Katrina Could Cost More Than 400,000 Jobs

Hurricane Katrina’s economic toll continues to mount – its cost evident in near-record energy prices, snarled shipping traffic, lost jobs and wrecked businesses. But nearly two weeks after landfall, its impact is shaping up as one of extremes.

There are many losers, most notably the 400,000 who have lost their jobs, many of whom are also homeless. But, as businesses rush in to claim their role in rebuilding and the commerce that once belonged to the Gulf region shifts elsewhere, there are also economic beneficiaries. Read the article here.

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