Jobs grow faster in the travel industry than anywhere else in the economy.
January 27, 2012- A recent report says that travel and tourism related jobs increase faster than other sectors of the economy. As the overall economy starts to improve, the number of travel and tourism jobs increases.
In the first six months of 2011, the travel sector of the U.S. added on average, 16,000 new jobs per month. During the second six months of 2011, the average per month of new jobs in travel was only 2,000 per month. Overall, since the end of 2009 the travel industry has added more than 224,000 jobs.
The report says that employment in the tourism and travel industry increased 50% quicker in 2011 than employment in all other areas of the economy. The Labor Department in the U.S. reported that the travel industry in 2011 added 119,000 jobs or nearly 7% of all the new jobs created in 2011.
The travel industry creates jobs at a rate of 2.9% compared to the rest of the economy that produces them at only 2%, since March of 2010.
Because of this, President Obama recently announced an easing of restrictions on visas to the U.S. in order for more travelers to visit thus creating more jobs in the economy. Obama’s decision pleased everyone in the travel industry.
Dollars received through tourism are very beneficial to the gross national product in the U.S. The travel industry helps a number of different areas in the economy including hotels, restaurants, car rentals, airlines, entertainment and more.
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