The October 2022 seasonally adjusted rate was 2.9%, according to a news release.

In July, the number dipped to 1.7%, the lowest in the state’s 47 years of recordkeeping.

Seasonally adjusted estimates for October placed the number of employed residents at 743,020, an increase of 430 from the previous month and a decrease of 3,900 from October 2022.

The number of unemployed residents increased by 1,180 over the month to 16,300. This was 6,050 fewer unemployed than in October 2022.

From September 2023 to October 2023, the total labor force increased by 1,610 to 759,320. This was a decrease of 9,950 New Hampshire residents from October 2022, according to the release.

Nationally, the seasonally adjusted unemployment rate for October was 3.9%, the state said.