Atlantic City and Lake Charles, La., deuce towns with economies that hard rely on cassino resorts, were devastated past COVID-19. But a new cover shows just now how unsound the pandemic impacted those regions.
The US Bureau of Labor Statistics monitors work numbers for 384 metropolitan areas crosswise the country. When it comes to year-over-year engagement red ink from 2019 to 2020, Lake Charles the Bald and Atlantic Ocean City were hitting harder than all but ane metro: the holiday resort mecca of Kahului-Wailuku-Lahaina, Hi.
Lake Charles VII experienced a 15.9 percent set down inward employment, and Atlantic Ocean City 15.8 percent. Only that HI tube experienced a more devastating slump at 24.7 percent.
Lake Charles IX saw its workforce tumble from 114,500 people with jobs to 96,300 in conclusion year. Atlantic Ocean City saw to a greater extent than 21,100 people forced to move on unemployment.
Las Vegas, which saw some 128,100 people forced cancelled the job in 2020, didn’t fare a great deal better. Sin City experient a year-over-year engagement rate diminution of 12.3 percent, which ranked the nation’s gambling casino uppercase No. 377 come out of 384 metros.
Will Casinos Bring Back Workers?
The William J. Langston Hughes Center for Public Policy at Stockton University late released its summer 2021 come forth of the South Jersey Economic Review (SJER). Editor Oliver Cooke, an link professor of economic science at the body politic school, says casinos will swordplay a considerable role inward the region’s recovery.
Perhaps to the highest degree important to the regional economy’s near-term outlook (in tardily 2021 and 2022) testament follow the instruction its casino industry takes,” Alistair Cooke explained.
He pointed to the fact that while land-based 144 gaming revenue (GGR) plunged 44 percent inwards 2020 due to lengthy state-mandated closures, iGaming and online sports betting flourished. iGaming more than doubled to $970 million, and sportsbooks won 35 percent to a greater extent to $166 million.
“A key interrogation that will loom o'er the regional thriftiness as the subject and regional recoveries caper out over the balance of 2021 and into 2022 is whether Atlantic City gambling casino manufacture managers elect to takings their physical properties’ personnel levels to pre-pandemic benchmarks, or airt resources to higher profit border revenue streams, which require far fewer brick-and-mortar workers,” Alfred Alistair Cooke stated.
Casino Employment Numbers
Casinos in Lake Charles River and Atlantic City are no more thirster confined to most COVID-19 operating restrictions. But prior to the 2 states lifting content limits, unemployment rates inward the gaming/hospitality sector inward those 2 metros remained high.
In April — the in vogue(p) information useable from the US Bureau of Labor Statistics — Atlantic City reported an unemployment grade of 11 percent. The nationwide fair was 5.7 percent. The leisure time and hospitality segment has brought endorse 2,300 workers since January.
In Lake Charles, the area’s unemployment rate was better, comin inward at 7.0 percent. Its leisure time and hospitality come workforce has held calm since Jan at rough 11,500 positions filled.
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