Sandy's Economic Effects

The effects from super storm Sandy has created a bull whip effect for many industries across the nation and even across seas.  Industries have been put to a halt and shut down due to the conditions that have resulted. This places current employees at a risk of possibly not having a job in the future, delay in receiving important information, and lost of time.  There has been an estimated lost of 30-50 billion dollars in economic activity according to IHS Global Insight.  A rough estimate of infrastructure damages totaled 20 billion dollars, but it is very difficult to actually put a price on Sandy's damages at this point and will require months or even years to get to the actual number.  It is tough to see the country go through a disaster at this time because of how the slow the economic recovery phase has been during the past decade.

Although Sandy has damaged and destroyed many homes the opportunity for new jobs has also been created.  The construction industry will probably be projected to have an increase in productivity and increase in employment opportunities.  Private companies will probably hired for cleanup. 

http://www.guardian.co.uk/world/2012/oct/31/economists-sandy-damage-us-recovery