Strikes Lead to 17,000 Job Losses in Hollywood during August

Strikes Lead to 17,000 Job Losses in Hollywood during August


Actor Karen Brown walks the ‌picket line with fellow SAG-AFTRA actors and Writers Guild of America writers in ⁣front of Paramount Studios in Los Angeles, July 17, 2023.

Mike Blake | Reuters

Hollywood’s labor pool ⁣is​ taking⁢ a hit as the ​dual ‍strikes by actors and⁢ writers drag on.

The ⁤film, TV and music sectors shed a combined 17,000 jobs in August, “reflecting‍ strike activity,” the U.S. Bureau of Labor ‍Statistics said Friday‍ morning.

In contrast, the⁤ U.S. economy added 187,000 jobs during the month, spurred by growth in the health care,​ leisure and construction industries. It topped the 170,000 jobs forecast, according to Dow Jones.

The job ⁢losses for the motion picture and sound recording industries underscore one effect of the Writers Guild of America and SAG-AFTRA strikes, which began⁣ in May and mid-July, respectively. In the months since, several notable films and shows halted or wrapped production early.

Hollywood’s massive work stoppage⁤ has also had a widespread effect on other…

2023-09-01 17:03:38
Link from www.cnbc.com

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