Belknap County vs. New Hampshire
Comparative Trends Analysis:
Total Employment Growth and Change, 1969-2018
Introduction
Belknap County:
2018 Jobs = 38,333
2018 Percent of State = 4.3%
New Hampshire:
2018 Jobs = 894,943
2018 Percent of State = 0.4%
Employment numbers remain the most popular and frequently cited statistics used for tracking local area economic conditions and trends. The Bureau of Economic Analysis (BEA) employment estimates reported measure the number of full- and part-time wage and salary employees, plus the number of proprietors of unincorporated businesses. People holding more than one job are counted in the employment estimates for each job they hold. This means BEA employment estimates represent a job count, not a people count. Also, BEA employment is by place-of-work, rather than by place-of-residence. Jobs held by neighboring county residents who commute to Belknap County to work are included in the employment count for Belknap County.
Data Definition:
The BEA employment series for states and local areas comprises estimates of the number of jobs, full-time plus part-time, by place of work. Full-time and part-time jobs are counted at equal weight. Employees, sole proprietors, and active partners are included, but unpaid family workers and volunteers are not included. Proprietors employment consists of the number of sole proprietorships and the number of partners in partnerships. The description "by place of work" applies to the wage and salary portion of the series and, with relatively little error, to the entire series. The proprietors employment portion of the series, however, is more nearly by place of residence because, for nonfarm sole proprietorships, the estimates are based on IRS tax data that reflect the address from which the proprietor's individual tax return is filed, which is usually the proprietor's residence. The nonfarm partnership portion of the proprietors employment series reflects the tax-filing address of the partnership, which may be either the residence of one of the partners or the business address of the partnership. The employment estimates are designed to be consistent with the estimates of wages and salaries and proprietors' income that are part of the personal income series. The employment estimates are based on the same sets of source data as the corresponding earnings estimates and are prepared with parallel methodologies. Two forms of proprietors' income-the income of limited partnerships and the income of tax-exempt cooperatives-have no corresponding employment estimates.
Total Employment, 1969-2018
Total Employment, 1969-2018
Figure 1.
Figure 1 tracks Belknap County's annual total employment for the period 1969-2018 to illustrate total employment patterns over time. During this 50-year period, Belknap County's total employment rose from 16,021 in 1969 to 38,333 in 2018, for a net gain of 22,312, or 139.3%.
Total Employment, 1969-2018
Total Employment, 1969-2018
Figure 2.
Figure 2 tracks New Hampshire's annual total employment for the period 1969-2018 to illustrate total employment patterns over time. During this 50-year period, New Hampshire's total employment rose from 334,070 in 1969 to 894,943 in 2018, for a net gain of 560,873, or 167.9%.
Total Employment Indices (1969=100): 1969-2018
Total Employment Indices (1969=100): 1969-2018
Figure 3.
Figure 3 portrays Belknap County's total employment growth in a broader context by offering direct comparisons across time with New Hampshire, the United States. The growth indices shown here express each region's total employment in 1969 as a base figure of 100, and the total employments in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in total employment growth between regions that may differ vastly in size.
Belknap County's overall total employment growth was 139.3% over 1969-2018 trailed New Hampshire's increase of 167.9%, and topped the United States' increase of 120.5%.
Total Employment as a Percent of the New Hampshire Total: 1969-2018
Total Employment as a Percent of the New Hampshire Total: 1969-2018
Figure 4.
Another interesting and insightful way of comparing the total employment growth of Belknap County is to compare its individual percentage contributions to New Hampshire's statewide total employment over time, as shown in Figure 4. A rising share means a region's total employment grew faster, or declined less, than New Hampshire's total employment, while a declining share shows it grew more slowly.
In 1969, Belknap County's total employment totaled 4.8% of New Hampshire's total employment, while in 2018 it comprised 4.3% thereby yielding a -0.5% share-shift.
   
