The Bureau of Labor Statistics has just released a report that paints a grim picture of the job situation for the motion picture and sound industries, Variety reports.
“Preliminary statistics from the BLS show that employment in those two industries has dropped to 298,000 in August — marking the first time in the past decade that the number has dropped below 300,000, and representing an 8% decline from 324,600 jobs in August 2013, and a 19% slide from 366,300 jobs in August 2012,” Variety reports.
The story adds: “The monthly numbers began edging down in the latter half of 2013 to under 350,000, then slid to 329,900 in December. The figure slid to under 320,000 in February and plunged in May to 302,900.”
Variety notes that the report comes at a time when a number of layoffs are in the works.
“On Sept. 4, Warner Bros. Entertainment CEO Kevin Tsujihara told the studio’s 8,000 employees that layoffs were coming at every level,” the story reports, adding: “The industry has been hit by a sharp decline in domestic box office, with summer business generating the poorest total in eight years. Additionally, production incentives outside the U.S. have continue to lure producers to use international locations.”
The numbers are not broken out for specific industries in the BLS report.