Sources of New York employment fluctuations

Kenneth Kuttner and Argia Sbordone

Economic Policy Review, 1997, vol. 3, issue Feb, 35 pages

Abstract: The authors analyze employment growth in the metropolitan region and its relationship to employment in the United States as a whole. They identify a strong cyclical link between the region and the nation, punctuated by occasional, persistent shifts in the region's underlying growth rate. Some shifts are found to be related to industry factors, such as the restructuring of financial services in the late 1980s. However, the authors attribute a large and increasing share of New York employment fluctuations to region-specific factors.

Keywords: Employment (Economic theory); Federal Reserve District, 2nd; New York (N.Y.) (search for similar items in EconPapers)
Date: 1997
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