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?
Just Released: Regional Economic Press Briefing on Job Polarization and Rising Inequality
Over the past three decades, the United States has seen substantial growth in both high- skill and low-skill jobs, while growth of those in the middle has stagnated.
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.
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.
How Colleges and Universities Can Help Their Local Economies
Policymakers are increasingly viewing colleges and universities as important engines of growth for their local areas.
Tough Decisions, Depleted Revenues: New Jersey’s Education Finances during the Great Recession
Today’s post, which complements Monday’s on New York State, considers the Great Recession’s impact on education funding in New Jersey.
How Did the Great Recession Affect New York State’s Public Schools?
Surprisingly, there is no literature on how recessions (including the Great Recession) have affected schools.
Forecasting with Internet Search Data
Most economic data are released with a lag, sometimes quite a substantial one. Since the advent of regularly scheduled releases of economic data in the 1930s, a key challenge for economists has been to identify indicators that provide timely information about the release before it comes out—effectively, that “now-cast” its content.
Unintended Consequences in School Accountability Policies
Over the past two decades, state and federal education policies have tried to hold schools more accountable for educating their students.
Local Hangovers: How the Housing Boom and Bust Affected Jobs in Metro Areas
What explains why some places suffered particularly severe job losses during the Great Recession? In this post, we extend our recent Current Issues article analyzing regional dimensions of the latest housing cycle and show that metropolitan areas that experienced the biggest housing booms and busts from 2000 to 2008 lost the most jobs during the recession. Not surprisingly, construction activity helps explain the tight link between housing and local job market performance. Given this pattern, we believe that each metro area’s boom-bust experience is likely to continue to influence its growth prospects for some time to come.