Current Issues in Economics and Finance
Second District Highlights
New York City’s Economy before and after September 11
February 2003 Volume 9, Number 2
JEL classification: R0, R1

Author: Jason Bram

An analysis of employment and income trends suggests that the economic impact of the September 11 attack on New York City was somewhat less severe than originally thought. The attack created sizable job and income losses, but the city’s current downturn appears to stem largely from other, cyclical factors—namely, the national economy and the financial markets.

PDF full articlePDF 7 pages / 146 kb
Press release
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close