On Friday, the US Bureau of Labor Statistics released a new employment report which showed that the strikes by both script writers and actors in Hollywood has eliminated 45,000 jobs since May.
According to the report’s calculations, the strikes eliminated 7,000 jobs from the nation’s film and TV sector in September, on top of the 17,000 jobs which were lost in August.
The strikes were launched on May 2nd by the Hollywood union the Writers’ Guild of America (WGA), and in mid-July they were joined by the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA). The strikes were launched as the unions demanded increased pay, higher royalties, and a framework establishing the role artificial intelligence would play in the motion picture industry.
Most Hollywood productions have shutdown due to the strikes, which as of early September were reported to have cost the US economy as much as $5 billion due to effects they have had not just on the movie-making industry, but also the other businesses which it supports.
In late September, the WGA called off its strike after it successfully attained many of its goals in negotiations with the studios, such as seeing better regulations implemented on the use of artificial intelligence, increased minimum wages and pensions, superior health fund rates and residuals, and more.
The strike by the actors unions is still ongoing, with the latest round of negotiations Friday failing to produce a deal. Talks resume on Monday.
Analysts predict productions in Hollywood will swiftly resume once the SAG-AFTRA strike comes to a close, with some already having returned to work following the end of the writer’s guild strike. Though they are quick to add that it is unknown whether the job losses which the strikes have produced will remain, especially in related businesses, given some business owners have reportedly been forced to either shutdown, or relocate to other areas in search of work.