Feature Image: Ryan McGinnis
The pain felt by restaurant and hotel employees who are losing their jobs soon will be felt elsewhere in the Reno-area economy, too.
Eugenia Larmore, PhD, the president of Ekay Economic Consultants Inc. in Reno, says that every dollar lost in the restaurant business in Washoe County results in an
These additional losses come from the so-called ripple effect, as restaurant workers spend their pay on groceries, apartments and all the other necessities of daily life.
In the hotel sector, every $1 that isn’t spent in Washoe County because of shutdowns related to the coronavirus results in lost revenues of 75 cents elsewhere in the economy — a total loss, then, of $1.75.
Among the sectors of the local economy that can expect to be hit by restaurant and hotel layoffs, the economist says, are the commercial real estate firms that lease space to restaurants, electric utilities, insurance firms, media that carry advertising and providers of medical care.
Larmore says the figures are based on data generated by IMPLAN, a complex tool developed by a North Carolina company to analyze the workings of the economy.
Hotel and restaurant jobs account for about 13 percent of the workers in Washoe County — about 33,000 jobs in total in the two sectors.
Those jobs don’t pay particularly well, Larmore notes. Hotel workers make about 63 percent of the average county weekly wage of $1,007, and restaurant and bar workers make about 39 percent of the average county wage.
“Not only are these wages low, many of the employees work fewer than average hours,” she notes.
This Is Reno’s COVID-19 news coverage
The decline in new COVID-19 cases has hit a lull, Washoe County Health District (WCHD) Officer Kevin Dick said on Thursday.
Estado actualiza herramienta de programación de dosis de refuerzo de COVID y fomenta vacunas contra la gripe
La herramienta de programación en línea a nivel estatal para las vacunas COVID-19 se actualizó esta semana para permitir que las personas se registren para recibir una dosis de refuerzo de la vacuna Pfizer.
The statewide online scheduling tool for COVID-19 vaccines was updated this week to allow people to register for a booster dose of the Pfizer vaccine.
The stories of cruel, seemingly irrational and sometimes-violent conflicts over coronavirus regulations have become lingering symptoms of the pandemic as it drags through its second year.
The Washoe County Health District today announced the positive news that COVID-19 numbers are down again for the second week in a row.
Nevada health officials as of Monday are counting results from rapid antigen tests in the coronavirus data that they present to the public and use to determine whether the pandemic is prevalent enough to trigger mask and capacity mandates.
La junta de regentes del sistema de educación superior de Nevada votó el jueves por la tarde para aprobar un mandato de vacuna para los empleados de las instituciones de NSHE.
The Nevada System of Higher Education (NSHE) Board of Regents voted Thursday afternoon to approve a vaccine mandate for employees at NSHE institutions.
Health district officials said today that new COVID-19 cases are dropping in the county, but vaccine misinformation remains a problem.
John Seelmeyer is a business writer and editor in Reno. In his 40-year career, he has edited publications in Nevada, Colorado and California and written several thousand published articles about business and finance.