Where Are Manufacturing Jobs Coming Back?
As we outlined in our previous post, the United States lost close to six million manufacturing jobs between 2000 and 2010 but since then has gained back almost one million. In this post, we take a closer look at the geographic dimension of this modest rebound in manufacturing jobs. While job losses during the 2000s were fairly widespread across the country, manufacturing employment gains since then have been concentrated in particular parts of the country. Indeed, these gains were especially large in “auto alley”—a narrow motor vehicle production corridor stretching from Michigan south to Alabama—while much of the Northeast continued to shed manufacturing jobs. Closer to home, many of the metropolitan areas in the New York-Northern New Jersey region have been left out of this rebound and are continuing to shed manufacturing jobs, though Albany has bucked this trend with one of the strongest performances in the country.
Just Released: New York State’s Community Colleges are Successfully Partnering with Employers
Community colleges frequently work with local employers to help shape the training of students and incumbent workers. This type of engagement has become an increasingly important strategy for community colleges to help students acquire the right skills for available jobs, and also helps local employers find and retain workers with the training they need. The Federal Reserve Bank of New York conducted a survey of community colleges in New York State with the goal of documenting the amount and types of these kinds of activities taking place. Our report, Employer Engagement by Community Colleges in New York State, summarizes the findings of our survey.
Just Released: An Update on Regional Economic Conditions Provided at Our Economic Press Briefing
Jaison R. Abel, Jason Bram, Richard Deitz, and James Orr Today’s Economic Press Briefing at the New York Fed presented our economic outlook for New York, Northern New Jersey, and Puerto Rico. We showed that many parts of the region have bounced back quite well from the Great Recession and are growing at a solid […]
At the N.Y. Fed: Conference Highlights Financing Tools for New York’s Food and Beverage Firms
With more than 35,000 farms and $5.5 billion in annual sales, the agriculture industry is an important part of the New York State economy.
Just Released: Introducing the Business Leaders Survey
Today, the Federal Reserve Bank of New York begins releasing its monthly survey of regional business activity, called the Business Leaders Survey.
Could Superstorm Sandy Stimulate the Region’s Economy?
The New York metro region’s recovery from Superstorm Sandy is well under way.
Just Released: April Empire State Manufacturing Survey
According to the most recent Empire State Manufacturing Survey, manufacturing conditions are continuing to improve in New York State, but only barely.
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.
The Welfare Costs of Superstorm Sandy
As most of the New York metropolitan region begins to get back to normal following the devastation caused by superstorm Sandy, researchers and analysts are trying to assess the total “economic cost” of the storm.
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.
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