Job Loss Hits Slots

Across the board several industries are feeling the economic pinch as consumers tighten their spending, and the global economy suffers continuously, and companies leave communities reeling by large scale lay offs. Current statistics show that the US is in dire straits and is currently seeing the highest unemployment rate since the 1960’s when the numbers were first being recorded in the first place.  While the unemployment line these days isn’t perhaps what it was in the famous Depression era picture, perhaps due to a combination of online services and the abundance of Unemployment Offices across the country, people around the globe are certainly bracing themselves for some hard times ahead.

With any times like these, the first sectors to take a huge hit are the “extras” like travel and leisure. Anything nonessential basically must be sacrificed to get by from month to month. Therefore families are giving up such small luxuries like perhaps dance lessons for the kids, or that annual trip to Vegas. Both land and online slots casinos are having a hard time these days, although many thought that online casinos would not feel the heat at all. Indeed online slots websites did retain their revenues through most of the year, but as things went from bad to worse even that industry has been feeling the pinch.

Now that loss of revenue is trickling down to the workers at land casinos, where many of the redundant positions are being let go. Just in November, for instance, the number of jobs lost in that industry totaled a sobering 36,600, all in one month. Certainly it helps to have a position of power, which is usually aided by education level. However, many of the jobs being lost so far are those of maintenance or repair personnel. Still, it is early in the game and many know that there is no telling when it all will end.

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