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☆ The decline of Hollywood in one chart
▼ + stars: | 2024-10-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

LA has seen a steep drop in its share of TV and film jobs compared with the rest of the US. The decline comes as labor costs have gone up and other locales have sweetened their incentives. In recent years, the area has lost some TV and film jobs as countries such as Canada and states like Georgia have become production hubs. Los Angeles is losing TV and film jobs to the rest of the US. 2 entertainment-job market in the US (after LA) also saw its share of film and TV jobs dip.

Persons: —, Patrick Adler, Taner Osman, Adler, FilmLA, Paul Audley, Otis Organizations: Industry, Service, Los Angeles, of Labor Statistics, Westwood Economics, Planning Associates, Otis College, Sound Recording Industries, Bureau of Labor Statistics, LA Locations: Los, Canada, Georgia, New York, Arizona, Kentucky, LA

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

☆ A lot of workers are out on strike right now. Here’s how that looks in the jobs report
▼ + stars: | 2023-10-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Are all of these workers missing from the US government’s monthly jobs reports? They are added back only when they return to work.”That means that in the September jobs report, United Auto Workers members on strike are counted as employed since the strike began on September 15, which was during the reference week. In contrast, the impact of the SAG-AFTRA strike, which began in July, showed up in some of the data that was included in the September jobs report. However, there’s another survey used to construct the monthly jobs report that asks individuals if they worked in a given week. If someone was on strike but earned money working a different way, like driving for Uber, during the reference period, they’d be counted as employed.

Persons: ” Cody Parkinson, Uber, they’d, ” Parkinson Organizations: New, New York CNN, Cornell University’s Labor, US, Bureau of Labor Statistics, BLS, CNN, “, United Auto Workers, SAG, Writers Guild of America Locations: New York, United States

☆ Moderate US job growth slowdown expected in September
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.

Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts

☆ Job growth surged in September
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The US added 336,000 jobs in September, greater than job growth in August. "It is a sign of stability, steady growth, and we are committed to making sure that all Americans share in the growth and prosperity." Leisure and hospitality saw robust job growth in September, with a gain of 96,000. Government employment soared by 73,000, with bigger gains in local and state government roles compared to the job growth for the federal government. After an increase in the unemployment rate in August as more people entered the labor force, the unemployment rate was 3.8% again in September.

Persons: —, Labor Julie Su, Nick Bunker, Julia Pollak, ZipRecruiter, Bunker, Daniel Zhao, Karin Kimbrough, Kimbrough, there's Organizations: Workers, Service, Bureau of Labor Statistics, of Labor, Labor, North America, Leisure

☆ US job growth sizzles; wage inflation cooling
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The report followed news this week that job openings jumped in August and first-time applications for unemployment benefits remained low in September. "Moreover, it underscores that they will be in no hurry to cut rates - higher rates for longer." The economy needs to create roughly 100,000 per month to keep up with growth in the working-age population. Monthly wage growth also remained moderate, with average hourly earnings rising 0.2% after a similar gain in August. But as fewer people quit their jobs in search of greener pastures, wage growth could moderate, though recent hefty union contracts pose a risk.

Persons: Elizabeth Frantz, Kathy Bostjancic, Lucia Mutikani, Andrea Ricci, Chizu Organizations: REUTERS, Federal Reserve, Labor Department, Financial, Treasury, Nationwide, Reuters, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Manufacturing, Labor, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, payrolls, Washington .

☆ Hollywood workers resort to flea markets, bake sales as strikes drag on
▼ + stars: | 2023-09-21 | by ( Lisa Richwine | ) www.reuters.com time to read: +6 min

[1/2] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Hollywood writers walked off the job in May, followed by actors in July. The motion picture and sound recording industries shed 17,000 jobs in August because of the strikes, according to U.S. government statistics. Writers and actors can apply for assistance from their unions, and some crew members are eligible for state unemployment benefits. In the meantime, stars including George Clooney, Dwayne Johnson and Meryl Streep have donated millions to Hollywood charities that assist industry workers.

Persons: Mike Blake, IATSE, Dejon Ellis, Kevin Klowden, Daniel Fox, Fox, Laura Seaman, Berry, Greg S, Tiffany Puterbaugh, Puterbaugh, I've, Gavin Newsom, George Clooney, Dwayne Johnson, Meryl Streep, Ellis, We're, it's, John Lithgow, Nicole Kidman, Andrea Tyler, Tyler, Lisa Richwine, Mary Milliken, Aurora Ellis Organizations: Writers Guild of America, Disney Studios, REUTERS, Rights, IATSE, Milken Institute, Star Wars, Hollywood, SAG, Netflix, Thomson Locations: Burbank , California, U.S, Rights BURBANK , California, Los Angeles, Hollywood, California, Georgia, New Mexico

☆ Hollywood sheds 17,000 jobs in August amid ongoing strikes
▼ + stars: | 2023-09-01 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) 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. In contrast, the U.S. economy added 187,000 jobs during the month, spurred by growth in the health care, leisure and construction industries. 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.

Persons: Karen Brown, Dow Jones Organizations: SAG, Writers Guild of America, Paramount Studios, U.S . Bureau of Labor Statistics, WGA, Alliance, Television Producers, Netflix, Disney Locations: Los Angeles , California, U.S

☆ The US jobs market stayed strong in August
▼ + stars: | 2023-09-01 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Truck transportation also saw employment fall by 36,700.Leisure and hospitality saw a job gain of 40,000 from July to August. From wage growth to an increase in labor force participation, various data points suggest the US labor market is still strong. There were 8.8 million job openings in July after 9.2 million in June, according to new Job Openings and Labor Turnover Survey or JOLTS data released by BLS earlier this week. "We expect this labor market rebalancing to continue," Powell said. "Evidence that the tightness in the labor market is no longer easing could also call for a monetary policy response."

Persons: Jerome Powell, Lydia Boussour, EY, Boussour, Nick Bunker, Bunker, it's, Julia Pollak, Pollak, Jonathan Fisher, Fisher, Powell Organizations: payrolls, Service, SAG, Bureau of Labor Statistics, Labor, BLS, North America, Washington Center for Equitable Growth Locations: Wall, Silicon, Jackson Hole , Wyoming

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