Journal Article
Employment in the New York - New Jersey Region: 2008 review and outlook
Abstract: The 2007 slowing in job growth in the New York - New Jersey region continued through August 2008. A projected weakening in the national economy through the end of 2008 combined with the market turmoil affecting New York City's finance sector suggests that the region will post substantially smaller job gains this year than it did in 2007. Beyond 2008, continued financial stress could lead to an even sharper and more protracted contraction in the city's finance sector, potentially spreading to other sectors of the region's economy.
Keywords: Economic conditions; Employment; Federal Reserve District, 2nd;
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Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Current Issues in Economics and Finance
Publication Date: 2008
Volume: 14
Issue: Sep
Order Number: 7