Business Employment Dynamics in New Hampshire — Second Quarter 2025

From March 2025 to June 2025, gross job losses from closing and contracting private-sector establishments in New Hampshire were 40,721, while gross job gains from opening and expanding private-sector establishments were 37,863, the U.S. Bureau of Labor Statistics reported today. Acting Regional Commissioner Michael G. Phinney noted that the difference between the number of gross job losses and the number of gross job gains yielded a net employment loss of 2,858 jobs in the private sector during the second quarter of 2025. During the previous quarter, gross job gains exceeded gross job losses by 2,050. (See chart 1.)

Line chart of private-sector gross job gains and losses in New Hampshire, June 2020 to June 2025, seasonally adjusted. An accessible version is available in View Chart Data link below the chart.

View Chart Data

Chart 1. Private-sector gross job gains and losses in New Hampshire, June 2020–June 2025, seasonally adjusted
Period	Gross job losses	Gross job gains
Jun 2020	103,218	25,173
Sep 2020	27,585	63,265
Dec 2020	34,890	40,427
Mar 2021	30,529	41,524
Jun 2021	35,344	39,748
Sep 2021	38,031	39,945
Dec 2021	36,780	43,698
Mar 2022	32,655	44,751
Jun 2022	39,390	39,268
Sep 2022	38,998	41,207
Dec 2022	35,488	39,491
Mar 2023	35,282	42,023
Jun 2023	38,134	40,216
Sep 2023	39,929	35,012
Dec 2023	35,394	37,316
Mar 2024	35,235	39,032
Jun 2024	36,309	37,142
Sep 2024	40,272	33,643
Dec 2024	35,438	38,202
Mar 2025	37,279	39,329
Jun 2025	40,721	37,863

The change in the number of jobs over time is the net result of increases and decreases in employment that occur at all private businesses in the economy. Business Employment Dynamics (BED) statistics track these changes in employment at private-sector establishments from the third month of one quarter to the third month of the next. The difference between the number of gross job gains and the number of gross job losses is the net change in employment. (See the Business Employment Dynamics Technical Note.)

Gross job losses

In the second quarter of 2025, gross job losses represented 6.7 percent of private-sector employment in New Hampshire; nationally, gross job losses accounted for 6.0 percent of private-sector employment. (See chart 2.) Gross job losses are the result of contractions in employment at existing establishments and the loss of jobs at closing establishments. In New Hampshire, contracting establishments lost 32,271 jobs in the second quarter of 2025, an increase of 2,425 jobs from the prior quarter. Closing establishments lost 8,450 jobs, an increase of 1,017 jobs from the previous quarter.

View Chart Data

Chart 2. Private-sector gross job losses as a percent of employment, United States and New Hampshire, June 2020–June 2025, seasonally adjusted
Period	New Hampshire	United States
Jun 2020	18.7	16.8
Sep 2020	5.2	5.9
Dec 2020	6.4	5.7
Mar 2021	5.5	5.5
Jun 2021	6.2	5.9
Sep 2021	6.7	6.0
Dec 2021	6.5	5.4
Mar 2022	5.7	5.5
Jun 2022	6.7	6.2
Sep 2022	6.7	5.9
Dec 2022	6.0	5.9
Mar 2023	5.9	5.5
Jun 2023	6.3	5.9
Sep 2023	6.6	5.9
Dec 2023	5.9	5.7
Mar 2024	5.8	5.5
Jun 2024	6.0	5.9
Sep 2024	6.7	5.8
Dec 2024	5.9	5.7
Mar 2025	6.1	5.4
Jun 2025	6.7	6.0

Gross job gains

In the second quarter of 2025, gross job gains represented 6.3 percent of private-sector employment in New Hampshire; nationally, gross job gains accounted for 5.7 percent of private-sector employment. (See chart 3.) Gross job gains are the sum of increases in employment due to expansions at existing establishments and the addition of new jobs at opening establishments. In New Hampshire, gross job gains at expanding establishments totaled 31,359 in the second quarter of 2025, a decrease of 930 jobs compared to the previous quarter. (See table 1.) Opening establishments accounted for 6,504 jobs gained in the second quarter of 2025, a decrease of 536 jobs from the previous quarter.

