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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Indexes of Coincident Economic Indicators (CEI) for the New York-New Jersey Region 1995 to present
Our Indexes of Coincident Economic Indicators (CEI) for September show economic activity continued expanding at a rapid rate in New York City and New York State, and a modest pace in New Jersey. This estimation includes a benchmark revision to wage and salary disbursements.
Background A coincident index is a single summary statistic that tracks the current state of the economy. The index is computed from a number of data series that move systematically with overall economic conditions. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Each of the regional indexes is computed using data on employment, real earnings, the unemployment rate and average weekly hours worked in manufacturing. The estimated New York State, New York City, and New Jersey Coincident Indexes are then calibrated to match the mean and standard deviation of their respective real earnings series.