New Hampshire among states with lowest percentage of professional licenses, but potential costs still add up
A recent report from the nonprofit Institute for Justice has both good news and bad news for New Hampshire when it comes to the economic cost of professional licensure.
On the good side, according to the institute, is that New Hampshire is ranked 48th out of the 50 states and the District of Columbia when it comes to the amount of percentage of workers in the state whose jobs require professional licensing. About 16 percent of Granite State workers are in licensed professions, the report estimates.
But on the negative side, the institute reports, even with that desirable ranking compared to the rest of the country, New Hampshire is still losing $818 million in “misallocated resources” as a result of licensing.