View Chart Data

Chart 3. Private-sector gross job gains as a percent of employment, United States and New Hampshire, June 2020–June 2025, seasonally adjusted
Period	New Hampshire	United States
Jun 2020	4.5	4.8
Sep 2020	11.9	9.4
Dec 2020	7.4	7.4
Mar 2021	7.5	7.0
Jun 2021	7.0	6.8
Sep 2021	7.0	7.3
Dec 2021	7.6	7.7
Mar 2022	7.7	6.7
Jun 2022	6.7	6.5
Sep 2022	7.0	6.9
Dec 2022	6.7	6.3
Mar 2023	7.0	6.3
Jun 2023	6.7	6.2
Sep 2023	5.8	5.9
Dec 2023	6.2	6.0
Mar 2024	6.4	5.9
Jun 2024	6.1	5.8
Sep 2024	5.6	5.8
Dec 2024	6.3	5.9
Mar 2025	6.5	5.6
Jun 2025	6.3	5.7

Industries

Gross job losses exceeded gross job gains in 6 of the 9 published industry sectors in New Hampshire in the second quarter of 2025. Retail trade had the largest over-the-quarter net job decrease, with a loss of 2,009 jobs. This was the result of 6,546 gross job losses and 4,537 gross job gains. Education and health services showed a net gain of 681 jobs, the largest gain of any sector in the state. New Hampshire’s professional and business services industry sector had a net gain of 644 jobs.

For more information

The BED data series include gross job gains and gross job losses by industry subsector, for the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands, as well as gross job gains and gross job losses at the firm level by employer size class. BED data for the states have been included in table 2 of this release. Additional information is available online at the Business Employment Dynamics homepage and the Business Employment Dynamics Summary.

The Business Employment Dynamics for Third Quarter 2025 are scheduled to be released on Wednesday, April 29, 2026, at 10:00 a.m. (ET).

Technical Note

The Business Employment Dynamics (BED) data are a product of a federal-state cooperative program known as Quarterly Census of Employment and Wages (QCEW). The BED data are compiled by the U.S. Bureau of Labor Statistics (BLS) from existing QCEW records.

More information on formal definitions of the data used in this release, along with coverage, concepts, and methodology, can be found in the Business Employment Dynamics Technical Note.

