Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy
11 Pages Posted: 11 Apr 2013
Date Written: April 9, 2013
Abstract
By using dynamic regression analysis and BLS data starting from 1990, CCEA was able to determine that 7,103 private sector job-years may be lost (and attributable to) Hurricane Sandy, between November 2012 and December 2014, of which roughly half or 3,551 job losses, can be expected within small businesses. The BLS population subset of coastal NECTAs covers manufacturing, trade, transportation and utilities, professional and business services, and tourism services, while not reporting on information, financial services, health or education sectors, thus a reduced number from CT's total FTEs.
Keywords: Hurricane Sandy, economic impart, employment
JEL Classification: J64, J40
Suggested Citation: Suggested Citation