Travel and hospitality continue to be leaders in job creation

The U.S. Travel Association said that the travel and hospitality industries (including restaurants) have made up 99% of the jobs lost during the recession of 2008-09, compared to 86% for the rest of the economy.

David Huether, U.S. Travel's senior vice president for economics, said that 11,000 travel jobs were added in December and accounted for 15% of the country's employment gains last month.

The travel industry added more jobs in 2013 (119,000) than in 2012 (97,000), while the economy overall created fewer new jobs in the past 12 months.

“Since the overall employment recovery began in early 2010, the travel industry has been adding jobs at a 9% faster rate than the rest of the economy,” Huether said.

He added that the travel industry is 5,000 jobs shy of the pre-recession level.
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