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MNI Survey: Electronics and Machinery Sectors Lead New Hampshire Manufacturing Job Gains in 2023

Posted by IndustryNet on Wednesday, December 27, 2023

New Hampshire Gains Manufacturing Jobs

Above: A worker at life sciences company MilliporeSigma, New Hampshire's third-largest industrial employer. (Image courtesy of PRNewswire)

New Hampshire manufacturers added jobs over the past year, according to data collected from the state’s manufacturing companies by MNI, compiler and publisher of comprehensive business profiles of more than 460,000 U.S. industrial companies. According to MNI’s survey, New Hampshire added a net 1,388 jobs or roughly 1.7% between December 2022 and December 2023, led by the industrial machinery and electronics sector.

New Hampshire is currently home to 1,951 manufacturers employing 80,983 workers according to MNI data.

Industrial machinery is New Hampshire’s top manufacturing sector based on number employees, with 13.593 workers, with jobs up 2.5% over the past year. Electronics manufacturing ranks second with 11,836 workers. Over the past year, employment in this sector rose 2.6%. Third-ranked instruments and related products accounts for 9,028 workers, down 1% over the year.

Manufacturing sub-sectors that posted notable employment gains in New Hampshire over the year included fabricated textile products, up 109%; fabricated structural metal products, up 56%; service industry machinery, up 55%; concrete products, up 27%, and motor vehicle parts and accessories, up 26%.

These job gains were offset by losses in bookbinding, down 74%; ready-mix concrete, down 20%; and computer peripheral equipment, down 12%.

MNI’s city data reveals Manchester ranks as New Hampshire’ top city by number of manufacturing jobs, home to 7,606 workers, with employment up a third of a percent over the year. Second-ranked Nashua accounts for 4,655 jobs, down 3.3% over the past year, while Londonderry employs 4,849, up 2.2%.

Top manufacturing cities in New Hampshire that posted employment gains over the past year include Jaffrey, which advanced 5.1%, and Salem, which gained 3.3%.

Manufacturing companies announcing expansions in New Hampshire included New Balance, which announced the groundbreaking of its sixth U.S. footwear manufacturing plant in Londonderry in November 2023.

Want to know more about New Hampshire manufacturing companies? Read our post Top 10 Manufacturing Companies in New Hampshire. Looking to contact New Hampshire manufacturing companies? Learn more about our New Hampshire data for sales, marketing, business development and research here.

 

Want to keep up with the latest industrial procurement & sourcing trends and exclusive statistics from MNI? Industry professionals trust the free weekly IndustryNet Insider email as their go-to source for industrial news & statistics you can't find anywhere else. Subscribe here.




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