-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
Do you have a request for information and records? Learn how to submit it.
Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
-
-
-
We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
-
April 3, 2001
NOTE TO EDITORS
"New York-New Jersey Job Expansion to Moderate in 2001," the latest issue of the New York Fed's Second District Highlights, is enclosed for your review.
Employment in the New York-New Jersey region will continue to expand this year, but the pace of job growth will drop to 1.5 percent, from 2.2 percent in 2000, according to New York Fed economists James Orr and Rae D. Rosen. The slower growth rate will mean the creation of roughly 190,000 jobs in the region, down from 275,000 jobs last year.
New York City will lead the rest of the region in job growth, with jobs expanding at a 1.9 percent pace. In New Jersey, employment will grow 1.6 percent, and in New York State, 1.5 percent. Two factors, the authors note, have given New York City an edge in maintaining its job gains: the rapid growth of the city’s computer services firms and the stimulus provided to the local economy by the high compensation levels in the securities and computer services industries.
The authors’ examination of the region’s job growth includes a review of trends in 2000. According to Orr and Rosen, the employment growth rate for the region’s private sector was well above the corresponding national rate. Record profits in the securities industry and strong "pipeline" demand for employees with computer skills offset the negative effects of the stock market retrenchment and dot-com failures that occurred in the second half of the year.
Contact: Douglas Tillett or Steven Malin
