While the Oscar celebration is in full swing around Los Angeles, here's good news that job numbers in the entertainment industry are trending upward when compared to the past four years.
Yet out-of-state production continues to be a concern and the industry has not returned to pre-recession highs.
Entertainment Job Numbers
More than 4,600 jobs were added in 2012, a gain of 3.7% from the previous year. There was a total of 129,700 entertainment industry jobs in 2012.
That's the largest number in four years but remains below the peak in 2004 where there more than 132,000 entertainment industry jobs.
Those figures come from the Los Angeles Economic Development Council.
Production Days in Los Angeles
Motion picture execs are still concerned about the number of on-location filming days in the greater LA area and the out-of-state movement.
Most major studio features are now filmed outside California and a significant number of TV dramas were shot out of state, according to news from Film LA.
Last November, Paramount Executive Lee Rosenthal said there were no major features being shot on the Paramount lot in Hollywood.
Commercial production in Los Angeles is on the rise, due in part to the number of web-based commercials being shot.
The California Film & Television Tax Credit Program is designed to offer tax incentives to keep major productions in the Golden State. The program is currently closed with a "very long waiting list," according to the California Film Commission.
The tax credit program will re-open for the new fiscal year on June 3, 2013.
But today, forget the concerns over entertainment industry employment in Los Angeles and enjoy the Oscars—while it's still being presented in the City of Angels.