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1. Alternative Measures of Employment
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1. Alternative Measures of Employment The employment data presented at the briefing came from the employer survey (also called the payroll survey). The survey asks employers how many people they have on their payrolls. A person who works part-time for two different employers is counted twice but a person who is self-employed is not counted at all. The next few pages shows the same charts using the household survey. The survey asks people whether or not they are employed. A person who works for two different employers is counted once; a person who is both self-employed and also works for one or more employers is counted once. For the 2009-12 period, the conclusions for the U.S., New England, and New Hampshire are similar, regardless of which survey is used.
More people report they are employed, compared to just after the recession ended. Yet the number of jobholders remains 2-3 percent below peak both locally and nationally. Source: Bureau of Labor Statistics and NBER/Haver Analytics
Since hitting bottom, employment growth has been slower in New England than nationwide. Source: Calculations Based on Bureau of Labor Statistics Data/Haver Analytics
No NE states have kept pace with U.S. employment growth in the past year. Source: Calculations Based on Bureau of Labor Statistics Data/Haver Analytics
2. Where does Federal Spending at the Portsmouth Naval Shipyard get counted, Maine or New Hampshire or some combination of the two states? In the chart presented at the briefing, federal spending is allocated according to where the facility is located—in this case, Maine. Since the Shipyard affects both the Maine and the New Hampshire economies, the bar for Maine overstates the economic contribution of federal spending to the state economy while the bar for New Hampshire understates federal spending. Unfortunately, the Pew Center on the States cannot provide a separate breakdown for the Shipyard.
Federal spending on procurement and pay accounts for about 3% to 6% of GDP in the New England states. Source: Pew Center on the States, “The Impact of the Fiscal Cliff on the States.” November 2012.