If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

Table 1. Private-sector gross job gains and losses by industry, New Hampshire, seasonally adjusted
Category	Gross job gains and losses (3 months ended)					Gross job gains and losses as a percent of employment (3 months ended)
Category	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	June 2025	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	June 2025
Total private (1)
Gross job gains	37,142	33,643	38,202	39,329	37,863	6.1	5.6	6.3	6.5	6.3
At expanding establishments	30,580	26,830	30,921	32,289	31,359	5.0	4.5	5.1	5.3	5.2
At opening establishments	6,562	6,813	7,281	7,040	6,504	1.1	1.1	1.2	1.2	1.1
Gross job losses	36,309	40,272	35,438	37,279	40,721	6.0	6.7	5.9	6.1	6.7
At contracting establishments	29,570	33,086	28,744	29,846	32,271	4.9	5.5	4.8	4.9	5.3
At closing establishments	6,739	7,186	6,694	7,433	8,450	1.1	1.2	1.1	1.2	1.4
Net employment change (2)	833	-6,629	2,764	2,050	-2,858	0.1	-1.1	0.4	0.4	-0.4
Construction
Gross job gains	2,347	2,581	3,016	2,806	2,429	7.2	8.2	9.5	8.5	7.4
At expanding establishments	1,834	2,058	2,415	2,180	1,927	5.6	6.5	7.6	6.6	5.9
At opening establishments	513	523	601	626	502	1.6	1.7	1.9	1.9	1.5
Gross job losses	2,747	2,750	2,390	2,624	3,089	8.4	8.7	7.5	7.9	9.4
At contracting establishments	2,320	2,106	1,797	2,127	2,333	7.1	6.7	5.6	6.4	7.1
At closing establishments	427	644	593	497	756	1.3	2.0	1.9	1.5	2.3
Net employment change (2)	-400	-169	626	182	-660	-1.2	-0.5	2.0	0.6	-2.0
Manufacturing
Gross job gains	1,750	1,541	1,711	1,621	1,865	2.5	2.2	2.5	2.4	2.7
At expanding establishments	1,612	1,383	1,586	1,440	1,654	2.3	2.0	2.3	2.1	2.4
At opening establishments	138	158	125	181	211	0.2	0.2	0.2	0.3	0.3
Gross job losses	2,153	2,397	2,001	1,893	2,157	3.1	3.5	3.0	2.8	3.2
At contracting establishments	1,947	2,147	1,897	1,756	1,845	2.8	3.1	2.8	2.6	2.7
At closing establishments	206	250	104	137	312	0.3	0.4	0.2	0.2	0.5
Net employment change (2)	-403	-856	-290	-272	-292	-0.6	-1.3	-0.5	-0.4	-0.5
Wholesale trade
Gross job gains	1,221	1,232	1,191	1,165	1,056	4.0	4.1	4.0	3.9	3.7
At expanding establishments	872	973	964	952	862	2.9	3.2	3.2	3.2	3.0
At opening establishments	349	259	227	213	194	1.1	0.9	0.8	0.7	0.7
Gross job losses	1,565	1,476	1,342	1,279	1,612	5.1	4.9	4.5	4.4	5.5
At contracting establishments	1,223	1,121	1,010	962	1,207	4.0	3.7	3.4	3.3	4.1
At closing establishments	342	355	332	317	405	1.1	1.2	1.1	1.1	1.4
Net employment change (2)	-344	-244	-151	-114	-556	-1.1	-0.8	-0.5	-0.5	-1.8
Retail trade
Gross job gains	4,422	4,465	4,861	5,710	4,537	4.8	4.9	5.5	6.3	5.0
At expanding establishments	4,013	4,102	3,826	5,273	4,071	4.4	4.5	4.3	5.8	4.5
At opening establishments	409	363	1,035	437	466	0.4	0.4	1.2	0.5	0.5
Gross job losses	4,672	5,432	5,715	3,951	6,546	5.0	6.0	6.4	4.4	7.2
At contracting establishments	4,174	4,908	5,305	3,434	5,597	4.5	5.4	5.9	3.8	6.2
At closing establishments	498	524	410	517	949	0.5	0.6	0.5	0.6	1.0
