L.A.'s 'creative economy' contracted in 2018 despite growth in digital media. A new report cites job losses in fashion and toy manufacturing.
Despite a boom in television and digital media production, employment in Los Angeles’s so-called “creative economy” shrank in 2018, buffeted by long-term job losses in the fashion and toy manufacturing industries, a new report says.
The employment decline was led by a long-term contraction in the region’s fashion industry, including apparel and cosmetics manufacturing, which fell 3.8% in 2018 versus 2017, the report states. Creative goods and products, which includes toy manufacturing and industrial design, dropped 1.6%.The job losses come as manufacturers continue to outsource more work to China and other lower-cost countries.
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