(Bloomberg) -- U.S. Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier.
About 50.9 million Americans will journey 50 miles or more from home for the Nov. 22-Nov. 26 holiday period, the ninth consecutive increase and a 3.3% jump over a year earlier, AAA said in an emailed report. About 45.5 million will travel by automobile, up 3.2%. Air travel will rise 5% to nearly 4 million.
The expansion in holiday travel comes as the U.S. economy is expected to expand 2.7% in the fourth quarter, according to a survey conducted by Bloomberg News. The U.S. unemployment rate dropped in October to 4.1%, the lowest level since 2000, according to the monthly jobs report.
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