Atlantic City Resort Economy Faces Challenges Despite Entertainment Success
1 report, 1 independent
Updated Fri 00:00
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What happened
During a panel discussion in Atlantic City, Oliver Cooke provided a cautious assessment of the local economy. Cooke noted that summer employment was approximately 3% lower than the previous year, representing about 5,500 fewer jobs. Total casino employment was down 1.1%, while employment in restaurants and bars declined by approximately 6%.
Why it matters
The assessment highlighted that despite the city's entertainment industry attracting thousands of visitors, the resort economy is facing challenges. Cooke attributed the employment caution to employers being hesitant to hire and consumers appearing more hesitant about spending.
Who's involved
- CookeProvided the cautious economic assessment of Atlantic City