Search Results
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
De novo banking in the third district
Journal Article
Looking ahead: leading indexes for Pennsylvania and New Jersey
Many policymakers and business persons are interested not only in the course of the national economy but also in the prospects for their region's economy. Since 1994, the Philadelphia Fed has published monthly indexes of coincident indicators for the states in the Third Federal Reserve District. A natural complement would be a set of leading indexes. In this article, Ted Crone and Kevin Babyak introduce leading indexes for the two largest states in the District Pennsylvania and New Jersey.
Journal Article
Where have all the factory jobs gone - and why?
Over the past 30 years, the three states of the Third Federal Reserve District have lost more than one-third of their manufacturing jobs. And that job loss has accelerated over the past 15 years. Despite this, the region's manufacturing output has expanded over the same period, although much more slowly than the nation's. Why has the region's manufacturing sector lagged behind? In this article, Ted Crone looks at shifts in markets and differences in costs as possible culprits.
Journal Article
The travel market in the United States and the Third District
How much economic activity does travel generate? How many jobs does the travel industry create? And how do the Third District states?Pennsylvania, New Jersey, and Delaware?stack up in terms of travel-related spending? Tim Schiller takes a look at these questions and discusses the importance of travel and tourism to the local and national economy