Travel industry leading in job growth

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The travel industry is cruising into economic recovery, creating jobs 16 percent faster than other sectors, the U.S. Travel Association reports.

The Bureau of Labor Statistics October report shows unemployment at 7.9 percent and that the economy added 171,000 jobs last month.

Of those jobs added, 6,000 were travel jobs.

David Huether, senior vice president of economics and research at the U.S. Travel Association, said the latest numbers show that the travel industry has created 296,000 jobs since December 2009, adding jobs in 29 of the past 34 months.

“This data shows the travel industry has recovered 59 percent of the jobs lost during the Great Recession,” Huether said. “By comparison, the rest of the economy has recouped just 51 percent of the jobs lost.”

He added that the travel industry has created jobs at 16 percent faster pace than the rest of the economy since the overall employment recovery began in March of 2010.

“The travel industry is twice as export intensive as the rest of the economy and supports millions of middle class jobs that cannot be outsourced,” he said.  “These unique qualities have made the travel industry a top performer in the current recovery.”