Travel Employment Reaches New Record High in July 2015
August 10, 2015 7:25am
"The travel industry continued to propel the economy forward in July, adding 13,400 travel jobs to reach a new record level of over 8.1 million. Travel continues to be a consistent job creator and strong contributor to the U.S. economy, adding jobs 17 of the last 20 months and 53,600 jobs so far this year. That's more than the 49,000 jobs added by the entire manufacturing sector so far in 2015.
"Since the employment recovery began, the travel industry has added 869,200 jobs and has outpaced job growth in the rest of the economy by 32 percent.
"One of the reasons the travel industry has been adding jobs faster than the rest of the economy: international trade. Earlier this week, the Commerce Department reported that the trade deficit expanded by over five percent in June to $43.8 billion. The expansion of the trade deficit came mostly from a surge of imports, which grew by nearly $2.8 billion during the month of June. Exports also declined for the second consecutive month, this time by $100 million.
"Meanwhile, travel exports remain strong at $18.7 billion in June, falling only slightly from May. Travel receipts--spending in the U.S. by foreign travelers--increased to an all-time high of $15.4 billion in June.
"Travel exports as a whole, however, have performed better than other goods and services exports in the first half of 2015. Whereas total goods and services exports have fallen 2.9 percent, travel exports have expanded by 1.3 percent compared to the first half of last year. As a result, travel exports have accounted for nearly 10 percent of all U.S. goods and services exports during the first half of 2015."
Tags: travel employment,
u.s. travel association
Contact: Cathy Keefe
(O) 202.408.2183, (C) 703.899.7031
Contact: Jamie Morris
(O) 202.218.3621, (C) 530.545.9274
U.S. Travel Association President and CEO Roger Dow Says Addressing Falling Inbound Travel Needs to Become a National Priority
Travel Trends Index: Domestic Leisure Travel Withstands Harvey and Irma
Travel Trends Index: Slight Uptick Across All Travel Segments
U.S. Travel Statement on New Travel Restrictions
Portions of Travel Trends Index Revised Sharply Downward on New Data
U.S. Travel Association Presents Florida Governor Rick Scott with Distinguished Leadership Award for Commitment to Travel and Tourism
Louisiana's Kyle Edmiston Wins 2017 State Tourism Director of the Year
Workers Who Start in Travel and Tourism Achieve Higher Peak Salary Than Most Industries
Marriott's Arne Sorenson and STR's Randy Smith to Be Inducted into U.S. Travel Hall of Leaders
Travel Trends Index: Int'l Travel to U.S. Continues Strong Showing Post-Executive Order
U.S. Travel Trends Index: International Travel Post-Executive Order Stronger Than Expected
U.S. Travel Industry Rallies Behind Brand USA
Travel Trends Index: International Inbound Travel Shows Signs of Weakness
Wyndham Hotel Group’s Geoff Ballotti Named U.S. Travel National Chair
Travel Trends Index: International Travel Unexpectedly Strong to Start 2017
U.S. Travel Reacts to Trump's Joint Session Address
International Travel to U.S. Finally Returns to Pre-9/11 Levels
Travel Trends Index: Following a Strong 2016, Outlook Improves for Domestic Biz Travel
U.S. Travel Welcomes Senate Confirmation of Rex Tillerson for Secretary of State
U.S. Travel Association Lauds Elaine Chao Confirmation for Secretary of Transportation
Please login or register to post a comment.