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March 18, 2010

Vegas Craps Out: Bad Economy Hits Hard

Filed under: — @ 7:15 am

by Jeff Davis

The Obama Depression is getting bad when Americans don’t even have enough money left to gamble any more. The Las Vegas Review-Journal reports: “Nevada’s unemployment rose to 12.5 percent in July, while joblessness in especially hard-hit Las Vegas surged to 13.1 percent. It’s the highest jobless rate both statewide and locally since the state began tracking data in 1976…. Joblessness in the Silver State jumped to 12.5 percent in July, while unemployment in hard-hit Las Vegas leapt to 13.1 percent. Both state and local unemployment scored their highest levels in 33 years of tracking, the state Department of Employment, Training and Rehabilitation said today. Nevada’s jobless rate was more than double its level in July 2008, when 6.6 percent of the state’s residents were out of work. In Las Vegas, unemployment was at 6.8 percent in July 2008. Nevada has the nation’s third-highest unemployment rate. The Silver State trails only Michigan, with 15 percent joblessness, and Rhode Island, where unemployment is at 12.7 percent.”

Gambling at Vegas is practically a “religious” activity for millions of Americans. If they still have have a car and enough money for gas and the slot machines, they’re going. For Vegas to be losing business, a large number of people no longer have jobs, own cars or have even a spare bag of quarters to gamble. (more…)


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