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
05/12/2022
Dividend Announcement 1Q22: The FHLBNY Declares a 4.75% Dividend for the First Quarter of 2022
04/28/2022
FHLBNY Announces First Quarter 2022 Operating Highlights
04/07/2022
Coming Soon: Wire Transfers Migration to 1Link-IPR
12/11/2019
A Review of Housing Statistics at the End of 2019
11/05/2019
Five Ways to Manage Your Balance Sheet in a Volatile Rate Environment