David Huether, senior vice president of economics and research at the U.S. Travel Association, provides analysis on today’s Labor Department report on December 2012 employment numbers.
David Huether, senior vice president of economics and research at the U.S. Travel Association, provides analysis on today’s Labor Department report on December 2012 employment numbers:
“After consistently adding jobs during the prior 12 months, travel industry employment edged down in December, falling by 2,900 jobs. However, one month does not make a trend and the travel industry remains a significant job creator for our nation’s economy, adding 81,000 jobs in 2012.
“Currently employing 7.6 million Americans, the travel industry added more jobs last year than many other industries including educational services, real estate, construction, utilities, information, and mining. Creating jobs 14 percent faster than the rest of the economy, the travel industry has recovered 61 percent of the jobs lost during the Great Recession compared to 54 percent in the rest of the economy.
“The travel industry provides a solid path to a middle-class lifestyle for millions of Americans. U.S. Travel’s latest jobs report shows that travel is a top 10 employer of middle-class wage earners in the United States, with more than half of all travel employees earning a middle-class salary or higher.”
Huether is available for further analysis and comment.
U.S. Travel Association is the national, non-profit organization representing all components of the travel industry. In 2020, travel generated $1.5 trillion in economic output and supported 11 million jobs, a drastic decline from pre-pandemic figures. U.S. Travel's mission is to increase travel to and within the United States. Visit ustravel.org for information and recovery-related data.