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139 posts on "Regional Analysis"
August 10, 2016

Puerto Rico’s Shrinking Labor Force Participation

A key concern about Puerto Rico’s prospects is that its labor force participation rate, which is the percentage of the adult population either working or looking for work, has fallen sharply.

August 9, 2016

Just Released: Recent Developments in Consumer Credit Card Borrowing

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released its Quarterly Report on Household Debt and Credit for the second quarter of 2016.

Migration in Puerto Rico: Is There a Brain Drain?

Given Puerto Rico’s long-term economic malaise and ongoing fiscal crisis, it is no wonder that out-migration of the Island’s residents has picked up.

August 8, 2016

Restoring Economic Growth in Puerto Rico: Introduction to the Series

The difficult economic and financial issues facing the Commonwealth of Puerto Rico have remained very much in the news since our post on options for addressing its fiscal problems appeared last fall. That post was itself a follow-up on a series of analyses, starting with a 2012 report that detailed the economic challenges facing the Commonwealth. In 2014, we extended that analysis with an update where we focused more closely on the fiscal challenges facing the Island. As the problems deepened, we have continued to examine important related subjects ranging from positive revisions in employment data, to the understanding emigration, and to considering how the Commonwealth’s public debts stack up. In most of this work, we have focused on how policymakers could help to address the immediate issues facing the Island and its people. The U.S. Congress and the Obama Administration took action in June to provide a framework to help address Puerto Rico’s fiscal crisis. But much remains to be done to address these ongoing problems, which represent a significant impediment to economic growth in the short run. It also seems important to revisit the question of the prospects for reviving longer-run growth in the Commonwealth. These concerns were underscored by projections published by the International Monetary Fund (IMF) in the April edition of the World Economic Outlook that forecast Puerto Rico’s real GDP and population to decline through 2021.

June 24, 2016

Just Released: May’s Indexes of Coincident Economic Indicators Show Economic Growth Moderating across the Region

The May Indexes of Coincident Economic Indicators (CEIs) for New Jersey, New York State, and New York City, released today, show some slowing in economic growth across the region—in part reflecting the Verizon strike (which has since been settled), as well as somewhat weaker economic fundamentals.

June 6, 2016

Just Released: Mapping the Differences in School Spending in New York City

Rajashri Chakrabarti and Michael Stewart This morning, the Federal Reserve Bank of New York released a set of interactive visuals that present data on school spending and its various components—such as instructional spending, instructional support, leadership support, and building services spending—across all thirty-two community school districts (CSD) in New York City and map their progression […]

Posted at 7:00 am in Education, New York, Regional Analysis | Permalink
March 25, 2016

Upstate New York Job Growth: The Bad News Is that the Good News Was Wrong

In 2015, upstate New York looked to be having its strongest job growth in years. Employment was estimated to be growing at around one percent—below the national pace, but twice the region’s trend growth rate since the end of the Great Recession.

March 4, 2016

Hey, Economist! How Well Do We Weather Snowstorms?

In a Q&A interview, the New York Fed’s Jason Bram sheds light on how economists measure the cost of a snowstorm.

February 29, 2016

The “Cadillac Tax”: Driving Firms to Change Their Plans?

Since the 1940s, employers that provide health insurance for their employees can deduct the cost as a business expense, but the government does not treat the value of that coverage as taxable income.

December 2, 2015

Just Released: Job Market Remains Tight as Regional Economy Slows

The New York Fed’s latest Beige Book report indicates that regional economic growth slowed in October and early November, while the job market stayed strong and prices remained stable.

Posted at 2:15 pm in Regional Analysis | Permalink
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