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xysoom
Matrosen-Obergefreiter
Joined: 26 May 2020
Location: China
Online Status: Offline
Posts: 64
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| Posted: 14 July 2020 at 10:29 | IP Logged
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Vegas Is Big Jobs Loser, RV Hub Holds On in New Tourism
Economy
The American cities most dependent on tourism are
suffering some of the worst labor markets in the
coronavirus recession, with almost one-third of workers
unemployed in vacation destinations from Hawaii to the
east coast.To get more news about
Wi
kiFX, you can visit wikifx news official website.
¡¡¡¡The jobless rate in Kahului-Wailuku-Lahaina in Hawaii
and Atlantic City-Hammonton in New Jersey surpassed 30%
in May, the highest in any U.S. metropolitan areas,
according to data released Wednesday by the Bureau of
Labor Statistics. Las Vegas-Henderson-Paradise in Nevada
was close behind.
¡¡¡¡Meanwhile, Elkhart, Indiana -- known as the
recreational vehicle capital of the world -- saw one of
the biggest labor-market recoveries in May, as its
jobless rate fell back to 11.9% from almost 30%. RV
plants have reopened to cater for surging demand, as
vacation-seeking Americans shun crowded planes and hotels
in favor of a more socially distanced kind of tourism.
¡¡¡¡¡°We have seen an incredible rebound and retail
demand and dealer demand,¡± said Michael J. Happe, chief
executive of RV-maker Winnebago, in an earnings call last
week. Thor Industries, an Elkhart-based RV builder, has
seen its stock surge more than 200% from March lows.
 03/637293667652478925/ART637293667652478925_647026.jpg-
wikifx_articlepic">
In general, tourist economies that rely on visitors
flying in have been hit harder than those where more
people come by car, said Mark Vitner, senior economist
with Wells Fargo & Co. While there are signs of revival
in some beach resorts and areas near national parks,
¡°the recent surge in infections may put this rebound at
risk,¡± he said.
¡¡¡¡Nationwide, unemployment eased to 13.3% in May and is
forecast to extend the drop to 12.5% in the June jobs
report, due out on Thursday. The BLS said the actual rate
was somewhat higher after adjustment for data-collection
discrepancies.
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FrankJScott
Oberfähnrich zur See
Joined: 18 October 2021
Location: United Kingdom
Online Status: Offline
Posts: 6322
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| Posted: 26 November 2024 at 13:21 | IP Logged
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Topic: Vegas Is Big Jobs Loser, RV Hub Holds On
