Report: Losses in Hayward fault quake could exceed Katrina

Economic losses following a magnitude-6.9 earthquake on the Hayward fault could exceed those caused by Hurricane Katrina, according to a report released by the Bureau of Labor Statistics this week.

The areas of Alameda county affected by such aquake, for example, include 20 percent more businesses, 22 percent more employees and 74 percent more in payroll earnings than the area affected by Hurricane Katrina, according to the report by Richard J. Holden, San Francisco regional commissioner of the U.S. Bureau of Labor Statistics

The report was published in the Monthly Labor Review and can be viewed at http://www.bls.gov/opub/mlr/2007/12/art2full.pdf.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Plummeting Bay Area bridge traffic finally levels off

All told, weekday Bay Area traffic volumes are down by half, which has remained consistent from March 23 through this week.

Second deputy at SF Hall of Justice jail tests positive as inmate count shrinks

Doctor says inmate count needs to fall further to mitigate potential outbreak

Breed pushes volunteer opportunities to help isolated seniors as coronavirus spreads

Seniors and those living with disabilities are most susceptible to severe impacts of the coronavirus and are advised to remain home.

Confusion swirls over uneven eviction protections as rent collection begins

Housing advocates warn some type of rental assistance or forgiveness will be necessary

National Guard sets up hospital beds at San Mateo County Event Center

The triage center is intended as backup if COVID-19 cases surge in the coming weeks

Most Read