New York and New Jersey Poised for Modest Job Growth in 2005

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Second District Highlights

New York and New Jersey Poised for Modest Job Growth in 2005

December 2004 Volume 10, Number 12

JEL classification: R10, R11

Authors: James Orr and Rae Rosen

Combined employment in New York and New Jersey will expand by 1.1 percent in 2005, following projected growth of 0.9 percent in 2004. Slower than expected growth in the U.S. economy or a falloff in financial market activity, however, could jeopardize the states’ employment outlook.

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