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| Our economists analyze local economic growth, labor markets, real estate, and public finance issues, contributing to discussions of regional and national economic policy. |
| Regional Indexes of Coincident Economic Indicators
Our Indexes of Coincident Economic Indicators (CEI) for November show a significant downturn in activity in New York State and continued decline in New Jersey. The index for New York City shows a decline for November. The readings for each of the three preceding months were revised from moderate increases to moderate declines.  |
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| Recent Articles |
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 New Measures of Economic Growth and Productivity in Upstate New YorkThe authors measure the size and growth of upstate New York's economy using new measures of metropolitan area gross domestic product. By Jaison R. Abel and Richard Deitz, Current Issues in Economics and Finance Second District Highlights (14) 9, December 2008 |
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| Employment in the New York - New Jersey Region: 2008 Review and Outlook The 2007 slowing in job growth in the New York–New Jersey region continued through August 2008. By Jason Bram, James Orr, and Rae Rosen, Current Issues in Economics and Finance Second District Highlights (14) 7, October 2008 |
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 Housing Busts and Household MobilityThe authors used two decades of American Housing Survey data from 1985 to 2005, estimated the influence of negative home equity and rising mortgage interest rates on household mobility. By Fernando Ferreira, Joseph Gyourko, and Joseph Tracy, Staff Reports 350, October 2008 |
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| Have Amenities Become Relatively More Important Than Firm Productivity Advantages in Metropolitan Areas? The authors analyze patterns of compensating differentials to determine whether a region’s bundle of site characteristics has a greater net effect on household location decisions relative to firm location decisions in U.S. metropolitan areas over time. By Richard Deitz and Jaison R. Abel, Staff Reports 344, September 2008 |
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| Current Economic Indicators |
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