Net employment change (2)	-250	-967	-854	1,759	-2,009	-0.2	-1.1	-0.9	1.9	-2.2
Financial activities
Gross job gains	1,574	1,662	1,350	1,494	1,749	4.8	5.0	4.1	4.6	5.4
At expanding establishments	1,346	1,354	1,024	1,266	1,392	4.1	4.1	3.1	3.9	4.3
At opening establishments	228	308	326	228	357	0.7	0.9	1.0	0.7	1.1
Gross job losses	1,592	1,555	1,412	1,713	1,847	4.9	4.8	4.3	5.2	5.7
At contracting establishments	1,271	1,238	1,112	1,244	1,425	3.9	3.8	3.4	3.8	4.4
At closing establishments	321	317	300	469	422	1.0	1.0	0.9	1.4	1.3
Net employment change (2)	-18	107	-62	-219	-98	-0.1	0.2	-0.2	-0.6	-0.3
Professional and business services
Gross job gains	7,032	6,862	6,311	6,807	7,786	7.1	6.9	6.4	6.9	7.9
At expanding establishments	5,227	4,951	4,456	5,282	6,041	5.3	5.0	4.5	5.4	6.1
At opening establishments	1,805	1,911	1,855	1,525	1,745	1.8	1.9	1.9	1.5	1.8
Gross job losses	6,495	6,649	7,043	6,882	7,142	6.6	6.7	7.1	7.0	7.2
At contracting establishments	4,662	4,872	5,134	4,911	5,063	4.7	4.9	5.2	5.0	5.1
At closing establishments	1,833	1,777	1,909	1,971	2,079	1.9	1.8	1.9	2.0	2.1
Net employment change (2)	537	213	-732	-75	644	0.5	0.2	-0.7	-0.1	0.7
Education and health services
Gross job gains	5,086	4,380	5,401	5,072	4,759	4.3	3.7	4.5	4.2	3.9
At expanding establishments	4,421	3,778	4,790	4,114	4,142	3.7	3.2	4.0	3.4	3.4
At opening establishments	665	602	611	958	617	0.6	0.5	0.5	0.8	0.5
Gross job losses	4,173	4,573	4,069	4,884	4,078	3.5	3.9	3.4	4.0	3.3
At contracting establishments	3,483	3,786	3,074	3,926	3,549	2.9	3.2	2.6	3.2	2.9
At closing establishments	690	787	995	958	529	0.6	0.7	0.8	0.8	0.4
Net employment change (2)	913	-193	1,332	188	681	0.8	-0.2	1.1	0.2	0.6
Leisure and hospitality
Gross job gains	9,911	7,080	10,540	10,593	9,836	13.0	9.5	14.0	13.7	12.7
At expanding establishments	8,296	5,286	8,817	8,835	8,216	10.9	7.1	11.7	11.4	10.6
At opening establishments	1,615	1,794	1,723	1,758	1,620	2.1	2.4	2.3	2.3	2.1
Gross job losses	9,111	11,561	7,687	10,312	10,093	12.0	15.5	10.3	13.2	13.0
At contracting establishments	7,619	9,927	6,518	8,723	8,289	10.0	13.3	8.7	11.2	10.7
At closing establishments	1,492	1,634	1,169	1,589	1,804	2.0	2.2	1.6	2.0	2.3
Net employment change (2)	800	-4,481	2,853	281	-257	1.0	-6.0	3.7	0.5	-0.3
Other services (3)
Gross job gains	1,700	1,563	1,480	1,728	1,695	8.1	7.4	7.0	8.2	7.9
At expanding establishments	1,414	1,263	1,180	1,346	1,457	6.7	6.0	5.6	6.4	6.8
At opening establishments	286	300	300	382	238	1.4	1.4	1.4	1.8	1.1
Gross job losses	1,384	1,628	1,714	1,451	1,406	6.6	7.7	8.2	6.9	6.6
At contracting establishments	1,067	1,282	1,384	1,033	1,041	5.1	6.1	6.6	4.9	4.9
At closing establishments	317	346	330	418	365	1.5	1.6	1.6	2.0	1.7
Net employment change (2)	316	-65	-234	277	289	1.5	-0.3	-1.2	1.3	1.3
Footnotes: (1) Includes unclassified sector not shown separately. (2) The net employment change is the difference between total gross job gains and total gross job losses. (3) Except public administration.

