Journal Article

Challenges facing the New York metropolitan area economy


Abstract: The skilled and well-educated workforce of the New York metropolitan area has played a large role in enabling the region to withstand adverse economic shocks and adapt successfully to a services economy. A further expansion of this \"human capital\" will enable the metro area to meet the challenges ahead: attracting new firms, maintaining immigration flows, and competing successfully with fast-growing metro areas in other parts of the country.

Keywords: Labor market - New York (State); Labor market - New Jersey; Federal Reserve District, 2nd;

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Provider: Federal Reserve Bank of New York

Part of Series: Current Issues in Economics and Finance

Volume: 12

Issue: Jan

Order Number: 1