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Economic restructuring in New York State

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Author Info
Erica L. Groshen
Simon Potter
Rebecca J. Sela

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

Volume (Year): (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 listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. 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. [Downloadable!]
  2. 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, issue Oct. [Downloadable!]
  3. 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, issue Feb. [Downloadable!]
  4. Erica L. Groshen & Laura Robertson, 1993. "Are the Great Lakes cities becoming service centers?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jun 1. [Downloadable!]
  5. 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. [Downloadable!]
  6. 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, issue Aug. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  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, issue Dec. [Downloadable!]
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This page was last updated on 2009-11-27.

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