Economists expect return to steady US job growth after hurricanes
October brought strong job growth of about 250,000 new positions to the U.S. economy, analysts predicted ahead of Friday’s employment report, as the country rebounded from hurricanes Harvey and Irma. The jobless rate was projected to hold steady at 4.2 percent, the lowest level in 16 years, while the year-over-year gain in wage growth was […]
Hurricanes to slow US economy but rebound should follow
Hurricanes Harvey and Irma will likely pack tough unpleasant effects for the U.S. economy as businesses have been disrupted, fuel and chemical refineries out of commission and consumers struggling to restore their lives. According to Agency Press, nearly one-fifth of the nation’s oil refining capacity has been shut down because of Harvey, and fuel production […]
Hurricanes Harvey, Irma damages could cost US economy $290 bn, AccuWeather says
Combined damages from Hurricanes Harvey and Irma could cost the U.S. economy as much as $290 billion, according to a new forecast. Hurricane Harvey, which battered Houston with record amounts of torrential rain and flooding last month, is estimated to be one of the costliest weather disasters in U.S. history and Irma is expected to cause record-breaking […]