The paper utilizes a unique New York State consumer sentiment data set collected by Siena Research Institute (SRI) to explore its relationship with New York State labor market. We have explored their relationship both at the state level and selected Metropolitan Statistical Areas of New York State. The study found that the consumer sentiments causally correlated with the unemployment rate in New York State but not vice versa. However, there are lags in the direction of this causal relationship.
Arindam Mandal and Joseph McCollum. "Consumer Confidence and the Labor Market in New York State." Proceedings of the New York State Economics Association. vol. 5, October 2012, p. 150-159
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