Travel Employment Accelerates in April
The Travel Industry has Added 85 Percent of Jobs Lost During the Great Recession
May 3, 2013
Washington, D.C. - David Huether, senior vice president of research and economics at the U.S. Travel Association, provides analysis on today's Labor Department announcement that the U.S. economy added 165,000 jobs in April and the unemployment rate edged down slightly to 7.5 percent:
"The travel industry continues to lead the way to our nation’s economic growth and recovery, adding 13,300 jobs in April and contributing eight percent of last month’s overall employment gain, the highest share since August. With gains in nearly all major travel segment categories, including foodservices and drinking places, lodging, retail trade and airlines, direct travel employment now stands at 7.7 million.
“Moreover, employment growth in the travel industry is accelerating, averaging 13,000 per month so far this year, a significantly faster rate than the average gain of 4,000 monthly travel jobs measured during the last four months of 2012. The travel industry has added jobs 11 of the past 12 months.
"Since the economic recovery began in early 2010, travel has added jobs at a 15 percent faster pace than the rest of the economy, creating 398,000 jobs and making up 85 percent of the jobs lost during the recession compared to just 69 percent for the rest of the economy.”
Travel is a rising economic driver that powers job creation and provides millions of Americans with a promising career and solid opportunities to join the middle class. In total, one in eight U.S. jobs depend on travel and tourism, an industry ranked among the top 10 in 48 states and the District of Columbia.
Huether is available for further analysis and comment.
Cathy Keefe (202) 408-2183
The U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $2.0 trillion in economic output and supports 14.6 million jobs. U.S. Travel's mission is to increase travel to and within the United States.