The US Labor department’s report of the employment performance of the industry in December 2012 were analyzed and commented upon by David Huether, Senior Vice President of Economics and Research at the US Travel Association. He mentioned that after a consistent performance for 12 months, the travel industry have shown signs that it may be slowing. Job creation was ebbed by an absolute number of 2900 during the last month of 2012. Although one month cannot be considered as a trend, this can still be considered as a sign. The performance of the travel industry has however been exemplary during 2012 when it was responsible for the creation of more than 81,000 jobs.
When compared to other industries such as educational services, real estate, utilities, construction, mining and information, the travel industry have added more jobs, growing at a better rate than the overall average of the economy. The industry currently employs more than 7.6 million Americans and creates 14% more jobs than the other industries. In fact so spectacular has been the performance of the travel industry that it has already recovered more than 61% of the jobs that were lost during the great recession compared to that of only 54% by the other industries.
Travel industry supports a middle-class style of living for a huge number of Americans. In fact a report by US Travel suggests that the travel industry is one of the top ten employers for middle-class wage-earners in the United States. More than half of the Americans employed in the travel sector earn equal to or more than a middle-class paycheck.