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The Region’s Job Rebound from Superstorm Sandy

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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.

Suggested Citation

  • Jaison R. Abel & Jason Bram & Richard Deitz & James A. Orr, 2013. "The Region’s Job Rebound from Superstorm Sandy," Liberty Street Economics 20130311, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:86861
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    File URL: https://libertystreeteconomics.newyorkfed.org/2013/03/the-regions-job-rebound-from-superstorm-sandy.html
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    Keywords

    Superstorm Sandy; New York City Metropolitan Area; Employment;
    All these keywords.

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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