labor projection
Latest Data: Coronavirus to Cause 5.9 Million Travel-Related Job Losses Before May
U.S. Travel Association | March 24, 2020
Data Picture Has Gotten Considerably Worse in Past Week Washington (March 24, 2020)—Revised projections show a worsening impact of the coronavirus on the U.S. economy: a loss of 5.9 million jobs by the end of April due to declining travel, according to data released Tuesday by the U.S. Travel Association and Tourism Economics. The figures indicate that the economic damage from the public health crisis is accelerating: a similar analysis released last week forecast 4.6 million jobs lost to travel declines before May. "The coronavirus crisis is hitting the travel economy hard, and it's also hitting fast," said U.S. Travel Association P...