 
Total Employment Share-Shift
2018 vs. 1969
 
Share-
Shift*
 
2018
vs.
1969
-0.51%
=
4.28%
-
4.80%
 
   
Belknap County Total Employment:
Annual Percent Change, 1970-2018
Belknap County Total Employment:
Annual Percent Change, 1970-2018
Figure 5.
Figure 5 shows the short-run pattern of Belknap County's total employment growth by tracking the year-to-year percent change over 1970-2018. The average annual percent change for the entire 49-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Belknap County's total employment grew at an annual rate of 1.84% over 1970-2018. The county posted its highest growth in 1984 (6.95%) and recorded its lowest growth in 1990 (-5.47%). In 2018, Belknap County's total employment grew by 1.01%
Belknap County Total Employment:
Annual Percent Change and Decade Averages Over 1970-2018
Belknap County Total Employment:
Annual Percent Change and Decade Averages Over 1970-2018
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again depicts the annual percent change in Belknap County's total employment since 1970, but this time they are displayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, and 2010-2018.
During the 1970s, Belknap County's annual total employment growth rate averaged 3.40%. It averaged 3.22% during the 1980s, 1.72% in the 1990s, 0.53% during the 2000s, and 0.17% thus far this decade (2010 to 2018).
Total Employment Growth:
Average Annual Percent Change by Decade
Total Employment Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Belknap County noted in the previous graph with the corresponding decade averages for New Hampshire and the nation. As the chart reveals, Belknap County's average annual total employment growth amounted to less than New Hampshire's average during the 1970s (3.40% vs. 3.47%), posted below New Hampshire's average in the 1980s (3.22% vs. 3.52%), recorded above New Hampshire's average in the 1990s (1.72% vs. 1.47%), lagged New Hampshire's average during the 2000s (0.53% vs. 0.77%), and fell below New Hampshire's average over the 9 year period of the last decade, 2010-2018 (0.17% vs. 0.97%).
Finally, relative to nationwide total employment growth trends, Belknap County led the nation during the 1970s (3.40% vs. 2.21%), recorded above the nation over the 1980s (3.22% vs. 1.88%), posted below the nation throughout the 1990s (1.72% vs. 1.73%), trailed the nation over the 2000s (0.53% vs. 0.74%), and recorded underneath the nation over 2010-2018 (0.17% vs. 1.63%).
   
 
Total Employment Growth:
Average Annual Percent Change
 
 
 
1.84
3.40
3.22
1.72
0.53
0.17
1.01
 
2.06
3.47
3.52
1.47
0.77
0.97
1.30
 
1.64
2.21
1.88
1.73
0.74
1.63
1.99
 
   
Job Ratios (Employment/Population): 1969-2018
Job Ratios (Employment/Population): 1969-2018
Figure 8.
The job ratios shown in Figure 8 for Belknap County, New Hampshire and the nation not only portray a number of important trends, they also serves as a thumbnail guide to evaluating an economy's capacity to generate enough jobs fast enough to absorb the increasing number of workers attendant to a growing population. The job ratio is the number of full-time and part-time jobs by place of work, divided by population.
Nationally, the job ratio rose from 0.45 to 0.61 between 1969 and 2018. Belknap County's job ratio registered 0.51 in 1969, and 0.63 in 2018. Underlying the rising job ratio over the past several decades have been the increases in the labor force participation rates, with the number and proportion of women in the labor market playing a leading role.
An assortment of other factors can contribute to regional differences in the job ratio. They include differences in the proportion of elderly and retirees who no longer work and participate in the labor force, differences in the number and proportion of part-time vs. full-time workers, differences in industry composition, and differences in age and sex distribution and degree of urbanization. Also, a disproportionate number of workers commuting to work outside a county tends to lower its local county job ratio, while a net inflow of workers commuting to work inside the county tends to augment its local county job ratio.
Avoid interpreting the job ratio as the fraction (or percent) of the local population employed. This interpretation should only apply to the "employment-population ratio" statistic compiled by the Bureau of Labor Statistics (BLS) from the Current Population Survey (CPS).
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2018
Job Ratios (Employment/Population)
as a Percent of the U.S. Average:
1969-2018
Figure 9.
To highlight trends in a local job ratio relative to nationwide trends, Figure 9 tracks Belknap County's, New Hampshire's job ratio as a percent of the national job ratio over 1969-2018.

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Belknap County:
Total Employment, 1969-2018
 
