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Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy

Author

Listed:
  • Peter Gunther
  • Fred Carstensen
  • William Waite

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.

Suggested Citation

  • Peter Gunther & Fred Carstensen & William Waite, 2013. "Connecticut Coastal Community Unemployment and Economic Damage Attributable to Hurricane Sandy," CCEA Studies 2013-02, University of Connecticut, Connecticut Center for Economic Analysis.
    • Handle: RePEc:uct:cceast:2013-feb-01
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    File URL: http://ccea.uconn.edu/studies/http://ccea.uconn.edu/studies/ConnecticutCoastalUnemployment_Hurricane-Sandy2013feb.pdf
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    More about this item

    Keywords

    Hurricane Sandy; economic impart; employment.;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General

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