The Effect of Hurricane Katrina on the Labor Market

Running Head : HURRICANE KATRINA AND LABOR MARKET

An In-Depth Analysis of the Effects of Hurricane Katrina on the Labor Market of Selected Hard Hit Areas

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Introduction

The occurrence of the Hurricane Katrina has very adverse effects on the labor market . Various states parts of the world , especially the USA suffered a lot of negative impacts . Labor markets in Mississippi Alabama , New Orleans , and Louisiana were seriously hit thus slowing their overall economic growth (United States of America 's bureau of the labor statistics 2006

. This sets out to analyze the effects of the Hurricane Katrina to the most hit areas with great emphasis being accorded to Hurricane Katrina 's impact on the rate of employment salaries , wages , and other levels of remunerations . The core reason why this has been chosen for analysis and discussion is for it to provide a better base for an in-depth understanding of the effect of Hurricane Katrina on the un-improving levels of employment and the continued decline in the levels of economic performance in US and other economies . This is interesting since it involves comparisons on various impacts , beliefs , and associated customs on the effect of Hurricane Katrina on the labor market and the correlation between decline in performance of the labor market and poor economic growth

Literature Review of the Hardest Hit Areas ' Labor Market

Hurricane Katrina had very many negative impacts to the states that were hard hit . Brown and Patrick (2006 , pp . 56-74 ) believes that...