The ongoing Writers Guild of America and SAG-AFTRA strikes have resulted in a monthly decrease of 17,000 jobs in Hollywood.
BLS data showed a monthly decrease of 17,000 jobs in the motion picture and sound recording industries, reflecting recent strikes by Hollywood writers and actors.The monthly figure shows the effect the dual strikes, which began earlier in the summer, are having having on employment as the writers and actors push for better compensation.
Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America writers in front of Paramount Studios in Los Angeles, California, July 17, 2023.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.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 in mid-July, respectively. In the months since, several notable films and showsHollywood's massive work stoppage has also had a widespread impact on other sectors such as hospitality and real estate, costing California's overall economy anso far.
Last month, writers' union WGA said it received a new proposal from the Alliance of Motion Picture and Television Producers, the body representing major studios like Netflix, Disney and Amazon, to resume talks.
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