State Minimum Wage Rate for New Hampshire
STTMINWGNH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.25
Year-over-Year Change
0.00%
Date Range
1/1/1968 - 1/1/2025
Summary
The State Minimum Wage Rate for New Hampshire tracks the minimum hourly wage required for most employers in the state. This data point is closely monitored by economists and policymakers to assess the impacts of minimum wage changes on employment, earnings, and cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The New Hampshire state minimum wage rate is the lowest legal hourly pay that can be offered to most workers in the state. This metric is used to analyze the effects of minimum wage policy on the labor market, consumer prices, and overall economic conditions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers.
Historical Context
Minimum wage levels are a key consideration in state-level economic and workforce policies.
Key Facts
- New Hampshire's minimum wage matches the federal rate of $7.25 per hour.
- The minimum wage has remained unchanged in New Hampshire since 2009.
- Over 15% of hourly workers in New Hampshire earn the minimum wage or less.
FAQs
Q: What does this economic trend measure?
A: The State Minimum Wage Rate for New Hampshire tracks the lowest legal hourly pay that can be offered to most workers in the state.
Q: Why is this trend relevant for users or analysts?
A: Minimum wage levels are a key factor in analyzing labor market conditions, consumer spending, and the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of employers in New Hampshire.
Q: How is this trend used in economic policy?
A: Minimum wage rates are a central consideration in state-level workforce and economic development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, but only reflects the state's minimum wage rate, not individual employer policies.
Related Trends
Citation
U.S. Federal Reserve, State Minimum Wage Rate for New Hampshire (STTMINWGNH), retrieved from FRED.