The authors document the trends in U.S. saving during the 1980s, giving particular attention to those measures of saving that gauge the growth of productive assets. They go on to assess the effects of these developments on capital formation and the nation's long-term economic potential.

It is well known that job growth in the Second District as a whole has not kept pace with national trends over the last few years. This article offers a different perspective by assessing job trends in specific regions within the District. The authors conclude that employment growth has resumed...