In Las Vegas, Coronavirus Job Losses Could Double Those of 2007-09 Recession

[mahatmakanejeeves]

About 320,000 Nevada workers are at risk in the upheaval, twice the number in the late 2000s, which could push Nevada’s unemployment rate above 30%

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ECONOMY

In Las Vegas, Coronavirus Job Losses Could Double Those of 2007-09 Recession

Fear of crowds, lack of funds, likely to hobble tourism for years

By Katherine Sayre
April 9, 2020 8:00 am ET

Hector Padilla lost his Las Vegas house after the 2007-09 recession. It could be happening all over again.

A 50-year-old former construction worker, Mr. Padilla helped build the Bellagio, Mandalay Bay and Venetian casinos on the Strip, which has been a ghost town since shutting down amid the new coronavirus outbreak. He was laid off March 16 from his most recent job, as a building engineer at Meruelo Group’s Sahara casino. He spent several days on the phone, trying to find out why he hadn’t received an unemployment payment,...

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[Wellstone ruled]

1. Lets see,Culinary Workers Union is approximatly 120k statewide.

Yes a few will be paid thru May 1. Then there are non Union Casino Workers who we are hearing to be in 60k that got tossed early on and we are hearing their Employers are challenging their Unemployment Claims.

The Casino Hotel Lobbying Group claims only 20% will be hired back after things open up. This is going to create another Housing Bust here in our Valley. And this time it will be even more severe than 2007 - 2012.