U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma delayed hiring and left displaced workers temporarily unemployed, the latest indication that the storms undercut economic activity in the third quarter.
Existing home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors (NAR).
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market.
Insurance adjusters are bringing more drones with them than ever before as they head to Texas to assess the damage from Harvey.
In response to the widespread devastation caused by Hurricane Harvey in Texas, New Haven-based energy and utility company AVANGRID Inc. announced a $50,000 contribution to American Red Cross Disaster Relief through the Avangrid Foundation.
