Number Of Broadcasting Jobs Has Fallen 27% Since 1990
June 10, 2016 at 3:59 AM (PT)
It's unfortunately no surprise to the readers of NET NEWS that job cuts, reductions in force, or whatever you want to call them, have been a part of the radio industry for some time now. Now, the data to back that up is available from the U.S. BUREAU OF LABOR STATISTICS, which show substantial job shrinkage over the past quarter century,
RADIO WORLD reports, "broadcasting jobs fell about 27% from 1990 through early this year, according to data accumulated by the government bureau. There were 118,700 radio broadcasting jobs in 1990 compared to 86,800 through MARCH 2016, the most recent month available," adding "radio experienced a notable drop in jobs during the Great Recession, which the U.S. DEPARTMENT OF LABOR considers the period from late 2007 through early 2010. The industry shed nearly 20,000 jobs within three years."
The BUREAU OF LABOR STATISTICS doesn't see things getting much better, with the median annual wage for announcers at $30,080 in MAY 2015, adding employment of announcers is projected to decline 11% from 2014 to 2024.