Music, Film Industries See Drop in Employment
The motion picture and sound industries have lost over 30,000 jobs since January and are now projected to be under 300,000 in the U.S., according to the Bureau of Labor Statistics.
The BLS projects that employment in the two industries, covering the production and distribution of motion pictures and sound recordings, fell to 298,000 in August, down from just over 330,000 at the beginning of the year and amounting to an 8% decline since last August and 19% in the past two years.
Because of how the data is compiled and parsed by the BLS, specific numbers for the sound recording and film and video production industries isn't available for individual analysis.
The report indicates that employment numbers remained steady and in the 340-350,000 range until December 2013 when figures dropped down to 330,00 and continued to plummet.
For those still working, the average hourly earnings among all employees in the sub sectors are actually up YoY, from $27.50 in July 2013 to $29.20 in July 2014.
The BLS report does not break down the statistics by industry, so it's unclear how much of the drop in employment is for film and how much is for sound.