Mgm resorts hotel casino layoffs 201911/25/2023 ![]() Many of them opened again in early June, but mandated capacity controls are in place. MGM furloughed 62,000 of its 70,000 employees when casinos in Nevada were forced to close on March 17. In the near term, we think the lack of further federal support poses serious downside risks to the outlook.” ![]() “Ultimately, the recovery in the economy and the job market will depend on a medical solution to the coronavirus. “We think recovery in the job market will be slow,” Nancy Vanden Houten, lead economist at Oxford Economics, said. Keep reading list of 4 items list 1 of 4 As China’s economy stumbles, should the rest of the world worry? list 2 of 4 South Africa’s controversial ‘race quota’ law stirs debate list 3 of 4 US economy grew faster than expected in Q2 list 4 of 4 As Cuba’s private sector roars back, choices and inequality rise end of listĮconomists warn that sizable layoffs will continue and any recovery is likely to falter as long as the virus rages and Congress does not come up with additional financial aid for the unemployed, as well as desperate state and local governments.
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