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Keywords:Federal Reserve District, 2nd 

Journal Article
Industrial restructuring in the New York metropolitan area

The author analyzes the industrial restructuring process in the New York metropolitan area in the first half of the 1990s. To measure the extent of restructuring, he reviews estimates of permanent job losses of metropolitan workers, mass layoff announcements in the region, and net job changes by industry. The analysis shows that a significant part of the area's recent restructuring reflects a continuation of the long-term trend away from manufacturing toward a service-oriented economy. This shift, while broadly in line with nationwide trends, has been somewhat more intense in the metropolitan ...
Economic Policy Review , Volume 3 , Issue Feb , Pages 61-74

Journal Article
The recession's impact on the state budgets of New York and New Jersey

In the wake of the most recent U.S. recession, both New York State and New Jersey have faced multibillion-dollar budget gaps. An analysis of the makeup of their budgets reveals that the states' heavy reliance on personal income taxes--particularly from high-wage earners in the finance sector--has exacerbated revenue shortfalls. To close their budget gaps, New York and New Jersey have had to make difficult choices about tax increases and service cuts. In the future, the states might take steps to avert such budget quandaries by establishing "rainy day" funds or restructuring taxes to make ...
Current Issues in Economics and Finance , Volume 16 , Issue Jun/Jul

Economic overview: Queens and the region

Remarks at Queens Chamber of Commerce and Queens Economic Development Corporation, Flushing, New York City.
Speech , Paper 47

Journal Article
Employment in the New York - New Jersey Region: 2008 review and outlook

The 2007 slowing in job growth in the New York - New Jersey region continued through August 2008. A projected weakening in the national economy through the end of 2008 combined with the market turmoil affecting New York City's finance sector suggests that the region will post substantially smaller job gains this year than it did in 2007. Beyond 2008, continued financial stress could lead to an even sharper and more protracted contraction in the city's finance sector, potentially spreading to other sectors of the region's economy.
Current Issues in Economics and Finance , Volume 14 , Issue Sep

Journal Article
National and regional factors in the metropolitan economy

The connections between broad economic indicators in the metropolitan region and their national counterparts are examined by the authors. The authors show that over the last seven years, employment growth has been poor in both absolute terms and relative to the nation, possibly indicating a region in decline. However, they note that the region's income growth has been considerably better than its employment growth, suggesting a region whose goods and services remain in healthy demand.
Economic Policy Review , Volume 3 , Issue Feb , Pages 5-19

Journal Article
Appointments of chairmen and deputy chairmen of the Federal Reserve Banks for 2001

Federal Reserve Bulletin , Issue Nov

Journal Article
Business services and the economic performance of the New York metropolitan region

Business services, according to the author, will continue to contribute positively to employment and to earnings growth in the metropolitan region in the years ahead--assuming no cyclical downturn looms on the horizon.
Economic Policy Review , Volume 3 , Issue Feb , Pages 79-82

Journal Article
New York City's unemployment picture

This issue of Second District Highlights briefly examines several explanations that have been offered for the rise in unemployment in New York City from 1994 to 1997.
Current Issues in Economics and Finance , Volume 3 , Issue Dec

Journal Article
Immigration, health, and New York City: early results based on the U.S. new immigrant cohort of 2003

This article was presented at a conference organized by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics in New York City." The goal of the conference was threefold: to examine the historical transformations of the engine-of-growth industries in New York and distill the main determinants of the city's historical dominance as well as the challenges to its continued success; to study the nature and evolution of immigration flows into New York; and to analyze recent trends in a range of socioeconomic outcomes, both for the general population and recent immigrants more ...
Economic Policy Review , Issue Dec , Pages 127-151

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.
The Regional Economy of Upstate New York , Issue Sum


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Federal Reserve District, 2nd 141 items

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