Low Jobs blamed for porn industry decline Juliana da Costa José --Juhu

Low Jobs blamed for porn industry decline Juliana da Costa José –Juhu

Porn industry shutdown blamed for bad US jobs figures

The pornographic film industry is under fire again: this time as the reason for the staggering employment decline in the motion picture and sound industry. A survey by the Labor Department found that jobs in the motion picture and sound industry plunged with a loss of 22,200 jobs in the month August. This number is the largest monthly decline since employment data was first recorded in 1990.

While these industries represent a large part of the entertainment business it is the porn industry that is being blamed for the avalanche of job losses in the last month. In August the pornography industry was temporarily shut down due to an H.I.V scare. This hiatus occurred around the same time that the Labor Department conducted this study. Many are skeptical. For starters, even in the best of times it is unlikely that the pornographic film industry can employ 22,200 people. It is estimated that the industry generates about 10,000 annually. So while the hiatus in the industry may have contributed to the monthly job losses, it cannot be the only factor.

Regardless, this sector had the biggest losses last month and since an additional porn actor has recently been diagnosed with H.I.V, many are worried that the production in the porn industry may be halted again.

It used to be that decreases in the unemployment rate were measures of jobs being created. Sadly, in the Obama economy it is an indication of despair as more and more unemployed drop out of the job market. In the United States, if a person is not collecting unemployment benefits, they are not counted in the labor pool.

Arguably, some of the decline is due to the aging baby boomer demographic as workers shift from collecting paychecks to social security pension income. That is still not enough to account for the decline in the labor participation rate.

August Jobs Report Further Reveals Declining Job Market

The August jobs report showed that 169,000 jobs were added but the total labor participation rate declined to 63.2% which is the lowest on record in 34 years. While at face value, 169,000 jobs looks moderately impressive, bear in mind that during the peak of the Reagan years, there were 500,000 jobs being added monthly in the economy in a population about 25% smaller than it is now.

In addition, the July jobs figure was lowered from 162,000 to 104,000. This sets the stage for the looming budget battles between Obama and the GOP-controlled House of Representatives later this year. Also, speculation is rife that the weak jobs report will keep the Federal Reserve buying up US debt that other nations are unwilling to finance.