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Author:Rosen, Rae D. 

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.
Current Issues in Economics and Finance , Volume 2 , Issue Apr

Journal Article
The New York - New Jersey job recovery

Modest employment is expected to continue through 1997, with the New York City metropolitan area creating the bulk of new jobs.
Current Issues in Economics and Finance , Volume 3 , Issue Oct

Report
The linkage between regional economic indexes and tax bases: evidence from New York

This paper examines the linkage between economic activity and tax revenues for New York State and New York City. Drawing upon the methodology of Stock and Watson, we use a dynamic single-factor model to estimate indexes of coincident economic indicators. We also construct measures of the sales and withholding tax bases. To conduct an empirical analysis of the relationship between the indexes of economic activity and the tax base series, we use vector autoregression and error correction models. The results provide strong evidence that the coincident indexes contain useful information for ...
Staff Reports , Paper 188

Journal Article
New York - New Jersey job expansion to continue in 2000

Employment growth in the New York-New Jersey region in 2000 is expected to reach 1.8 percent, or 290,000 new jobs--continuing a seven-year expansion trend. However, some moderation in the growth in the national economy over the second half of 2000 may slow the region's job growth and prevent it from matching last year's rate.
Current Issues in Economics and Finance , Volume 6 , Issue Apr

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.
Current Issues in Economics and Finance , Volume 15 , Issue Sep

Journal Article
New York City immigrants: the 1990s wave

Fueled by a steady influx of immigrants, New York City's population turnover in the 1990s was almost double the average for the nation's 100 largest cities. A close look at the city's new foreign-born residents suggests that they are a very diverse group, showing marked differences in education level, English language fluency, and other characteristics that help determine labor market skills and performance.
Current Issues in Economics and Finance , Volume 11 , Issue Jun

Journal Article
Leading economic indexes for New York State and New Jersey

The authors develop indexes of leading economic indicators for New York State and New Jersey over the 1972-99 period. They find that the leading indexes convey useful information about the future course of economic activity in both states. The authors then construct separate indexes to forecast recessions and expansions in each state. The movements of the recession and expansion indexes are found to display a close relationship with the behavior of the leading indexes. Accordingly, the recession and expansion indexes allow the authors to extend the informational content of the leading indexes ...
Economic Policy Review , Issue Mar , Pages 73-94

Journal Article
New York - New Jersey job expansion to moderate in 2001

New York City will set the pace for job growth in the New York-New Jersey region in 2001, with employment advancing 1.9 percent over the year. For the region as a whole, the rate of job growth will drop to 1.5 percent, from 2.2 percent in 2000.
Current Issues in Economics and Finance , Volume 7 , Issue Mar

Journal Article
New York - New Jersey job recovery expected to continue in 1998

The pattern of employment recovery in the New York-New Jersey region is expected to remain unbroken in 1998, despite a slight slowing of job growth.
Current Issues in Economics and Finance , Volume 4 , Issue Mar

Journal Article
1997 job outlook: the New York-New Jersey region

Major industrial and government restructurings have dominated employment reports in the New York-New Jersey region, leading to widespread pessimism about the region's job prospects. Nevertheless, for the past several years, the two states have managed to achieve modest job gains. In 1997, employment growth in New York and New Jersey will accelerate slightly as the pace of restructurings slows.
Current Issues in Economics and Finance , Volume 3 , Issue Jan

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