The U.S. economy added 150,000 jobs in October, much less than the previous month, while the unemployment rate was steady at 3.9%.
While some of the biggest job losses were in manufacturing due to the auto-workers strike, the entertainment industry continued to shed employees, with the loss of 5,000 motion picture and sound recording in the sector, according to the Bureau of Labor Statistics. The industry has lost 44,000 jobs since May, at least partly due to the strikes. The WGA approved a new contract earlier in the month, but SAG-AFTRA negotiations continue with studios.
More to come.