Hollywood sheds 17,000 tasks in August in the middle of strikes

Hollywood sheds 17,000 jobs in August amid strikes

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Actor Karen Brown strolls the picket line with fellow SAG-AFTRA stars and Writers Guild of America authors in front of Paramount Studios in Los Angeles, July 17, 2023.

Mike Blake|Reuters

Hollywood’s labor force is taking a hit as the double strikes by stars and authors drag out.

The movie, television and music sectors shed an integrated 17,000 tasks in August, “reflecting strike activity,” the U.S. Bureau of Labor Statistics stated Friday early morning.

In contrast, the U.S. economy included 187,000 tasks throughout the month, stimulated by development in the healthcare, leisure and building markets. It topped the 170,000 tasks anticipated, according to Dow Jones.

The task losses for the movie and sound recording markets highlight one impact of the Writers Guild of America and SAG-AFTRA strikes, which started in May and mid-July, respectively. In the months because, numerous significant movies and reveals halted or covered production early.

Hollywood’s huge work blockage has likewise had an extensive impact on other sectors such as hospitality and property, costing California’s total economy an approximated $3 billion up until now. Hollywood’s striking authors and stars are working out with tradition studios for much better pay as streaming and the hazard of expert system impact their payment.

Last month, authors’ union WGA stated it got a brand-new proposition from the Alliance of Motion Picture and Television Producers, the body representing significant studios such as Netflix, Disney and Amazon, to resume talks.

It followed weeks of stalemate and sluggish development.