Economic Perspectives
Employment Conditions: As Goes the Nation, So Goes the FHLBNY District
Authored by Brian Jones, FHLBNY Financial Economist
Highlights
May 2018
Hiring Slowed Across the FHLBNY District in March
Job Creation Ground to a Near Halt in the Empire State
Headcount Additions Remained Solid in the Garden State
Puerto Rico and the Virgin Islands Posted Modest Job Gains
Most of the FHLBNY Coverage Area is Operating at Full Employment
Wage Gains in the District Have Lagged National Average
The pace of job creation slowed markedly across the country in March. Capped by a return to more seasonable temperatures during the reference period, nonfarm employers added a comparatively modest 103,000 persons to headcounts, after the eye-catching 326,000 surge posted in February…
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