Travel Sector Continues to Lead in Job Growth
Travel Employment Rises in August for 10th time in past 11 months
September 6, 2013
WASHINGTON - David Huether, senior vice president of research and economics at the U.S. Travel Association, provides analysis on Friday's Labor Department jobs report:
“The travel industry continues to lead the way in our nation’s employment recovery, adding 14,000 jobs in August and creating nine percent of all of the private sector jobs added last month—equal to the number of jobs added by the entire manufacturing sector.
“Within travel, food services and lodging experienced the most gains. Direct travel employment now stands at 7.8 million jobs.
“Travel employment has risen by 85,000 jobs so far this year. Bucking the overall trend in the rest of the economy, where job growth has been slower than in 2012, the travel industry added more jobs per month thus far in 2013 than in 2012.
“One of the main reasons our sector has been outperforming the rest of the economy in job growth is that travel exports, which support more than a million jobs, have been growing six times faster than other exports of goods and services so far this year. Being a labor-intensive industry, faster travel export growth from more international visitation to our country is translating into more American jobs.
“Since the economic recovery began in early 2010, the travel industry has created jobs at a 12 percent faster pace than the rest of the economy, and has already made up 91 percent of the jobs lost during the recession compared to just 78 percent of jobs for the rest of the economy, proving yet again that travel is a significant driver of our economy’s growth and a leader in America job creation.”
Huether is available for further analysis and comment.
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. Visit www.ustravel.org.