. Travel Industry Employment Reaches Record High | Successful Meetings

Travel Industry Employment Reaches Record High

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Employment in the travel industry reached an all-time high in October, according to the U.S. Travel Association, which on Friday published an analysis of the U.S. Department of Labor's latest jobs report. According to the analysis, travel employment in October was 8.027 million.

"The travel industry has been among the most reliable job generators in the U.S. economy, adding jobs in 51 of the 60 months during the past five years and 800,000 jobs overall since the Great Recession. That's more jobs than the entire manufacturing sector has created," U.S. Travel Association Senior Vice President for Research and Economics David Huether said in a statement. "The travel industry has also created jobs at a 40 percent faster pace than the rest of the economy during the current expansion. One of the main reasons that the travel industry has been creating jobs faster than the rest of the economy is that travel is more export-oriented, more labor-intensive, and more immune to offshore outsourcing than other sectors of the economy. Every $1 million in travel exports supports more than six U.S. jobs in the travel industry, which is three times more than the number of jobs supported by $1 million of agricultural exports."

U.S. Travel used the employment results to send a message to the new Republican Congress elected during last week's mid-term election.

"Coming out of Tuesday's ground-shifting election, President Obama said he'd look to work with Republicans on three specific issues: infrastructure improvement, boosting exports and job creation. Washington need look no further than the travel industry to check all of those boxes," Huether continued. "Passing existing proposals, such as renewal of the Brand USA tourism promotion agency, would be terrific first steps for the new Congress."


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