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Just Released: A New Tool for Tracking Regional Employment Trends
Today we are launching a Regional Employment web interactive that gives users a convenient place to measure and analyze employment trends in the Federal Reserve’s Second District. The interactive features the New York Fed’s early benchmarked regional employment data, which anticipate revisions that are made to official preliminary data released by the Bureau of Labor Statistics at a later date, and so tend to track employment trends more closely than initial monthly releases. The new interactive illustrates employment trends for more than twenty geographies in the region, including ...
Many Major District Metro Areas Have Yet to Recover to Their Prepandemic Employment Levels
The nation’s employment took less than 2 years to recover from the pandemic-associated recession. That many metro areas in our region have yet to see the same recovery suggests that structural factors may be limiting their progress.