Hurricane Damage to the Ocean Economy in the U.S. Gulf Region in 2005: Counties and Parishes of the Gulf Coast Ocean Economy Affected by Hurricanes Katrina and Rita Saw the Greatest Insured Dollar Losses in 1 Year from Suchlike Catastrophes in U.S. History; the Region Has Yet to Recover Fully a Year after the Maelstrom
Colgan, Charles S., Adkins, Jefferey, Monthly Labor Review
In 2005, insured losses from hurricanes and other catastrophes were greater than in any other year in U.S. history. NOAA'S National Hurricane Center estimates that $85 billion of total damages resulted from Hurricanes Katrina and Rita alone. One year later, the region affected by these two hurricanes still struggles to recover, both as a place to live and as a viable economy.
Using data from the BLS Quarterly Census of Employment and Wages, the National Ocean Economics Program has developed a data series that allows the economic damage to coastal regions to be seen in a new light: what happens to the economic value derived from the ocean when the ocean turns from resource and respite to a massive engine of destruction? (1)
According to Federal disaster declarations, Hurricane Katrina affected the entire States of Mississippi and Louisiana, plus 22 counties in Alabama and 9 in Florida. Rita affected all of Louisiana, plus 26 counties in Texas. The greatest effects were in the counties (parishes in Louisiana) closest to the coast, where the storm's effects were at their maximum intensity. Coastal counties and parishes include those designated as such by …
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Publication information: Article title: Hurricane Damage to the Ocean Economy in the U.S. Gulf Region in 2005: Counties and Parishes of the Gulf Coast Ocean Economy Affected by Hurricanes Katrina and Rita Saw the Greatest Insured Dollar Losses in 1 Year from Suchlike Catastrophes in U.S. History; the Region Has Yet to Recover Fully a Year after the Maelstrom. Contributors: Colgan, Charles S. - Author, Adkins, Jefferey - Author. Journal title: Monthly Labor Review. Volume: 129. Issue: 8 Publication date: August 2006. Page number: 76+. © 1999 U.S. Bureau of Labor Statistics. COPYRIGHT 2006 Gale Group.
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