Wednesday, May 8, 2013

Employment at A Glance

The U.S. Tourism Industry determines to a large extent the Economy of the United States of America. The effects of tourism in the United States economy indicates how important the tourism industry is in America. Contribution of travel and tourism industries have a huge impact on the US tourism industry itself. These industries encompass the real estate industry, entertainment industry, hospitality industry and transport industry, etc.

US tourism industry suffer setback after 9/11 attacks: In 2000, things were looking up for tourism industry but not for long. Tourism and travel related employment drastically declined by about 160,000 jobs. Due to the slow nature of the economy and the terrible 9/11 attacks in 2001, the US tourism and travel industry took some major setbacks.

US tourism industry and employment at a glance: According to article by Economy Watch, around 5.6 of the employment in the non farming section in the US was from the travel and tourism industry as of 2004. Food sector consisted of the major employment generating segment creating as many as 2.4 million jobs in the year 2004. The lodging/hotel employed as many as 1.2 million individuals. Approximately 1.1 million jobs came from the segment belonging to the entertainment industry. International or overseas travel yielded about 69,500 job opportunities in 2003 through 2004. This figure implied the first ever escalation in the job opportunities after 2000, and the set back after the attacks in 2001.




EconomyWatch. "Economy Watch - Follow The Money." US Tourism Industry. EconomyWatch, 30 June 2010. Web. 08 May 2013.

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