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August 15, 2018
Travel Employment Rises By a Solid 13,000 in July
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Travel Jobs up 41,900 Since April, Best Three-Month Performance in a Year and a Half
The Labor Department reported today that the economy added 157,000 nonfarm payroll jobs in July, while the unemployment rate edged down to 3.9 percent. Thirteen thousand of those jobs were in the travel industry, with gains seen in most of travel sectors including lodging, food services and drinking places (thatÕs governmentÕs official terminology) and amusements/gambling/recreation. After lackluster employment growth earlier in the year, an acceleration in travel job growth is mounting. July marked the third consecutive month that gains in travel employment topped 10,000, with the 41,900 jobs added since April being the industryÕs best three-month performance since January 2017.  This emerging trend is welcome news. The travel industry has outpaced the rest of the private sector in terms of job growth every year since the Great Recession. Copyright 2018 U.S. Travel Association. All rights reserved. From https://www.ustravel.org.
By David Huether, Senior Vice President of Research, U.S. Travel Association. |
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