Journal Article

New York City's economy before and after September 11


Abstract: An analysis of employment and income trends suggests that the economic impact of the September 11 attack on New York City was somewhat less severe than originally thought. The attack created sizable job and income losses, but the city's current downturn appears to stem largely from other, cyclical factors - namely, the national economy and the financial markets.

Keywords: Employment - New York (N.Y.); Federal Reserve District, 2nd; Income - New York (N.Y.); War - Economic aspects; Economic conditions - New York (N.Y.); Business cycles;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Publication Date: 2003

Volume: 9

Issue: Feb

Order Number: 2