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Over the past two decades, inequality trends in the New York-New Jersey region have largely followed the nation's: among year-round, full-time workers, the earnings gap has widened about 50 percent.
Persistent link: https://www.econbiz.de/10005387174
In addition to exacting a tremendous human toll, the September 11 attack on the World Trade Center caused billions of dollars in property damage and a temporary contraction in New York City's economy. This article explores the effect of these events on the longer run economic prospects for the...
Persistent link: https://www.econbiz.de/10005372934
The attack on the World Trade Center had an enormous financial, as well as emotional, impact on New York City. This article measures the short-term economic effects on the city's labor force and capital stock through June 2002, the end of the recovery process at the World Trade Center site....
Persistent link: https://www.econbiz.de/10005372993
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...
Persistent link: https://www.econbiz.de/10008627108
The New York-New Jersey region entered a pronounced downturn in 2008, but the pace of decline eased considerably in spring 2009 and then leveled off in July, according to three key Federal Reserve Bank of New York economic indexes. These developments, in conjunction with a growing consensus that...
Persistent link: https://www.econbiz.de/10008627109
Between 1969 and 1999, the New York-New Jersey region experienced a steeper drop in manufacturing employment than any other area of the United States. Much of the unusually sharp job decline can be attributed to the geographic dispersion of manufacturing_that is, the gradual movement of...
Persistent link: https://www.econbiz.de/10005387200
An analysis of employment and income trends suggests that the economic impact of the September 11 attack on New York City was somewhat less severe than originally thought. The attack created sizable job and income losses, but the city's current downturn appears to stem largely from other,...
Persistent link: https://www.econbiz.de/10005387205
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...
Persistent link: https://www.econbiz.de/10005717174
Consumers and analysts remain wary about the economic prospects of the Second District. But is caution here simply becoming habit? True, there are some weak spots, but strong performance in the southern tier is pointing to a brighter economic future for the district.
Persistent link: https://www.econbiz.de/10005502201
Although the new-media industry has been a fairly strong contributor to New York City's economic growth, the city's reputation as a new-media hub appears to be overstated.
Persistent link: https://www.econbiz.de/10005512149