In L.A., showbiz isn't grow biz
EmptyAs a Los Angeles County industry, entertainment is one of the largest employers, but growth will significantly lag others this year. That's one reason a report released Wednesday gave motion picture and TV production a C-, one of the lowest grades among all major export industries.
The production industry employed 157,800 people in L.A. County last year but will drop this year to 151,800, according to a report from the Los Angeles Economic Development Corp.
The 3.8% year-over-year negative growth rate puts entertainment second from the bottom among major industries, only ahead of construction, which will see a 6.6% drop in employees.
The better news from the LAEDC's midyear report is that growth in the entertainment industry is expected to return next year as the industry makes up for the labor unrest that has hampered it this year.
In 2009, the industry is expected to directly employ 159,700 people in L.A. County, 5.2% more than this year.(partialdiff)