9,200; no change
  • Financial Services: 5,200; -100
  • Other Jobs: 2,900; +100
  • Construction, Mining: 2,800; no change
  • IT & Development: 1,900; no change
Portsmouth, NH-ME Unemployment by Industry March 2022

Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022).  Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.