At this point, it seems likely that the hurricanes had, at most, a small effect on the supply side of the economy. The losses of productive capital, while devastating in the regions directly affected, appear to be small relative to the overall size of the national capital stock.
Moreover, at this time the dislocation of workers seems unlikely to be large or persistent enough relative to the size of our nation's labor force to significantly affect the natural rate of unemployment. This impression was reinforced by the employment report for September, which showed the pace of hurricane-related job losses to be considerably less that many analysts had feared.