1969
 
16,021
100.0
N
4.80
0.51
111.96
1970
 
16,064
100.3
0.27
4.81
0.49
110.15
1971
 
16,232
101.3
1.05
4.83
0.48
109.17
1972
 
17,218
107.5
6.07
4.92
0.50
111.07
1973
 
18,372
114.7
6.70
4.91
0.52
111.36
1974
 
18,588
116.0
1.18
4.88
0.51
108.70
1975
 
17,853
111.4
-3.95
4.82
0.48
105.17
1976
 
18,816
117.4
5.39
4.78
0.49
105.65
1977
 
20,069
125.3
6.66
4.80
0.51
106.97
1978
 
21,208
132.4
5.68
4.76
0.51
103.62
1979
 
22,253
138.9
4.93
4.76
0.52
103.19
1980
 
22,924
143.1
3.02
4.76
0.53
106.49
1981
 
22,710
141.8
-0.93
4.62
0.53
105.62
1982
 
23,141
144.4
1.90
4.65
0.53
107.66
1983
 
23,932
149.4
3.42
4.62
0.54
109.90
1984
 
25,595
159.8
6.95
4.63
0.57
112.02
1985
 
26,922
168.0
5.18
4.60
0.60
114.77
1986
 
28,563
178.3
6.10
4.63
0.62
117.77
1987
 
29,810
186.1
4.37
4.70
0.63
117.94
1988
 
31,051
193.8
4.16
4.71
0.64
117.14
1989
 
30,452
190.1
-1.93
4.62
0.62
112.13
1990
 
28,785
179.7
-5.47
4.48
0.58
105.26
1991
 
27,423
171.2
-4.73
4.45
0.56
102.51
1992
 
27,530
171.8
0.39
4.38
0.55
102.99
1993
 
27,835
173.7
1.11
4.34
0.55
102.32
1994
 
29,324
183.0
5.35
4.40
0.58
105.23
1995
 
30,416
189.9
3.72
4.48
0.59
105.32
1996
 
31,014
193.6
1.97
4.46
0.58
104.32
1997
 
32,566
203.3
5.00
4.54
0.61
107.61
1998
 
34,406
214.8
5.65
4.63
0.63
109.97
1999
 
35,872
223.9
4.26
4.72
0.65
111.62
2000
 
36,051
225.0
0.50
4.60
0.64
108.92
2001
 
36,771
229.5
2.00
4.67
0.64
109.91
2002
 
36,610
228.5
-0.44
4.64
0.62
108.82
2003
 
37,195
232.2
1.60
4.66
0.63
109.31
2004
 
38,449
240.0
3.37
4.73
0.64
110.82
2005
 
38,525
240.5
0.20
4.67
0.64
109.58
2006
 
38,922
242.9
1.03
4.66
0.65
109.87
2007
 
39,537
246.8
1.58
4.66
0.66
110.36
2008
 
38,990
243.4
-1.38
4.61
0.65
109.83
2009
 
37,774
235.8
-3.12
4.60
0.63
110.91
2010
 
36,866
230.1
-2.40
4.53
0.61
109.74
2011
 
36,866
230.1
0.00
4.50
0.61
108.13
2012
 
37,096
231.5
0.62
4.50
0.61
107.65
2013
 
37,594
234.7
1.34
4.50
0.62
108.19
2014
 
37,478
233.9
-0.31
4.44
0.62
106.28
2015
 
37,854
236.3
1.00
4.40
0.63
105.72
2016
 
37,636
234.9
-0.58
4.31
0.62
103.59
2017
 
37,951
236.9
0.84
4.30
0.62
103.04
2018
 
38,333
239.3
1.01
4.28
0.63
102.38
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1000_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
New Hampshire:
Total Employment, 1969-2018
 
