Employment in the New York - New Jersey Region: 2008 Review and Outlook

7 Pages Posted: 28 Oct 2008

See all articles by Jason Bram

Jason Bram

Independent

James Orr

Federal Reserve Bank of New York

Rae D. Rosen

Federal Reserve Bank of New York

Date Written: September 1, 2008

Abstract

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.

Keywords: employment, outlook, new york city, new jersey, new york, financial sector

JEL Classification: R10, R11

Suggested Citation

Bram, Jason and Orr, James and Rosen, Rae D., Employment in the New York - New Jersey Region: 2008 Review and Outlook (September 1, 2008). Current Issues in Economics and Finance, Vol. 14, No. 7, September/October 2008, Available at SSRN: https://ssrn.com/abstract=1288691 or http://dx.doi.org/10.2139/ssrn.1288691

James Orr

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Rae D. Rosen

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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