IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/86744.html
   My bibliography  Save this paper

New York City’s Economic Recovery—Main Street Gets the Jump on Wall Street

Author

Abstract

After bottoming out in late 2009, New York City’s economy has been on the road to recovery. In this post, we call attention to an unprecedented feature of the current economic recovery: overall employment in the city began to rebound from the recession well before Wall Street started adding jobs. We also consider some questions that this development naturally raises: What took Wall Street employment so long to recover? What’s been driving job generation on Main Street? What does the recent pickup in Wall Street employment suggest about the outlook for the city’s economy?

Suggested Citation

  • Jason Bram & James A. Orr, 2011. "New York City’s Economic Recovery—Main Street Gets the Jump on Wall Street," Liberty Street Economics 20110502, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:86744
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2011/05/new-york-citys-economic-recoverymain-street-gets-the-jump-on-wall-street.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial Sector; Wall Street; Employment; New York City; Securities;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:86744. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.