Hard Rock Atlantic City held a two-day career event earlier this week, which saw 1400 former Taj Mahal employees showing up to interview for new positions with the casino. The job market in Atlantic City is doing quite well at the moment, with unemployment in the city dropping to levels near what they were before the 2008 recession struck the city. With the Hard Rock and Ocean Resort casinos opening in 2018, there are thousands of new jobs available.
Atlantic City Unemployment improves Drastically
The Hard Rock Atlantic City is expected to employ around 3000 people when it opens its doors in a few months’ time. During the two-day event, it held this week, which started on Tuesday, around 1400 former Taj Mahal employees attended. They were interviewed in hopes of landing a position at the new casino. The Ocean Resorts Casino is also expected to employ around 3000 people, and it should open around the same time.
According to figures from the Federal Bank Reserve of St. Louis, unemployment in Atlantic City was sitting at 6.2% in April 2017. While this is still above the national average, which is 4.1%, it is considerably better than what it was. Unemployment in Atlantic City hasn’t been this low since September 2008 and was as high as 14.7% in January 2013.
Optimism Over Atlantic City Future
There are those who believe that the fall in the unemployment rate has more to do with people leaving Atlantic City than it does with things improving. It stands to reason that former casino employees who lost their jobs would have moved away and found employment elsewhere. Some reports indicate that the workforce in Atlantic City now stands at only 16 000 workers, which is considerably lower than it was pre-2008.
Still, for now, things are looking up. With most of the former Taj Mahal workers trying to get jobs at Hard Rock AC, it looks like there is good reason to be optimistic about the future.