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Journal Article
The predictive abilities of the New York Fed's Empire State Manufacturing Survey
Business surveys often give early signals of the direction and magnitude of economic activity. One release, the relatively new Empire State Manufacturing Survey, is demonstrating an ability to provide information ahead of U.S. production and employment trends. In fact, the predictive power of this survey appears to be at least equal to that of two established manufacturing surveys. This issue is part of the Second District Highlights series.
Journal Article
Manufacturing matters: conference explores challenges faced by Buffalo's manufacturing sector
The June 6 conference "Manufacturing Matters" was sponsored by the Federal Reserve Bank of New York, Buffalo Branch in conjunction with the Western New York Technology Development Center and the Buffalo Niagara Partnership's Manufacturers Council.
Journal Article
Restructuring in the manufacturing workforce: New York State and the nation
We analyze the restructuring of the manufacturing workforce over the past two decades by investigating how the occupational distribution of workers has changed. We identify important regional differences in the nature and degree of this restructuring, and give particular attention to New York State's experience in relation to that of other states in the Northeast.
Journal Article
Vitality in upstate medical manufacturing
We describe the medical manufacturing industry generally and examine the industry's presence in upstate New York and its metropolitan areas. We show that upstate has a considerable employment concentration in the manufacture of both medical devices and pharmaceuticals. This activity is distributed widely among the region's metropolitan areas, with Buffalo, Glens Falls, Rochester, Syracuse, and Utica specializing in the industry overall and Albany showing strength in two subindustries.
Journal Article
The upstate economy under the new NAICS classification system
We examine the composition of the upstate New York economy as reflected by the new NAICS (North American Industry Classification System) classifications, and explain how this new perspective changes our understanding of the economy. In addition, given the importance of manufacturing to upstate New York, we examine in detail the manufacturing sector under the new NAICS classification.