[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/fip/fednls/88158.html
   My bibliography  Save this paper

Finally, Some Signs of Improvement in the Regional Economy

Author

Abstract
The Federal Reserve Bank of New York’s June business surveys show some signs of improvement in the regional economy. Following two months of unprecedented decline due to the coronavirus pandemic, indicators of business activity point to a slower pace of contraction in the service sector and signs of a rebound in the manufacturing sector. Even more encouraging, as the regional economy has begun to reopen, many businesses have started to recall workers who were laid off or put on furlough since the start of the pandemic. Some have even hired new workers. Moreover, businesses expect to recall even more workers over the next month. Looking ahead, firms have become increasingly optimistic that conditions will improve in the coming months.

Suggested Citation

  • Jaison R. Abel & Jason Bram & Richard Deitz & Benjamin Hyman, 2020. "Finally, Some Signs of Improvement in the Regional Economy," Liberty Street Economics 20200616b, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:88158
    as

    Download full text from publisher

    File URL: https://libertystreeteconomics.newyorkfed.org/2020/06/finally-some-signs-of-improvement-in-the-regional-economy.html
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    pandemic; COVID-19; surveys; recalls;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fednls:88158. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabriella Bucciarelli (email available below). General contact details of provider: https://edirc.repec.org/data/frbnyus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.