Economic Perspectives
Gauging Local Economic Performance Since the Great Recession
Authored by Brian Jones, FHLBNY Financial Economist
Highlights
October 15, 2018
- Indexes of Hours Worked Can Provide Timely Readings on Current Economic Activity
- Activity in Most of the FHLBNY’s District Has Lagged Behind Nation Since the Financial Crisis
- Underperformance of Empire State Reflects Sluggish Activity Outside New York City
- Excluding the Big Apple, Activity Has Varied Widely Across New York State During the Expansion
- Divergences in Relative Economic Performance in New Jersey Slightly Narrower than in New York
Real gross domestic product (GDP) – the inflation-adjusted value of all final goods and services produced in the country – remains the most widely followed measure of overall economic performance. Released at the end of the first month after the quarter just passed, the Bureau of Economic Analysis’ estimates…
Disclaimer. The Federal Home Loan Bank of New York (“FHLBNY”) is providing this report for informational purposes only. This report should not be construed as an opinion, recommendation, or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. The recipients of this report are advised to conduct their own independent due diligence and consult with financial advisors, accountants, and attorneys before making any investment, credit, or any other financial decisions. FHLBNY does not warrant the completeness or accuracy of this report. The past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. The information contained in this report, as well as the services and products provided by the FHLBNY, may change at any time without notice.
Latest News
12/02/2024
The FHLBNY Announces Retirement of President and CEO José R. González; Board Appoints Randolph C. Snook as Successor
11/21/2024
Dividend Announcement 3Q24: FHLBNY Declares a 9.25% Dividend for the Third Quarter of 2024
10/08/2024
Additional funding has been added to the 0% Development Advance (ZDA) Program
01/24/2022
FHLBNY Announces Enhancements to the Rebate Program for Advances
12/03/2020
2020 Update to MPG & CSM: Member Products Guide and the Correspondent Services Manual