Are All Sandy-Recovery Jobs Permanent?

Wednesday, November 20, 2013

The economy in the New York metro area has made a strong recovery post-Sandy, but economists at the New York Federal Reserve Bank say it's still unclear whether some of the jobs created during the rebuilding effort are here to stay.

"We'll just have to just sort of wait and see how long the temporary nature of say the construction employment is and what else happens in the economy to fill that in," said Jaison Abel, a senior economist at the New York Fed.

Abel added that it's also possible the region's economy will be more productive than it was before the storm thanks to infrastructure and other improvements.  

The New York metro area lost 37,000 jobs in the month after Sandy but added 64,200 the following month.

Job growth has been on an upward trend ever since.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by