Tourism employment in the US motion pictures and performing arts sector stood at 23,000 units in 2023. Over the last decade, employment figures have shown significant volatility. Notably, 2013 experienced a substantial 35.71% increase, whereas 2017 saw a significant decline of 30.3%. Between 2015-2020, the figures somewhat stabilized but began a gradual decline starting in 2019. Over the last two years, employment has decreased marginally by about 4.17%. The five-year CAGR from 2023 to 2028 is forecasted at -1.8%, indicating a general downturn in employment within this sector.
Future trends to watch for include the impact of digital transformation on job roles within this sector. As technology continues to evolve, traditional roles may be supplanted by digital and remote production methods, further influencing employment figures. The ongoing shift towards streaming services and increased competition from global markets will also play a crucial role.
