TUCSON, Ariz. (KOLD News 13) - According to the U.S. Travel Association, almost 4 in every 10 jobs lost to the pandemic since February 2020 were in the Leisure and Hospitality industry.
According to the organization, the 49,000 jobs created in the industry this year in January are actually ‘disappointing’ and a major sign of the lingering effects of COVID-19 in the job market. A recent analysis of the association says the real underlying story is the 61,000 jobs lost by the industry in the past month.
And other numbers underscore the dire situation in Leisure & Hospitality compared to the rest of the U.S. jobs economy:
- The 23% of Leisure & Hospitality jobs lost since February 2020 is nearly double the industry with the next-worst job loss rate (mining and logging, 12%).
- Leisure & Hospitality’s 39% share of all U.S. unemployment is three times that of the industry with the second-biggest share (government, 13%).
- The 16% current unemployment rate in Leisure & Hospitality is almost three times the overall U.S. unemployment rate (6%).
“The math is pretty easy. The U.S. economy won’t get back on track until the Leisure & Hospitality sector is back on track, and that’s going to take aggressive policy actions,” said U.S. Travel Association President and CEO Roger Dow.