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Money running out
The job market in Las Vegas has been the hardest-hit among large US metro areas during the pandemic. The region is heavily reliant upon travel, discretionary spending, business conferences and large gatherings, but has seen those key spigots turned off.
In April 2020, shutdowns resulted in a 34% unemployment rate in Las Vegas. Although it’s improved since then, Las Vegas still has the highest unemployment rate among large metro areas, according to US Bureau of Labor Statistics data.
As of November 2020, Las Vegas metro area’s unemployment rate was 11.5%, and 128,000 people including Muoio remained out of work.
After being furloughed in March, Muoio was permanently laid off in August.
Las Vegas, the hardest-hit metro economy in America, just suffered another blow
In the run-up to the Consumer Electronics Show last year, Gina Muoio was pulling 60-to-80-hour weeks at the Mandalay Bay Convention Center in Las Vegas.
Muoio worked as an event coordinator for a third-party electrical vendor and carefully choreographed the power needs for exhibitors, presenters and attendees at trade shows held in the massive hall.
“There are very long days, and you’re on your feet the entire time,” said Muoio, 39. “Sometimes you don’t even have time to eat.”
During a typical January, the presence of CES in and around Las Vegas is unmistakable. Hotel prices skyrocket, restaurants and clubs are packed, and workers like Muoio log extra hours to ensure everything goes on without a hitch for the major money-making show and related events. Last year, the 170,000 CES attendees were estimated to have generated $169 million in direct spending and a broader economic impact of $291