U.S. Travel Says Industry Can Help Cut Jobless Rate

David Huether, senior vice president of economics and research at the U.S. Travel Association, provided analysis of today's Labor Department employment report and underscored the importance of attracting more foreign visitors to the U.S.as a way to increase jobs for Americans.

"Employment in the travel industry edged down 3,000 in May 2011, the first monthly decline in six months. Still, over the past year, travel jobs increased by 107,200, which accounted for 12.3 percent of the 870,000 U.S. jobs added overall during this period,” Huether said.

"With the domestic economy appearing to decelerate in the second quarter, reliance on exports will play an even more critical role in keeping the recovery ongoing and create job opportunities for Americans. Last year, foreign travel in the U.S. supported 931,000 jobs directly in the U.S. travel industry and another 856,000 jobs in other industries. And through the first quarter of this year, travel exports were up 8.7 percent from 2010, a good sign that this key job creator is continuing to grow.”

"Attracting more foreign visitors to the United States will play an important role in creating job opportunities for U.S. workers across America. However, the U.S. is in strong competition with other global markets, which is why the U.S. Travel Association recently put forth a plan to create 1.3 million domestic jobs by making the U.S. a more-competitive export market in global travel,” Huether said.

Visit www.ustravel.org.

Read more on:

Suggested Articles:

The company also announced a number of new marketing, travel protection and group booking tools at the Ascend Conference in Valley Forge. Here’s a look at what…

California Governor Gavin Newsom has signed AB5, a California bill that redefines how independent contractors are treated in the state, into law with an…

The latest Travelhorizons survey conducted by MMGY Global Travel Intelligence found that Americans are increasingly interested in immersing themselves in other…