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 area. Downsizings also hit a number of the area's nonmanufacturing sectors, including government, transportation, and public utilities.Industries ; New York (N.Y.) ; Federal Reserve District, 2nd

Challenges facing the New York metropolitan area economy

The skilled and well-educated workforce of the New York metropolitan area has played a large role in enabling the region to withstand adverse economic shocks and adapt successfully to a services economy. A further expansion of this "human capital" will enable the metro area to meet the challenges ahead: attracting new firms, maintaining immigration flows, and competing successfully with fast-growing metro areas in other parts of the country.Labor market - New York (State) ; Labor market - New Jersey ; Federal Reserve District, 2nd

New York and New Jersey poised for modest job growth in 2005

Combined employment in New York and New Jersey will expand by 1.1 percent in 2005, following projected growth of 0.9 percent in 2004. Slower than expected growth in the U.S. economy or a falloff in financial market activity, however, could jeopardize the states' employment outlook. Subseries: Second District Highlights.Federal Reserve District, 2nd ; Employment - New York (State) ; Employment - New Jersey

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.New York (N.Y.) ; Securities

Evaluating the price competitiveness of U.S. exports

An index developed by the authors is used to track the U.S. dollar's performance against a number of foreign currencies. The authors' comparison of the index with the relative export growth rates of Japan and Germany suggests that in the 1990s the dollar stayed near levels that put the United States and its main export rivals on an equal footing. Nevertheless, the dollar's rise in 1997, if sustained, will make it more difficult for U.S. firms to keep pace with their competitors.Foreign exchange ; Dollar, American

A leaner, more skilled U.S. manufacturing workforce

While the U.S. manufacturing sector has contracted sharply since the early 1980s, employment in high-skill manufacturing occupations has risen by an impressive 37 percent. An investigation of the growth in high-skill manufacturing jobs reveals that virtually all of the nation's industries have shared in this trend. Moreover, skill upgrading has occurred in all parts of the country, even those experiencing severe employment losses.Manufacturing industries ; Employment ; Labor market ; Employees, Training of

Foreign-Born Population in Upstate New York

For immigrants coming to New York State, NYC has traditionally been the gateway, the area where many first arrive and settle. Since the large number of foreign-born city residents has contributed significantly to population growth in the area, it is not surprising that downstate immigration trends have been well documented. Less often recognized, however, is the fact that a substantial number of immigrants -- more than 200,000 -- make their home in major upstate metropolitan areas. This influx of immigrants upstate has gone relatively unnoticed -- masked, no doubt, by the negligible growth in the region's overall population. This paper relies on 2000 Census data to create a profile of the upstate immigrants and to shed light on the role they play in the region's population growth and economy. It compares the demographic characteristics of this group with those of the foreign-born in New York City. It also investigates the extent to which the immigrants' education and occupational skills put them in competition for jobs with U.S.-born residents or enable them to fill jobs that complement those held by the native-born

Triglops dorothy, a new species of sculpin (Teleostei: Scorpaeniformes: Cottidae) from the southern Sea of Okhotsk

A new species of the cottid genus Triglops Reinhardt is described on the basis of 21 specimens collected in Aniva Bay, southern Sakhalin Island, Russia, and off Kitami, on the northern coast of Hokkaido, Japan, at depths of 73–117 m. Of the ten species of Triglops now recognized, the new species, Triglops dorothy, is most similar to T. pingeli Reinhardt, well known from the North Atlantic and North Pacific oceans and throughout coastal waters of the Arctic. The new species differs from T. pingeli in a combination of morphometric and meristic characters that includes most importantly the number of dorsolateral scales; the number of oblique, scaled dermal folds below the lateral line; and the number of gill rakers

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.Employment - New York (State) ; Employment - New Jersey ; Federal Reserve District, 2nd

The New York - New Jersey job recovery

Modest employment is expected to continue through 1997, with the New York City metropolitan area creating the bulk of new jobs.Federal Reserve District, 2nd ; Employment (Economic theory)