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Travel Industry Adds Jobs for Twelfth Consecutive Month in November

Industry Employment Growing 17% Faster than Rest of Economy
 
Washington, D.C., December 10, 2012 – David Huether, senior vice president of economics and research at the U.S. Travel Association, provides analysis on today's Labor Department report that the unemployment rate was 7.7 percent for November 2012:

"Similar to recent months, today's Labor Department report indicated a modest increase of 146,000 jobs added to non-farm payroll employment in November. The unemployment rate slightly declined to 7.7 percent.

"Even with the ominous fiscal cliff closing in, the travel industry continues to add jobs, including 2,500 new positions in November alone and 79,000 thus far in 2012.

"The travel industry is a shining star in the employment recovery, creating jobs in 30 of the last 35 months for a total of 304,000 jobs added since December 2009. And since the overall employment recovery began in early 2010, the travel industry has added jobs at a 17 percent faster pace than the rest of the economy and has recovered 61 percent of the jobs lost during the Great Recession, compared to 52 percent in the rest of the economy.

"The travel industry is an indispensable source for quality American jobs, and a new report by Oxford Economics and the U.S. Travel Association analyzed more than three decades of data to find that travel jobs provide skills that translate into rewarding careers with higher pay and greater access to educational opportunities than many other industries."

U.S. Travel's first-of-its-kind jobs report, Fast Forward, is available here.

The U.S. Travel Association is the national, non-profit organization representing all components of the travel industry that generates $1.9 trillion in economic output and supports 14.4 million jobs. U.S. Travel's mission is to increase travel to and within the United States.  Visit www.ustravel.org.  Follow us on Twitter @ustravel
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Contact:

Cathy Keefe
(202) 408-2183
ckeefe@ustravel.org




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Also See: Study Shows Travel Jobs Offer Better Career Progression and Benefits; According to Data Collected by the U.S. Bureau of Labor Statistics (BLS) and Analyzed by Oxford Economics and the U.S. Travel Association / December 2012

U.S. Travel Industry to Add Nearly 100,000 Jobs by 2013 According to U.S. Travel Association Projections; Domestic Leisure Travel to Increase to Record High for 2013 / November 2012

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U.S. Travel Industry Continues to Help Drive Country's Economic Recovery; On Pace for Another Record-Setting Year with an 11% Increase Over 2011 / August 2012

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Congressional Hearing Highlights U.S. Travel Industry as Key to Future Economic Growth / May 2012

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Travel Industry Continues as One of the Prime Drivers of U.S. Economic Recovery; Travel-Generated Employment Adds 48,700 Jobs in Q1 2012, Contributing 6.1% of all Non-Farm Jobs Added During the Same Period / May 2012

Survey Shows Proposed San Mateo County, California Tax Hike will Discourage Travel to the San Francisco Bay Area, Severely Affecting Local Economy; Travel Industry Urges Local Residents to Vote No on Measures T, U and X / May 2012

Travelhorizons Report Offers New Insight on US Travel; While Recovery Continues for Business Travel Intentions, Americans Remain Tentative about Near-Term Leisure Travel Plans / April 2012

U.S. Travel Association President and CEO Testifies in Support of Jobs Originated through Launching Travel (JOLT) Act; Urges Expansion of Visa Waiver Program to Simplify Process for Visitors to the U.S. without Compromising Security / March 2012

Rossi Ralenkotter, CEO of the Las Vegas Convention and Visitors Authority, Calls for National Agenda to Strengthen Meetings Industry; Commences Term as Chair of the U.S. Travel Association / March 2012

Travel Employment Outpaces Rest of U.S. Economy by 34%; More than Half of the Travel Industry Jobs Lost During Recession Have Been Recovered / March 2012

U.S. Travel Association Launches 2012 Vote Travel Campaign; Plans to have a Significant Presence at the Upcoming Political Party Conventions and Host Nationwide Rallies and Events to Raise Travel Industry Profile / January 2012

U.S. Travel Association Analysis Shows Travel Employment Rebound in December with the Travel Industry Creating Jobs at a Faster Rate than the Rest of the Economy / January 2012

U.S. Travel Association Issues Statement on President Obama's Jobs Speech / September 2011

U.S. Travel Association Discusses Impact of 9/11 on Travel Industry; Releases Principles for Building a More Secure and Efficient U.S. Travel System / August 2011

Analysis of Labor Department Report Shows that the Travel Industry Accounts for More than 1 in 10 Jobs Created in 2011; Travel Jobs Continue to Increase for Eighth Consecutive Month / August 2011

U.S. Travel Association Releases Comprehensive Analysis Proving Tourism Promotion Campaigns Increase Visitation Resulting in More Jobs, State and Local Tax Revenue / July 2011

U.S. Travel Association Releases New Research Results Showing 49% of Travelers Alter Plans Due to High Travel Taxes; Launches Travel Tax Institute / April 2011

Roger Dow, President & CEO of the US Travel Association, Awarded the Spirit of Hospitality Award at Destination & Travel Foundation Dinner / February 2011
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