In August, Hollywood lost 17,000 jobs in the film, TV, and music sectors due to ongoing strikes by actors and writers. This is contrasted with the overall US economy, which added 187,000 jobs during the same month. The strikes by the Writers Guild of America and SAG-AFTRA have led to the halting or early completion of several notable productions, impacting not only the entertainment industry but also sectors like hospitality and real estate. The strikes are centered around negotiations for better pay as streaming and artificial intelligence threaten their compensation. Talks between the unions and major studios have recently resumed after weeks of deadlock.
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