Search Results
Journal Article
Technological trends affecting the manufacturing sector of New York City
The author concludes that manufacturing is still a vital part of New York City's economy, despite substantial job losses in this sector over the past two decades. An influx of skilled immigrants, the use of advanced technologies in production processes, and the ability to respond rapidly to global markets give New York City a strong future in manufacturing high-value goods.
Discussion Paper
Where Are Manufacturing Jobs Coming Back?
As we outlined in our previous post, the United States lost close to sixmillion manufacturing jobs between 2000 and 2010 but since then has gained back almost one million. In this post, we take a closer look at the geographic dimension of this modest rebound in manufacturing jobs. While job losses during the 2000s were fairly widespread across the country, manufacturing employment gains since then have been concentrated in particular parts of the country. Indeed, these gains were especially large in ?auto alley??a narrow motor vehicle production corridor stretching from Michigan south to ...
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.
Report
The relative importance of national and regional factors in the New York Metropolitan economy
This paper explores the connections between broad indicators of economic conditions in the New York Metropolitan area and their national counterparts. Our examination provides two different views of the metropolitan economy. First, as is well known, employment growth in the region over the last seven years has been very poor, both in absolute terms and relative to the nation, suggesting a region in decline. On the other hand, the region's income growth has been considerably better, suggesting a region whose goods and services remain in healthy demand. Some methods of analyzing the data ...
Journal Article
Tourism and New York City's economy
In New York City, tourism has made impressive gains in recent years, particularly in the foreign visitor segment. While not large enough to propel the city's economy, this long-term growth industry is critical to maintaining the local export base and providing jobs to low-skilled workers.
Journal Article
Mexico's oportunidades program fails to make the grade in NYC
A program that pays poor, rural Mexican families to keep their children in school didn't translate well to New York City. The latter's version will end this summer.
Journal Article
Performance of metropolitan area industries
In the New York metropolitan region, job losses have been more severe and economic recovery slower than in most other metropolitan areas. But a more interesting, and less pessimistic, story is revealed by regional income: an analysis of aggregate earnings shows that incomes in the region are higher now, in real terms, than they were in 1988. That rise, the author contends, reflects increased productivity and a potential shift in industry composition from less productive to more productive industries.
Journal Article
Poverty in New York City, 1969-99: the influence of demographic change, income growth, and income inequality
The four-year rise in the U.S. poverty rate that began with the 2001 recession and the aftermath of Hurricane Katrina has sparked renewed interest in poverty among researchers and policymakers. Policies for addressing poverty are influenced by perceptions of its causes. Accordingly, this article evaluates the impact of several purported causes of poverty in New York City. Using decennial census data for 1970-2000, the authors employ simulations and a decomposition framework to investigate the relationship between poverty and key demographic and economic changes in the city. They find that two ...
Journal Article
Sources of New York employment fluctuations
The authors analyze employment growth in the metropolitan region and its relationship to employment in the United States as a whole. They identify a strong cyclical link between the region and the nation, punctuated by occasional, persistent shifts in the region's underlying growth rate. Some shifts are found to be related to industry factors, such as the restructuring of financial services in the late 1980s. However, the authors attribute a large and increasing share of New York employment fluctuations to region-specific factors.
Journal Article
Social indicators and the study of inequality - commentary