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Travel jobs leap ahead as sector out-performs economy

April 8, 2014 Headline News, Statistics & Trends No Comments Email Email

egtmedia59The extraordinary resilience of the travel industry as a job generator has been demonstrated spectacularly in the US, where latest figures show the travel industry has added jobs at a rate 19% faster than the rest of the economy, with salaries soaring past USD 81,000.

The travel industry now employs 7.9 million Americans, more than ever before.

The addition of 7000 travel jobs in January, plus a substantial upward revision of previous data, shows the travel industry reached its pre-GFC employment level in October 2013, and now stands 11% above the pre-recession employment peak of February 2008.

The figures are revealed in the latest US labour report.

“We’ve always known that travel had the tools to outperform most of the economy even in very troubled times, so it’s not a surprise that we’ve reached this mark while industries such as construction, manufacturing, real estate and finance are far from fully recovered,” said David Huether, US Travel’s senior vice president for research and economics.

“We had long suspected we would get back to pre-recession levels before the end of 2013, and lo and behold, the data revisions show we got there in October.”

Travel-related jobs are notable for their quality as well as quantity. The average maximum salary for someone who started their career in the travel industry is USD 81,900—significantly higher than other industries – and two in five of those go on to salaries in excess of USD 100,000 per year.

“This latest data leaves little room for doubt: travel is a job-creating powerhouse,” said US Travel President and CEO Roger Dow. “It’s nice to have reached this milestone, but there is much more we can do to build further upon this record of success. We’re excited about the possibilities our industry holds for the U.S. economy and workers.”

Travel supports 14.6 million American jobs, directly employs one in eight Americans across key job sectors – including transport, hotels, restaurants and entertainment venues, among others.

Written by Peter Needham

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