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Journal Article
New York - New Jersey job recovery expected to continue in 1998
The pattern of employment recovery in the New York-New Jersey region is expected to remain unbroken in 1998, despite a slight slowing of job growth.
Journal Article
Job growth in New York and New Jersey: mid-2007 review and outlook
Employment in the New York-New Jersey region expanded by about 0.9 percent in 2006. Slightly slower job growth - on the order of 0.8 percent - was recorded in the first half of 2007 and is expected to continue throughout the year, in part reflecting moderating growth in the national economy. The employment rise in New York State was led by a strong expansion of services jobs in New York City; any sustained weakening in the city's financial sector would be unlikely to affect employment significantly until 2008.
Journal Article
1996 job outlook: the New York - New Jersey region
The New York-New Jersey region's hard-earned recovery in employment is being overshadowed by ongoing job losses in certain sectors and the prospect of moderating growth in the United States as a whole. Fortunately, several positive trends are bolstering the region's employment picture. Strength in the services sector, a falloff in restructuring, and gains in income point to continuing--though modest--regional job growth in 1996.
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.
Journal Article
The trade balance effects of foreign direct investment in U.S. manufacturing
With the rise in foreign direct investment in U.S. manufacturing during the 1980s, the affiliates of foreign multinationals have become potentially important sources of improved U.S. international competitiveness. This article describes the growing foreign presence in the U.S. manufacturing sector and identifies the channels through which foreign investment is most likely to influence exports and imports. The author presents estimates of the long-term trade balance effects of increased foreign ownership of U.S. manufacturing firms.
Journal Article
Taking the pulse of the New York City economy
Although New York City's payroll employment is rising briskly, it still falls short of its 2001 peak, raising concerns that the local economy is not generating enough jobs. However, a look at a broader set of economic indicators-alternative job measures, wage and salary earnings, and a composite index of economic activity-suggests that the economy is significantly healthier than the payroll count indicates. Indeed, a measure of employment among New York City residents shows a strong upward trend extending over the past thirty years. Subseries: Second District Highlights.
Conference Paper
Neighborhood revitalization in New York City in the 1990s
Journal Article
New York - New Jersey job expansion to moderate in 2001
New York City will set the pace for job growth in the New York-New Jersey region in 2001, with employment advancing 1.9 percent over the year. For the region as a whole, the rate of job growth will drop to 1.5 percent, from 2.2 percent in 2000.
Discussion Paper
Some Options for Addressing Puerto Rico’s Fiscal Problems
Puerto Rico’s economic and fiscal challenges have been an important focus of work done here at the New York Fed, resulting in two reports (2012 and 2014), several blog posts and one paper in our Current Issues series in just the last few years. As the Commonwealth’s problems have deepened, the Obama administration and Congress have begun discussing potential approaches to addressing them. In this post, we update our previous estimates of Puerto Rico’s outstanding debt and discuss the effect that various forms of bankruptcy protection might have on the Commonwealth.