US travel job growth enjoys a solid streak as employment levels continue to rise

The US Travel Association believes we are again seeing an acceleration in travel job growth after a lacklustre start to 2018. The association calculated Jul-2018 was the third consecutive month that gains in travel employment topped 10,000, with the 41,900 jobs added since April being the industry’s best three-month performance since Jan-2017.


Summary:

  • US Travel Association reports acceleration in travel job growth after a lacklustre start to 2018;
  • The association calculates Jul-2018 as the third consecutive month that gains in travel employment topped 10,000;
  • Its findings mean the Apr-2018 to Jul-2018 is the industry’s best three-month performance since Jan-2017;
  • US Travel Association concludes the travel industry has outpaced the rest of the private sector in terms of job growth every year since the Great Recession.

Between May-2018 and Jun-2018 employment in the US travel job sector grew by more than 12,000 jobs each month, and the US Travel Association concluded the travel industry has outpaced the rest of the private sector in terms of job growth every year since the Great Recession.

Overall the US Labour Department reported the country’s economy added 157,000 nonfarm payroll jobs in July, while the unemployment rate edged down to 3.9%.

However, even as the travel jobs report shows encouraging trends, forecasts for international inbound travel to the US remain mixed. The association’s projections show international travel is projected to increase by approximately 2.2% through the remainder of 2018.  However, belying that forecast is a conclusion by the US Travel Association that the US “is well off the pace of long-haul travel worldwide, projected to increase 6% in 2018”.