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Fortune
Fortune
Paolo Confino

Hollywood's strikes are bulldozing the economy to the tune of 17,000 jobs and forcing a major studio to cut earnings guidance by $500 million.

The cast and writers of the popular shows Breaking Bad and Better Call Saul. (Credit: Chris Delmas—AFP/Getty Images)

The four-month Hollywood strikes that pitted the studios against writers and actors have no end in sight. Meanwhile, the economy is suffering the consequences. 

In August, the entertainment industry, which includes the movie, TV, and music businesses, employed 17,000 fewer people than it did in the prior month, according to Bureau of Labor Statistics data. It’s a sign of the broad impact of the work stoppage, which has largely stymied studio production—not just on the striking workers themselves, but also the businesses like lighting and sound that support the Hollywood machine.  

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