Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy

11 Pages Posted: 11 Apr 2013

See all articles by Peter Gunther

Peter Gunther

Connecticut Center for Economic Analysis

Fred V. Carstensen

University of Connecticut - Connecticut Center for Economic Analysis (CCEA)

William Waite

University of Connecticut - Connecticut Center for Economic Analysis (CCEA)

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

Gunther, Peter and Carstensen, Fred V. and Waite, William, Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy (April 9, 2013). Available at SSRN: https://ssrn.com/abstract=2247509 or http://dx.doi.org/10.2139/ssrn.2247509

Peter Gunther (Contact Author)

Connecticut Center for Economic Analysis ( email )

368 Fairfield Road
Storrs, CT 06269-2041
United States

Fred V. Carstensen

University of Connecticut - Connecticut Center for Economic Analysis (CCEA) ( email )

2100 Hillside Road
Storrs, CT 06269-1240
United States

William Waite

University of Connecticut - Connecticut Center for Economic Analysis (CCEA) ( email )

2100 Hillside Road
Storrs, CT 06269-1240
United States

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