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911 Disaster Events


Since disaster was still within one week and airlines were shut down, disaster ... Website for business in FRED, removing bureaucratic titles and using FAQs such as: ... – PowerPoint PPT presentation

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Title: 911 Disaster Events

9/11 Disaster Events Floridas Economic Impact
  • Inquiries began less than a week after the
    disaster concerning the potential impacts.
  • Brainstormed with LMI staff on industries likely
    to be directly impacted.
  • Met with legislative and Governors Office
    economists (revenue estimators) on likely
    magnitude of employment declines. Since disaster
    was still within one week and airlines were shut
    down, disaster scenarios ranged from 15-25 cuts
    in directly-hit employment sectors.

  • Ran state econometric model to estimate indirect
    impacts on other Florida industries, revenue
    losses and a state revised unemployment rate
    (unemployment rates were forecasted to increase
    from 4.2 to over 6.9).
  • To assist Rapid Response, a zip code search of
    Florida companies with offices in the WTC was
    run. Also employers (200) from targeted
    industries were listed for Rapid Response to
    offer reemployment services.

  • The REMI impact model was run to provide more
    information on indirect impacts due to the
    disaster. Divergence between this model and the
    state model caused some adjustments to be made in
    the state model.
  • Due to an already slowing economy and now the
    9/11 impacts, significant revenue losses were
    forecast for the state.
  • The state econometric model was run again due to
    gains in air traffic and tourism. Losses were
    lowered to the 5 range in employment.

  • A special session of the legislature was called
    to address revenue losses and terrorist security
  • LMI presentations of industries and occupations
    likely to be negatively impacted were presented
    to the Florida House and Senate in addition to
    other workforce reports on claims and Rapid
  • Governor filed legislation for economic stimulus
    package. Daily meetings on stimulus package took
    place. LMI was involved in these meetings and
    gave updates on impact estimates.

  • For Workforce Estimating Conference that projects
    and targets high-wage/high-demand occupations,
    new forecasts were provided due to impacts of
    9/11 disaster. Forecasts of jobs still in demand
    were highlighted to target training programs.
    Forecasts for 24 workforce regions were revised.
  • New program called Operation Paycheck was
    instituted to help those impacted by 9/11 based
    on LMI estimates.

  • Florida
  • Business is our 1 customer

  • LMI for Business
  • Plans
  • Website for business in FRED, removing
    bureaucratic titles and using FAQs such as
  • What information is available to assist business
    in setting local wage rates?
  • What information is available to help business
    make location decisions?
  • What employment information is available for
    business to review their industry clusters?
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