43 posts on "Employment"
December 30, 2013
Fairfield County Weathers Job Losses in Finance
Fairfield County, comprising the southwestern corner of Connecticut, is sometimes thought of as an affluent “bedroom community” outside New York City—a place filled with commuters taking home large paychecks.
November 15, 2013
A Long Road to Economic Recovery for the U.S. Virgin Islands
The U.S. Virgin Islands are a small and unique component of the Second Federal Reserve District.
April 3, 2013
Just Released: February Report Points to Moderate Regional Economic Growth
The February Indexes of Coincident Economic Indicators (CEIs) for New York State, New York City, and New Jersey released today show activity expanding at a moderate pace across the region.
November 28, 2012
The Different Paths of Greece and Spain to High Unemployment
Euro area GDP remains below its 2007 level due to the global financial meltdown
and the subsequent sovereign debt crisis in the periphery countries.
September 26, 2012
Rebalancing the Economy in Response to Fiscal Consolidation
According to the Congressional Budget Office (CBO), under current policies the ratio of federal debt held by the public over gross domestic product—the debt-to-GDP ratio—will rise rapidly over the next decade.
June 6, 2012
Is Wall Street the Only Street in New York City?
Has Wall Street—the term for the securities industry that symbolizes New York City’s role as a global financial center—become less of a specialty for the city?
March 30, 2012
Historical Echoes: How the BLS Measured Up
The measurement of employment and unemployment in the United States has a long history–longer, in fact, than that of other measures of economic activity.
March 21, 2012
Just Released: January’s Indexes of Coincident Economic Indicators Show Fairly Robust Activity across the Region
The January Indexes of Coincident Economic Indicators for New York State, New York City, and New Jersey, released today, show fairly robust economic growth entering 2012.
Posted at 7:00 am in Crisis, Employment, New Jersey, New York, Regional Analysis, Unemployment | Permalink
February 15, 2012
Just Released: February’s Empire State Manufacturing Survey Signals a Further Pickup
February’s Empire State Manufacturing Survey (ESMS) indicates that manufacturing activity in New York State continued to expand for a third consecutive month.
August 31, 2011
Is There Stigma to Discount Window Borrowing?
The Federal Reserve employs the discount window (DW) to provide funding to fundamentally solvent but illiquid banks (see the March 30 post “Why Do Central Banks Have Discount Windows?”). Historically, however, there has been a low level of DW use by banks, even when they are faced with severe liquidity shortages, raising the possibility of a stigma attached to DW borrowing. If DW stigma exists, it is likely to inhibit the Fed’s ability to act as lender of last resort and prod banks to turn to more expensive sources of financing when they can least afford it. In this post, we provide evidence that during the recent financial crisis banks were willing to pay higher interest rates in order to avoid going to the DW, a pattern of behavior consistent with stigma.
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