Motion Picture Industry Loses 14,000 Jobs in December

Craig Bannister
By Craig Bannister | January 10, 2014 | 11:36 AM EST

Despite reports of a record year at the box office and a decline in the national unemployment rate (from 7.0% to 6.7%), the U.S. motion picture industry lost 14,000 jobs in December of 2013.

According to today's U.S. Bureau of Labor Statistics (BLS) release:

"Employment in information fell by 12,000 in December, driven by a decline in the motion picture and sound recording industry (-14,000). Employment in information was essentially unchanged over the year."

Seasonally adjusted, motion picture employment was also down 22,600 jobs from the same month in 2012.

As the BLS notes, the drop in motion picture employment drove down employment in the "Information" sector.

Ironically, while motion pictures are categorized as "Information," Hollywood's top-grossing movies in 2013 included a "Hobbit," and "Iron Man," a "Man of Steel," and the futuristic fantasy "Hunger Games" sequel.

AP notes that Hollywood's record take in 2013 is due to higher ticket prices, not an increase in the number of tickets sold.