In the US alone, at least 72 direct deaths are attributed to the storm. Hurricane Sandy will have a devastating impact on life and property. Economists predict the storm reduced jobs by forcing businesses to close and left many unable to work. Millions are without power, likely for an extended period of time. Funds from Housing and Urban Development contest will be used to flood-proof lower Manhattan, which was severely impacted by Hurricane Sandy in 2012 Published: 19 Jan 2016 Tropical Storm Sandy was the 18th named storm of the 2012 Atlantic hurricane season. highlights include the storm’s impact on the number of businesses and employees. These businesses employ 9.3 million individuals, all of … Figure 1. Early estimates of the economic impact of Hurricane Sandy put the total loss between $30 billion and $50 billion, making it one of the costliest storms in U.S. history. When demand comes back, when schools are open, when NYC is essentially again open for business, will refineries be back online to provide for the demand of motorists?

Read CNN's Fast Facts on Hurricane Sandy.

Hurricane Sandy is expected to have slowed US employment figures, with a sharp drop in hiring. The impact of Hurricane Sandy on the lives of residents of the Northeast will be great.

How long refineries will be down is certainly going to be key here. As a hurricane and post-tropical cyclone, Sandy was responsible for 117 deaths in the United States and 69 more in Canada and the Caribbean. Hurricane Sandy will likely bring torrential rains to several refineries, and this is the wild card. Business Impact Hurricane Sandy potentially affected some 1.5 million businesses located across 19 counties in the tri-state region. It was upgraded to a hurricane on Oct. 24 when its maximum sustained winds reached 74 mph (119 kph). 2 FEMA Hurricane Sandy Impact Analysis The consequences of the storm’s destructive power were significant.

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