Job Losses Hit Vegas
By sam
The economic after-effects of Sept 11th’s terrorist attacks could leave about one in twelve Southern Nevadans unemployed by the middle of next year as Las Vegas lays off thousands.


Casinos have cut as many as 15,000 jobs in recent weeks, and Keith Schwer, associate professor of economics at the University of Nevada estimates that every job lost at a casino will lead to another layoff in a different local industry in the next six months.


A rising unemployment rate is not good for the casinos either, as less people will be gambling. Station Casinos, one of the largest groups on the strip, has already reported a 7-9 percent decline in daily winnings for the casino.


Although many believe that Las Vegas can weather this financial storm, the rise of unemployment may be a very real risk to revenue, especially as players continue to remain at home in the aftermath of the attack.

 
 
 
 
 
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