Investors were disappointed by this morning’s Bureau of Labor Statistics report, which showed an addition of 169,000 non-farm jobs nationwide in August — fewer than expected, even though it dropped the unemployment rate to 7.3% from July’s 7.4% and 8.1% a year ago. But Hollywood didn’t help: The seasonally adjusted number of jobs attributed to “motion picture and sound recording industries” fell 22,200 vs July to 366,300. That’s also down from August 2012 when the motion picture jobs number came in at 376,800. By contrast, in broadcasting (not including the Internet) seasonally adjusted employment was up by 500 to 268,000 while publishing fell 1,200 to 726,500. The decline in the overall unemployment rate is attributable both to the increase in jobs, and a drop in the number of people who are looking for work. The percentage of civilians in the market fell to 63.2% in August from 63.4% in July.
Hollywood Employment Falls 5.7% In August: Report
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