U.S. Loses 20K Jobs but Some Are Merchants of Misfortune

Employers cut another 20,000 jobs in April, the Department of Labor reported today. The reduction, while smaller than expected, marks the fourth straight month of job losses in the U.S., as many companies fight to stay in the black in a weakened economy. The unemployment rate now stands at 5 percent, down slightly from 5.1 percent last month.

(ABC News Photo Illustration)
More Photos

The construction, manufacturing and retail sectors led the nation in payroll cuts.

As those industries continue to struggle, certain businesses and professions are thriving, and the slump is what's driving them.

Some are less obvious than others. Take, for instance, the video game industry. Conventional wisdom dictates that during tough times, consumers cut back on the extras in life, including entertainment. While movie ticket and DVD sales have flagged, it's been a banner year so far for video game makers.

Related

Rising Prices Boost Consumer Spending

Fed Slices Rates Again: Down .25%

PHOTOS: Imprisoned Exec's Mansion for $14M

How Is the Economy Treating You? Tell ABC News

In the first three months of the year, the video game industry logged more than $4.2 billion in sales, an increase of just under $1 billion from the same period in 2007, according to NPD Group, a New York-based market research firm.

The video game industry has seen huge sales so far this year.

One of the factors behind the boom is consumers' desire to get more value for what they spend on entertainment and recreation, according to said David Riley, a director at NPD and a gamer himself

If you're "going to a bar with friends and spending $8 on a cocktail -- after five or six cocktails, you're broke. It's hard to justify, especially in this economy," Riley said.

In contrast, he said, a $60 game can bring up to 100 hours of enjoyment.