The Region’s Job Rebound from Superstorm Sandy

Jaison Abel, Jason Bram, Richard Deitz and James Orr

No 20130311, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Last October, Superstorm Sandy caused widespread destruction and massive disruptions to the regional economy, not to mention the lives of millions of residents. More than three months later, many people remain displaced, and some are still struggling to rebuild their homes, businesses, and lives. Despite these setbacks, the process of economic recovery in the region appears to be well underway, boosted by the beginning of the cleanup and restoration process. In this post, we take an initial look at the adverse impact Sandy has had on the region?s jobs, describing the nature and extent of the employment downturn and the subsequent rebound following the storm.

Keywords: Superstorm Sandy; New York City Metropolitan Area; Employment (search for similar items in EconPapers)
JEL-codes: R1 (search for similar items in EconPapers)
Date: 2013-03-11
New Economics Papers: this item is included in nep-ure
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