The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Labor Market Developments in the United States and Canada Since 2000
December 2, 2004
A conference cosponsored by the Canadian Consulate General in New York, the Centre for the Study of Living Standards, the Federal Reserve Bank of New York, and the New York Association for Business Economics.
Overview The labor markets continue to offer a rich source of research topics. In 2004, two issues were of particular interest to New York business economists. The first, which received wide media attention, centered on the lack of job growth in the current U.S. recovery. The second concerned the disparity in job growth between the United States and Canada--namely, while the United States was struggling to create jobs, Canada was creating them at a fast clip. This conference will focus on the relatively overlooked second issue by engaging key Canadian and U.S. economists to explore the reasons for the lack of job growth in the United States, to contrast the U.S. experience with that of Canada, and to offer potential lessons from these experiences.