1997 Job Outlook: The New York-New Jersey Region - FEDERAL RESERVE BANK of NEW YORK

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Current Issues in Economics and Finance

1997 Job Outlook: The New York-New Jersey Region

January 1997 Volume 3 Number 1

JEL classification: R1, J00

Authors: James Orr and Rae D. Rosen

Major industrial and government restructurings have dominated employment reports in the New York-New Jersey region, leading to widespread pessimism about the region's job prospects. Nevertheless, for the past several years, the two states have managed to achieve modest job gains. In 1997, employment growth in New York and New Jersey will accelerate slightly as the pace of restructurings slows.

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6 pages / 89 kb

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