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Conference Paper
Neighborhood revitalization in New York City in the 1990s
Journal Article
The American Recovery and Reinvestment Act of 2009: a review of stimulus spending in New York and New Jersey
The ARRA stimulus package was designed to spur economic and employment growth in response to a deepening U.S. recession and the weakened fiscal conditions of many state governments. An analysis of the local allocation of ARRA funds shows that the $35 billion of stimulus spending in New York was relatively concentrated in expanded funding for Medicaid, while a large share of the $12 billion allocated to New Jersey went to extending unemployment insurance benefits. While ARRA funding supplemented tax revenues in both states in fiscal years 2010 and 2011, the program's spending components are ...
Journal Article
Employment in the New York - New Jersey Region: 2008 review and outlook
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.
Journal Article
Taking the pulse of the New York City economy
Although New York City's payroll employment is rising briskly, it still falls short of its 2001 peak, raising concerns that the local economy is not generating enough jobs. However, a look at a broader set of economic indicators-alternative job measures, wage and salary earnings, and a composite index of economic activity-suggests that the economy is significantly healthier than the payroll count indicates. Indeed, a measure of employment among New York City residents shows a strong upward trend extending over the past thirty years. Subseries: Second District Highlights.
Journal Article
Can New York City bank on Wall Street?
The securities industry is more important than ever to the New York City economy, and a protracted downturn in the industry's employment could seriously hurt the overall job picture. Increased stability in other New York City industries, however, could help soften the economic effects of such a downturn.
Journal Article
1996 job outlook: the New York - New Jersey region
The New York-New Jersey region's hard-earned recovery in employment is being overshadowed by ongoing job losses in certain sectors and the prospect of moderating growth in the United States as a whole. Fortunately, several positive trends are bolstering the region's employment picture. Strength in the services sector, a falloff in restructuring, and gains in income point to continuing--though modest--regional job growth in 1996.
Journal Article
A leaner, more skilled U.S. manufacturing workforce
While the U.S. manufacturing sector has contracted sharply since the early 1980s, employment in high-skill manufacturing occupations has risen by an impressive 37 percent. An investigation of the growth in high-skill manufacturing jobs reveals that virtually all of the nation's industries have shared in this trend. Moreover, skill upgrading has occurred in all parts of the country, even those experiencing severe employment losses.
Journal Article
Is the worst over? Economic indexes and the course of the recession in New York and New Jersey
The New York-New Jersey region entered a pronounced downturn in 2008, but the pace of decline eased considerably in spring 2009 and then leveled off in July, according to three key Federal Reserve Bank of New York economic indexes. These developments, in conjunction with a growing consensus that the national economy is headed for recovery, suggest that the worst may be over for the region's economy. However, a downsizing of the area's critical finance sector could pose a major risk to the economic outlook going forward--particularly for New York City.
Journal Article
New York and New Jersey poised for modest job growth in 2005
Combined employment in New York and New Jersey will expand by 1.1 percent in 2005, following projected growth of 0.9 percent in 2004. Slower than expected growth in the U.S. economy or a falloff in financial market activity, however, could jeopardize the states' employment outlook. Subseries: Second District Highlights.
Journal Article
Two new indexes offer a broad view of economic activity in the New York - New Jersey region
The authors develop two coincident indexes that provide a comprehensive measure of economic activity in New Jersey, New York State, and New York City.