Wynn Resorts Laid Off 260 People This Past Week

Yes, that is the data point the writer makes to show us where the job losses are coming from following another dismal jobless claims report.

Just this week, casino owner Wynn Resorts laid off more than 260 workers in its two Las Vegas casino hotels in a move expected to save nearly $8 million.

"...just this week..." --- wow.  "...just this week..."

The jobless report today was not good news.

The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.

Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that consumer prices remain essentially flat.

Somehow the 260 Wynn Resorts employees hardly makes a dent in the 12,000. How many oil-related jobs in Louisiana have been lost in the past week? 

I read that article three times while completing this note. Not once does the article mention the number of laid off folks in the gulf due to the administration's six-month moratorium on deep-sea drilling and the on-going re-evaluation of rules and regulations governing shallow-water drilling.

Those jobless numbers in the gulf region are going to get worse.