contraction

The second quarter growth - the fastest pace in nearly two years - followed a contraction earlier this year.

“At a time when America’s film and television industry is still struggling due to globalization and industry contraction, further unnecessary job losses only make a bad situation worse,” the statement read.

Business surveys indicate that activity in the sector is in contraction.

On Friday, the Bureau of Labor Statistics issued jobs numbers showing a contraction of the labor market in July, a first since the depths of the pandemic in 2020.

And contractions in television and film production in-state has slowed, hitting below the line crew members represented by International Alliance of Theatrical Stage Employees.