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.

The Tenth District economy slowed down in 1998, with employment growing marginally below the national average. Despite very tight labor markets, employment growth remained healthy in many sectors. Construction; trade; transportation, communications, and public utilities; and finance, insurance, and...

All of the stops and starts the national and regional economies made in 1998 were enough to make a drum major dizzy.

The economy of the Eighth Federal Reserve District gets a second wind.

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...

Information about the national economy is typically available well before information about the regional economy. For example, national employment data are usually released about a month before data for individual states, and the state data are often revised subsequently, resulting in a lag of...