News for the Hospitality Executive |
May
6, 2013 - 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. 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. Follow us on Twitter @ustravel |
Contact: Cathy Keefe U.S. Travel (202) 408-2183 [email protected] |