Travel Employment Down in July

The U.S. economy added 162,000 jobs in July, bringing the national unemployment rate down to 7.4 percent. Unfortunately, while the rest of the economy added jobs, the travel industry lost them, according to the U.S. Travel Association, which last week released an analysis of the U.S. Department of Labor’s July jobs report.

According to the analysis, the travel industry lost 9,000 jobs in July, after 10 consecutive months of job growth.

“However, one month does not make a trend, and overall, the travel industry has added jobs at a faster rate this year than last,” points out U.S. Travel Senior Vice President of Research and Economics David Huether. “The travel industry has, on average, created more than 12,000 jobs a month thus far in 2013, which is 50 percent more than the average gain of 8,000 travel jobs per month in 2012. Travel jobs have made up more than 6 percent of total jobs added in 2013.”

Moreover, Huether says, travel industry employment has outpaced the broader U.S. economy for each of the past three years. “Since early 2010, the travel industry has been a significant source of employment growth for the economy by adding almost a half million jobs,” he continues. “Moreover, the increase in travel industry jobs has outpaced that of the rest of the economy, making up 92 percent of the jobs lost during the recession compared to 77 percent of jobs for the rest of the economy.”

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