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Film and TV Business Sheds 17,000 Jobs in August as Strike Impact Hits Hollywood Labor Force

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The U.S. government's Bureau of Labor Statistics released the number in its August employment report.

The disclosure was released as part of the BLS’ August employment report. The report saw the U.S. unemployment rate rise from 3.5 percent to 3.8 percent, but saw job growth come in much better than expected, with a net gain of 187,000 jobs, led by the health care, leisure and hospitality, and construction sectors. The rise in the overall unemployment rate was due to about 700,000 people entering the labor force.

Beyond the striking workers, the impact of the strikes has led to layoffs at other businesses in Hollywood, including at production companies, talent agencies, and businesses that have traditionally relied on the Hollywood studio system for their income.

 

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