Search Results
Journal Article
From laboratory to market: the biotechnology industry in the Third District
In "From Laboratory to Market: The Biotechnology Industry in the Third District," Tim Schiller describes major biotechnology products and reviews estimates of the industry's size and scope. He also outlines where the industry is most active in the United States, especially in the Third District states of Pennsylvania, New Jersey, and Delaware.
Journal Article
Unemployment rates in tri-state metropolitan areas
The national unemployment rate is a closely watched monthly economic statistic. It provides a measure of the health of the labor market and is one of many statistical gauges of economic conditions. The U.S. Bureau of Labor Statistics calculates the national unemployment rate as well as unemployment rates for the 50 states and many sub-state areas. This Research Rap Special Report looks at unemployment rates at one of these sub-state levels ? the metropolitan area ? in the three states in the Third Federal Reserve District: Delaware, New Jersey, and Pennsylvania. Metropolitan area unemployment ...
Journal Article
Human capital and higher education: how does our region fare?
The number of people in a given state or region with a college education varies across the nation. States in the Third Federal Reserve District (Pennsylvania, New Jersey, and Delaware) compare favorably with the nation on measures of college education and the three states as a whole are close to the national average. Despite its average ranking in educational attainment, the area is a premier location for colleges and universities. In ?Human Capital and Higher Education: How Does Our Region Fare?? Tim Schiller evaluates the region?s standing with respect to college education by reviewing data ...
Journal Article
Growing slowly, getting older: demographic trends in the Third District states
National trends such as slower population growth, an aging population, and immigrants as a larger component of the population are mirrored in the Third District states (Pennsylvania, New Jersey, and Delaware). These trends are likely to persist and perhaps even accelerate well into the future. In "Growing Slowly, Getting Older: Demographic Trends in the Third District States," Tim Schiller reviews these trends and their possible interaction with health care and retirement benefit programs nationally and in the Third District states.
Journal Article
Industry concentration in tri-state metropolitan areas
Journal Article
Rewiring the system: the changing structure of the electric power industry.
In the United States, significant changes have taken place in the structure of electricity markets. Twenty-three states, including Pennsylvania, New Jersey, and Delaware, have changed or will be changing their laws to allow consumers to switch electricity suppliers. In some states, millions of consumers have already switched. What brought about the deregulation of an industry previously considered a "natural monopoly"? In "Rewiring the System: The Changing Structure of the Electric Power Industry," Tim Schiller describes the changes in law and the developments in economic theory that ...
Journal Article
Housing: boom or bubble?
In recent years, the U.S. has seen an extraordinary increase in demand for housing and a rapid rise in house prices. Data show that nationally, the average price of an existing home, adjusted for inflation, rose more than 8 percent in 2004 and 2005, a faster pace than in any previous year. Some people have questioned whether this rapid rise was sustainable, and recent declines in the housing market have made this question more urgent. In "Housing: Boom or Bubble?," Tim Schiller asks whether there was a so-called bubble in house prices or whether fundamental economic factors explain the ...
Journal Article
Agriculture in the Third District: fertile fields outside the farm belt
Although not part of the nation's agricultural heartland, the three states of the Third Federal Reserve District (Pennsylvania, New Jersey, and Delaware) nonetheless supply a significant percentage of some commodities. In some parts of the region, agriculture is a significant part of the local economy. In this article, Tim Schiller looks at the contributions the three states make to the nation's agricultural bounty.
Journal Article
Taking the measure of manufacturing
In "Taking the Measure of Manufacturing" Tim Schiller and Mike Trebing outline several of the most important surveys and indexes that track manufacturing, describe their similarities and differences, and discuss their usefulness in providing timely and accurate data on the sector.
Journal Article
\\"What's it worth? Property taxes and assessment practices\\"
Residential property taxes are both a major source of local government financing and a significant cost of owning a home. Tax limitation measures and relatively moderate gains in house prices during most of the 1990s tended to keep property taxes from rising rapidly in those years. But from the late 1990s to the mid-2000s, house prices once again rose sharply. Property taxes followed a similar path, bringing them to greater public attention once again. Now that house prices appear to have shifted to a level or downward trend in most parts of the country, there seems to be increasing concern ...