Current Issues in Economics and Finance
Second District Highlights

Job Declines in New York–New Jersey Region to Slow in 2003; Modest Growth Seen for 2004

July 2003 Volume 9, Number 7
JEL classification: R10, R12

Authors: James Orr and Rae Rosen

Employment in the New York–New Jersey region will decline in 2003—but only slightly—and the region's economy is poised to rebound in 2004 with 1 percent growth, or a gain of 128,000 jobs. Continued expansion in the national economy and sustained vigor in the financial markets, however, will be essential to a favorable employment outlook.

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