New York Fed Sees Modest Improvement In Job Data for New York and New Jersey

NEW YORK—A number of trends in the New York-New Jersey region signal modest improvements in economic activity over the last few months after two years of decline, with an easing in the pace of job losses, regional economists at the Federal Reserve Bank of New York said April 14.

In prepared remarks introducing the findings, New York Fed President William C. Dudley said that the labor market in the region had not been “hit as hard as in many areas in the country” and that “the pace of job losses in our region has eased.” But the unemployment rate, he ...