Table 2. Private-sector gross job gains and losses as a percent of total employment by state, seasonally adjusted
Category	Gross job gains as a percent of employment (3 months ended)					Gross job losses as a percent of employment (3 months ended)
Category	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	June 2025	June 2024	Sept. 2024	Dec. 2024	Mar. 2025	June 2025
United States(1)	5.8	5.8	5.9	5.6	5.7	5.9	5.8	5.7	5.4	6.0
Alabama	5.6	5.8	5.8	5.3	5.5	5.6	5.9	5.3	5.6	5.6
Alaska	10.2	8.0	10.3	10.0	9.9	9.6	9.6	9.5	8.1	10.3
Arizona	5.6	6.4	6.1	5.8	5.3	6.5	5.7	5.9	5.3	6.3
Arkansas	5.3	5.5	5.8	5.1	5.1	5.7	5.2	4.8	5.1	5.5
California	6.2	6.3	6.7	6.0	6.6	6.9	6.2	6.4	6.2	6.7
Colorado	6.6	6.3	6.2	6.2	6.4	5.8	6.4	6.5	6.8	7.1
Connecticut	5.8	5.5	5.5	5.6	5.8	5.5	5.6	5.5	5.3	5.8
Delaware	5.8	6.8	6.1	5.9	5.9	6.5	6.4	6.3	5.3	6.1
District of Columbia	5.1	4.9	5.0	4.8	5.7	5.4	5.0	5.5	5.8	5.9
Florida	6.1	6.5	6.0	5.8	5.7	5.8	5.7	6.2	5.5	5.8
Georgia	5.9	5.8	6.0	5.5	5.5	5.7	6.1	5.4	5.7	5.6
Hawaii	5.2	5.7	5.3	4.9	4.8	5.6	5.0	5.0	5.0	5.2
Idaho	7.5	7.1	8.2	7.3	7.7	7.2	7.5	6.8	7.3	7.2
Illinois	5.1	4.9	5.1	5.0	5.2	5.1	5.0	5.1	5.0	5.2
Indiana	5.2	5.3	5.5	5.4	5.0	5.5	5.3	5.1	5.2	5.6
Iowa	5.6	5.3	5.6	5.8	5.6	5.8	6.0	5.6	5.5	5.8
Kansas	5.9	5.3	5.9	5.5	5.4	5.6	5.6	5.2	5.4	6.3
Kentucky	5.3	5.4	5.3	5.2	5.0	5.8	5.4	5.5	4.8	5.4
Louisiana	5.8	6.1	6.2	5.6	5.5	6.2	5.8	5.5	5.6	6.3
Maine	7.2	6.2	7.0	7.4	7.2	7.1	7.1	7.1	6.3	7.4
Maryland	7.1	5.9	6.0	5.9	5.7	5.9	6.1	5.9	5.7	6.2
Massachusetts	5.7	5.0	5.3	5.0	5.5	5.6	5.8	5.5	5.1	5.8
Michigan	5.7	5.3	5.4	5.2	5.8	5.4	5.8	5.9	5.3	5.5
Minnesota	5.7	5.1	5.5	5.1	5.8	5.2	5.8	5.1	5.5	5.5
Mississippi	5.7	6.3	6.3	5.7	6.3	6.3	5.7	6.2	6.1	6.5
Missouri	5.6	5.6	5.7	5.4	5.5	5.8	5.8	5.3	5.2	6.1
Montana	7.9	7.2	8.4	8.0	7.7	7.6	8.0	7.8	7.5	8.3
Nebraska	5.5	5.6	5.6	5.2	5.4	5.6	5.6	5.5	5.3	5.5
Nevada	5.8	6.2	6.1	5.4	6.2	5.8	5.9	5.6	5.9	6.3
New Hampshire	6.1	5.6	6.3	6.5	6.3	6.0	6.7	5.9	6.1	6.7
New Jersey	5.9	5.4	6.0	5.6	5.8	5.5	5.8	5.5	5.4	5.5
New Mexico	6.1	6.3	6.1	5.9	5.9	6.5	6.2	5.9	5.8	6.0
New York	5.8	5.7	5.7	6.6	5.9	5.5	5.8	5.5	5.0	7.0
North Carolina	5.6	5.5	6.1	5.4	5.6	5.5	5.8	5.5	5.5	5.4
North Dakota	6.6	6.5	6.5	6.7	6.4	6.6	6.5	6.6	6.5	6.7
Ohio	5.2	5.2	5.4	5.2	5.3	5.3	5.4	5.1	4.9	5.4
Oklahoma	5.7	6.1	6.0	5.5	5.5	6.4	5.5	5.5	5.3	6.2
Oregon	6.0	6.3	6.2	5.8	6.4	6.3	6.6	6.6	6.2	6.5
Pennsylvania	4.9	5.1	5.2	5.0	4.9	5.2	5.0	4.8	4.7	5.2
Rhode Island	6.6	6.2	7.3	6.6	6.3	6.7	6.4	6.3	5.9	6.7
South Carolina	6.1	6.2	6.4	6.1	5.8	6.0	5.9	5.9	5.5	6.6
South Dakota	6.0	5.9	6.7	6.2	6.0	6.2	5.9	5.9	6.5	6.1
Tennessee	5.5	5.6	5.5	5.4	5.1	5.6	5.7	6.2	5.1	5.9
Texas	5.4	5.7	5.8	5.1	5.2	5.3	5.3	5.2	5.1	5.4
Utah	6.5	6.8	6.8	6.6	6.6	6.9	6.2	6.3	6.0	6.6
Vermont	6.7	6.6	6.7	6.9	6.9	7.4	7.1	6.7	6.8	7.5
Virginia	5.6	5.8	5.8	5.6	5.8	5.7	5.7	5.5	5.1	5.8
Washington	5.9	5.8	5.8	5.7	6.0	5.6	5.8	5.7	5.5	5.4
West Virginia	7.0	5.9	6.5	6.4	5.5	6.7	6.6	6.1	5.7	6.3
Wisconsin	5.3	5.1	5.3	5.0	5.3	5.6	5.5	5.2	4.9	5.5
Wyoming	8.2	8.9	8.9	8.1	8.3	8.8	8.5	8.3	8.7	8.9
Puerto Rico	5.5	5.4	4.3	6.3	7.0	4.9	5.0	5.4	5.4	6.1
Virgin Islands	4.9	4.7	5.2	5.4	15.0	5.7	7.5	10.8	7.6	9.5
Footnotes (1) Totals for the United States do not include data for Puerto Rico or the Virgin Islands.

Last Modified Date: Thursday, March 05, 2026

Northeast Information Office

Business Employment Dynamics in New Hampshire — Second Quarter 2025