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

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)

1997 job outlook: the New York-New Jersey region

Major industrial and government restructurings have dominated employment reports in the New York-New Jersey region, leading to widespread pessimism about the region's job prospects. Nevertheless, for the past several years, the two states have managed to achieve modest job gains. In 1997, employment growth in New York and New Jersey will accelerate slightly as the pace of restructurings slows.Employment (Economic theory) ; New York (State) ; New Jersey ; Federal Reserve District, 2nd

New York-New Jersey region's job growth to continue in 1999, but risks have risen

Employment growth in the New York-New Jersey region in 1998 is likely to match the previous year's pace of 1.7 percent, or 200,000 new jobs. Growth will continue in 1999, but it will slow modestly, to about 1.2 percent, or 145,000 new jobs.Federal Reserve District, 2nd ; Employment - New York (State) ; Employment - New Jersey ; Economic conditions - United States

New York - New Jersey job expansion to continue in 2000

Employment growth in the New York-New Jersey region in 2000 is expected to reach 1.8 percent, or 290,000 new jobs--continuing a seven-year expansion trend. However, some moderation in the growth in the national economy over the second half of 2000 may slow the region's job growth and prevent it from matching last year's rate.Employment - New York (State) ; Employment - New Jersey ; Federal Reserve District, 2nd

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.Federal Reserve District, 2nd ; Employment ; Economic conditions

Leading economic indexes for New York State and New Jersey

The authors develop indexes of leading economic indicators for New York State and New Jersey over the 1972-99 period. They find that the leading indexes convey useful information about the future course of economic activity in both states. The authors then construct separate indexes to forecast recessions and expansions in each state. The movements of the recession and expansion indexes are found to display a close relationship with the behavior of the leading indexes. Accordingly, the recession and expansion indexes allow the authors to extend the informational content of the leading indexes by estimating the probability of an upcoming cyclical change in state economic activity within the next nine months.Economic indicators ; New York (State) ; New Jersey ; Index numbers (Economics) ; Economic conditions - United States ; Federal Reserve District, 2nd

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.Federal Reserve District, 2nd ; Employment ; Economic conditions ; Service industries

Two new indexes offer a broad view of economic activity in the New York - New Jersey region

The authors develop two coincident indexes that provide a comprehensive measure of economic activity in New Jersey, New York State, and New York City.Federal Reserve District, 2nd ; Economic conditions - United States ; New York (N.Y.) ; New York (State) ; New Jersey ; Index numbers (Economics)