1969
 
334,070
100.0
N
0.37
0.46
102.01
1970
 
333,695
99.9
-0.11
0.37
0.45
100.42
1971
 
336,311
100.7
0.78
0.37
0.44
99.65
1972
 
349,678
104.7
3.97
0.37
0.45
99.26
1973
 
374,038
112.0
6.97
0.38
0.47
100.17
1974
 
380,712
114.0
1.78
0.38
0.47
99.29
1975
 
370,436
110.9
-2.70
0.37
0.45
97.23
1976
 
393,755
117.9
6.30
0.39
0.46
99.55
1977
 
418,419
125.2
6.26
0.40
0.48
100.40
1978
 
445,596
133.4
6.50
0.41
0.50
100.93
1979
 
467,512
139.9
4.92
0.41
0.51
101.75
1980
 
481,610
144.2
3.02
0.42
0.52
103.88
1981
 
491,780
147.2
2.11
0.43
0.53
104.85
1982
 
498,144
149.1
1.29
0.44
0.53
106.66
1983
 
517,638
154.9
3.91
0.45
0.54
109.22
1984
 
553,158
165.6
6.86
0.46
0.57
110.79
1985
 
585,708
175.3
5.88
0.47
0.59
112.93
1986
 
617,430
184.8
5.42
0.49
0.60
114.58
1987
 
634,718
190.0
2.80
0.49
0.60
112.60
1988
 
659,854
197.5
3.96
0.49
0.61
111.58
1989
 
659,566
197.4
-0.04
0.48
0.60
108.23
1990
 
642,570
192.3
-2.58
0.46
0.58
104.24
1991
 
616,340
184.5
-4.08
0.45
0.56
102.08
1992
 
628,633
188.2
1.99
0.45
0.56
104.41
1993
 
641,906
192.1
2.11
0.46
0.57
104.93
1994
 
665,701
199.3
3.71
0.46
0.58
106.32
1995
 
679,441
203.4
2.06
0.46
0.59
105.66
1996
 
695,920
208.3
2.43
0.46
0.59
105.65
1997
 
716,703
214.5
2.99
0.46
0.60
106.31
1998
 
743,341
222.5
3.72
0.47
0.62
107.29
1999
 
760,763
227.7
2.34
0.47
0.62
107.54
2000
 
783,545
234.5
2.99
0.47
0.63
107.83
2001
 
788,168
235.9
0.59
0.48
0.63
108.08
2002
 
788,484
236.0
0.04
0.48
0.62
108.24
2003
 
797,648
238.8
1.16
0.48
0.62
108.97
2004
 
812,823
243.3
1.90
0.48
0.63
109.26
2005
 
825,600
247.1
1.57
0.48
0.64
109.03
2006
 
835,582
250.1
1.21
0.48
0.64
108.35
2007
 
848,001
253.8
1.49
0.47
0.65
108.40
2008
 
844,862
252.9
-0.37
0.47
0.64
108.94
2009
 
820,809
245.7
-2.85
0.47
0.62
110.19
2010
 
813,707
243.6
-0.87
0.47
0.62
110.55
2011
 
818,789
245.1
0.62
0.46
0.62
109.77
2012
 
824,361
246.8
0.68
0.46
0.62
109.19
2013
 
835,032
250.0
1.29
0.46
0.63
109.13
2014
 
844,499
252.8
1.13
0.45
0.63
108.29
2015
 
860,597
257.6
1.91
0.45
0.64
108.54
2016
 
873,180
261.4
1.46
0.45
0.65
108.68
2017
 
883,500
264.5
1.18
0.45
0.65
108.13
2018
 
894,943
267.9
1.30
0.45
0.66
107.53
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1000_PSN
 
   

Tip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Total Employment, 1969-2018
 
1969
 
91,053,200
100.0
N
0.45
1970
 
91,277,600
100.2
0.25
0.45
1971
 
91,581,400
100.6
0.33
0.44
1972
 
94,312,200
103.6
2.98
0.45
1973
 
98,427,500
108.1
4.36
0.47
1974
 
100,111,800
109.9
1.71
0.47
1975
 
98,900,600
108.6
-1.21
0.46
1976
 
101,591,200
111.6
2.72
0.47
1977
 
105,042,200
115.4
3.40
0.48
1978
 
109,686,600
120.5
4.42
0.49
1979
 
113,147,100
124.3
3.15
0.50
1980
 
113,983,200
125.2
0.74
0.50
1981
 
114,914,000
126.2
0.82
0.50
1982
 
114,163,300
125.4
-0.65
0.49
1983
 
115,645,700
127.0
1.30
0.49
1984
 
120,528,100
132.4
4.22
0.51
1985
 
123,796,700
136.0
2.71
0.52
1986
 
126,232,300
138.6
1.97
0.53
1987
 
129,548,400
142.3
2.63
0.53
1988
 
133,563,900
146.7
3.10
0.55
1989
 
136,177,800
149.6
1.96
0.55
1990
 
138,330,900
151.9
1.58
0.55
1991
 
137,612,800
151.1
-0.52
0.54
1992
 
138,166,100
151.7
0.40
0.54
1993
 
140,774,400
154.6
1.89
0.54
1994
 
144,196,600
158.4
2.43
0.55
1995
 
147,915,800
162.4
2.58
0.56
1996
 
151,056,200
165.9
2.12
0.56
1997
 
154,541,200
169.7
2.31
0.57
1998
 
158,481,200
174.1
2.55
0.57
1999
 
161,531,300
177.4
1.92
0.58
2000
 
165,370,800
181.6
2.38
0.59
2001
 
165,522,200
181.8
0.09
0.58
2002
 
165,095,100
181.3
-0.26
0.57
2003
 
165,921,500
182.2
0.50
0.57
2004
 
168,839,700
185.4
1.76
0.58
2005
 
172,338,400
189.3
2.07
0.58
2006
 
175,868,600
193.1
2.05
0.59
2007
 
179,543,700
197.2
2.09
0.60
2008
 
179,213,900
196.8
-0.18
0.59
2009
 
173,636,700
190.7
-3.11
0.57
2010
 
172,901,700
189.9
-0.42
0.56
2011
 
176,091,700
193.4
1.84
0.57
2012
 
178,979,700
196.6
1.64
0.57
2013
 
182,325,100
200.2
1.87
0.58
2014
 
186,233,800
204.5
2.14
0.58
2015
 
190,315,800
209.0
2.19
0.59
2016
 
193,371,900
212.4
1.61
0.60
2017
 
196,825,300
216.2
1.79
0.61
2018
 
200,746,000
220.5
1.99
0.61
Source: Calculations by the New Hampshire Regional Economic Analysis Project (NH-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2019
REAP_PI_CA1400_1000_PN
 
   
Copyright © 2020. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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