Katrina Exodus Proves Just How Mobile Americans Are

America is a mobile society. A fact demonstrated by the 1.3 million households from the Gulf Coast communities affected by Hurricanes Katrina and Rita that USA Today reports have dispersed to every state in the nation.


Advertisement


Click HereRegister today for the "Catapulting Finance to Boost Corporate Value" Webcast to be held on Thursday, October 13th, at 2 p.m. ET. Listen to a customer panel discuss how using Microsoft® FRx® and Microsoft Forecaster for their financial reporting, budgeting and planning have propelled their financial management and boosted their corporate value.


FRx Software Home Product Information
Training & Consulting Product Demo
FRx Express Customer Testimonial Video



Although not everyone displaced by Katrina had a choice in where they went, many did and their choices reflect how relocation in the United States is driven by jobs, family ties and cultural ties. USA Today’s analysis of records from the Federal Emergency Management Agency (FEMA) indicates that roughly 75 percent of displaced households relocated to communities within 250 miles of New Orleans. Another 240,000 stayed within 500 miles, heading for Dallas, Houston and Atlanta among other smaller communities in those regions, USA Today reports. About 26,000 moved 750 to 1,000 miles and even more, 34,000 moved more than 1,000 miles away according to USA Today.

It isn’t only people that have left the affected areas. Jobs are gone, too. According to the Associated Press, 279,000 people are out of work as a result of Hurricane Katrina and more job losses are expected, as the effects of Hurricane Rita become known. Despite the 60,000 increase in unemployment claims related to Katrina, the overall jobless claims declined to 356,000 last week. In addition the Congressional Budget Office
(CBO) believes that reconstruction project hiring early in 2006 will result in the hurricanes having a minimal effect on jobs nationwide, according to the Associated Press.

What remains to be seen, is whether those who have found jobs, either permanent or temporary, in other communities and states will remain there or return to the Gulf Coast region.

You may like these other stories...

Event Date: October 21, 2014, 2 pm ETKristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style. When two people have very different communication...
Majority of House of Representatives urges leadership to preserve cash method of accounting for tax purposesA bipartisan majority of the House of Representatives – 233 members – has signed a letter urging House...
Tax friendly trusts swell under new rulesUS companies are latching onto an obscure real estate provision to avoid corporate taxes, widely adopting a financial maneuver that has been expanded under the Obama administration,...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.