Writer's Strike Cost Los Angeles Economy $2.5 Billion

Posted on February 19, 2008

The Associated Press reports that an estimate by Jack Kyser - chief economist of the Los Angeles County Economic Development Corp - says the writer's strike cost the local Los Angeles economy $2.5 billion.

The strike lasted for 100 days so that would be $25 million per day. The $2.5 billion estimate is actual a drop from Kyser's $3.2 billion estimate from last week.

Kyser is also concerned about a possible Screen Actors Guild strike according to a Washington Post story about his economic outlook report.

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