"Holiday summer weekends are rare opportunities to generate revenue before the slow shoulder and low seasons begin," Kurt told WalletHub in the Labor Day report.
Assistant Dean of Global Education and Professor of Economics Mark Kurt was featured in recent survey from WalletHub on Labor Day consumer habits.
WalletHub’s survey found that 61% of people were less likely to travel during Labor Day this year. Kurt said this was a surprising finding considering the robust numbers in the labor market with expanded hiring, near record low unemployment and excess pandemic savings that have not yet been depleted.
“However, if there is a decrease in the number of people traveling, it will negatively impact smaller businesses, particularly in the hospitality, leisure and related industries,” Kurt told WalletHub. “Holiday summer weekends are rare opportunities to generate revenue before the slow shoulder and low seasons begin.”
Kurt also spoke about the finding that 23% of Americans surveyed by WalletHub are more concerned about job security compared to last year.
“It’s still a strong job market,” Kurt said, “In occupations where remote work is an option, being willing to work in-person or hybrid will give you an advantage relative to workers seeking remote-only positions.”