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2. Special Edition of the Katrina Index: A One-Year Review of Key Indicators of Recovery in Post-Storm New Orleans
- Author:
- Amy Liu, Matt Fellowes, and Mia Mabanta
- Publication Date:
- 08-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- A review of dozens of key social and economic indicators on the progress of recovery in the New Orleans region since the impact of Hurricane Katrina finds that: Housing rehabilitation, and demolition, are well underway while the housing market tightens, raising rent and home prices. Across the most hard-hit parishes in the New Orleans area, the pace of demolitions has accelerated in the last six months while the number of permits issued for rehab has nearly doubled in the city. Yet, housing is less affordable as rent prices in the region have increased by 39 percent over the year and home sale prices have spiked in suburban parishes. Across the city, public services and infrastructure remain thin and slow to rebound. Approximately half of all bus and streetcar routes are back up and running, while only 17 percent of buses are in use, a level of service that has not changed since January. Gas and electricity service is reaching only 41 and 60 percent of the pre-Katrina customer base, respectively. The labor force in the New Orleans region is 30 percent smaller today than one year ago and has grown slowly over the last six months; meanwhile, the unemployment rate remains higher than pre-Katrina. The New Orleans metro area lost 190,000 workers over the past year, with the health and education services industries suffering the largest percentage declines. In the past six months, the region has seen 3.4 percent more jobs but much of that may reflect the rise in new job seekers. The unemployment rate is now 7.2 percent, higher than last August. Since last August, over $100 billion in federal aid has been dedicated to serving families and communities impacted by hurricanes Katrina, Rita, and Wilma. In the meantime, the number of displaced and unemployed workers remains high. To date, the federal government has approved approximately $109 billion in federal aid to the Gulf Coast states most impacted by the storms. Of these funds, nearly half has been dedicated to emergency and longer-term housing. In the meantime, an estimated 278,000 workers are still displaced by the storm, 23 percent of whom remain unemployed.
- Topic:
- Development, Disaster Relief, Economics, and Environment
3. From Poverty, Opportunity: Putting the Market to Work for Lower Income Families
- Author:
- Matt Fellowes
- Publication Date:
- 07-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Public and private leaders have a substantial, and widely overlooked, opportunity today to help lower income families get ahead by bringing down the inflated prices they pay for basic necessities, such as food and housing.
- Topic:
- Demographics, Economics, Markets, and Poverty
4. Credit Scores, Reports, and Getting Ahead in America
- Author:
- Matt Fellowes
- Publication Date:
- 05-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Everyday, more than 27,000 employees in the credit bureau industry walk into over 1,000 locations around the country and process over 66 million items of information. Out of this massive churning of activity, credit bureaus produce consumer credit reports and scores, two of the most powerful determinants of modern American consumer life.
- Topic:
- Civil Society, Economics, and Markets
- Political Geography:
- United States and America
5. Katrina Index: Tracking Variables of Post-Katrina Reconstruction
- Author:
- Bruce Katz, Matt Fellowes, and Mia Mabanta
- Publication Date:
- 04-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Over the past thirty days, the number of new building perm its filed in the metro area more than quadrupled, and the first of thousands of homes destroyed by Katrina finally started being demolished in Orleans Parish. Meanwhile, the most recent population statistics released by the city of New Orleans in March showed that over 180,000 people now live in New Orleans. But, little or no progress was made in rebuilding many key components of the area's infrastructure and hospitality industry.
- Topic:
- Development, Environment, Government, and Industrial Policy
6. Katrina Index: October Findings
- Author:
- Amy Liu, Matt Fellowes, and Mia Mabanta
- Publication Date:
- 10-2006
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- In the last month, Louisiana's voters participated in a dramatic election, which resulted in the retention of many incumbent members of Congress from southern Louisiana and the transfer of power to Democrats in the U.S. House and Senate. The buzz now is whether a Democratically-controlled Congress will serve as a better ally to the people of New Orleans and southern Louisiana in addressing the continued short- and long-term recovery needs of the region.
- Topic:
- Development, Disaster Relief, Environment, and Human Welfare
- Political Geography:
- United States and Louisiana