The Associated Press November 16, 2010, 1:35PM ET

NH unemployment rate drops to 5.4 percent in Oct.

New Hampshire's unemployment rate is continuing to go down.

The state office of Employment Security says New Hampshire's unemployment rate in October was 5.4 percent, a 0.1 percentage point drop from the prior month.

The figures show the number of New Hampshire residents with jobs increased by almost 3,000 over September and it's up more than 14,000 over October 2009.

The state says about 705,000 New Hampshire residents are now working.

Gov. John Lynch says the statistics show New Hampshire is on the right track to economic recovery.

Lynch says the state must continue to get people back to work, which includes investing in job training to ensure New Hampshire has the skilled work force needed to fill the jobs that are being created.

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