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In the two months after the hurricane, there was a decline of 215,000 jobs in New Orleans, and by June 2005, there was a 30% decrease in the metro area's employment. [103] By a year after the hurricane, unemployment in Louisiana had fallen to 3.5%, partly due to new jobs in construction.
In the five years since it hit New Orleans, Hurricane Katrina has reshaped the city's population -- and perhaps its financial future as well. The aftermath of the 2005 storm, which took 1,835 ...
As a result of Hurricane Katrina and its effects on New Orleans, Tulane University was closed for the second time in its history—the first being during the American Civil War. The university closed for four months during Katrina, as compared to four years during the Civil War. [1]
The reconstruction of New Orleans refers to the rebuilding process endured by the city of New Orleans after Hurricane Katrina destroyed much of the city on August 29, 2005. The storm caused levees to fail, releasing tens of billions of gallons of water. The levee failure contributed to extensive flooding in the New Orleans area and surrounding ...
August 29 marks the 10-year anniversary of the day that Hurricane Katrina hit Louisiana, and since then, New Orleans and surrounding areas have never been the same.
The affordability of housing in the New Orleans area is worse than ever, due to the enduring damage of Hurricane Katrina. Thanks to the high costs 5 Years After Katrina, New Orleans Housing Still ...
Before Hurricane Katrina, the region supported approximately one million non-farm jobs, with 600,000 of them in New Orleans. One study, by Mark Burton and Michael J. Hicks , estimated the total economic impact to Louisiana and Mississippi may exceed $150 billion. [ 2 ]
Since, more than half of New Orleans' 72 neighborhoods affected have recovered over 90% of their population. 11 years later, Hurricane Katrina remains one of most devastating natural disasters in ...