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Economic restructuring in New York State

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Author Info

  • Erica L. Groshen
  • Simon Potter
  • Rebecca J. Sela

Abstract

When economic activity slows down, labor markets may undergo extensive structural change-the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help to explain why New York State's most recent downturn persisted for well over two years. Subseries: Second District Highlights.

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Bibliographic Info

Article provided by Federal Reserve Bank of New York in its journal Current Issues in Economics and Finance.

Volume (Year): 10 (2004)
Issue (Month): Jun ()
Pages:

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Handle: RePEc:fip:fednci:y:2004:i:jun:n:v.10no.7

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Related research

Keywords: Employment - New York (State) ; Labor market - New York (State) ; Industries - New York (State) ; Federal Reserve District; 2nd;

References

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  1. Jason Bram, 2003. "New York City's economy before and after September 11," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Feb).
  2. Erica L. Groshen & Simon Potter, 2003. "Has structural change contributed to a jobless recovery?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Aug).
  3. James Orr, 1997. "Industrial restructuring in the New York metropolitan area," Economic Policy Review, Federal Reserve Bank of New York, issue Feb, pages 61-74.
  4. James Orr & Robert Rich & Rae Rosen, 1999. "Two new indexes offer a broad view of economic activity in the New York - New Jersey region," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 5(Oct).
  5. Gerald A. Carlino & Satyajit Chatterjee & Robert Hunt, 2001. "Knowledge spillovers and the new economy of cities," Working Papers 01-14, Federal Reserve Bank of Philadelphia.
  6. Erica L. Groshen & Laura Robertson, 1993. "Are the Great Lakes cities becoming service centers?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun.
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Citations

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Cited by:
  1. James Orr & Rae Rosen, 2004. "New York and New Jersey poised for modest job growth in 2005," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 10(Dec).

Lists

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  1. User:Amisela/Rebecca Sela in Wikipedia (English)

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