U.S. Airlines Contribute to October Positive Job Numbers

By Anna Breuer on 3 November 2018
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IMG_9645The U.S. economy added 250,000 jobs in October, well above estimates, and the airline industry says that it contributed to the positive numbers.

The unemployment rate stayed steady at 3.7%, the lowest level since December 1969 according to the Labor Department report released on Friday.  In addition, wages were up 3.1%, the first time that this figure has been above 3% since April 2009.

Meanwhile, the airline industry reported that October was the 58th consecutive month where there was an increase in the number of workers.  The U.S. economy has added jobs for 97 straight months, beginning in October 2010 under then President Obama.

Combined, passenger and cargo airlines employ 720,000 workers, a 2.9% year-over-year increase and the highest figure since 2000. The average wage was $89,000 in 2017, 46% higher than the average for the private sector.

The airline industry applauded the Labor Department’s report.

“Airlines connect the world like no other industry can, and they are putting America to work,” said Rebecca Spicer, a senior vice president at Airlines for America, the trade association representing most major U.S. airlines.

(Photo: Accura Media Group)

Accura News

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