Thursday, September 6, 2012

Casino sheds jobs

A casino near Cincinnati announced Wednesday that it's laying off 160 full time people, or about ten percent of its work force. WLWT is among Cincinnati area media reporting the story. A company statement cites soft consumer spending and increased competition.

But as for the competition angle, it appears most the new competitors haven't opened yet.

Looks to me like another data point suggesting there is no economic recovery, and that people are cutting back on discretionary spending either to make ends meet now, or to be better prepared to face more hard times that they think are coming.

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