Many Americans believe that job creation should be one of the most important priorities set by the government. During economic prosperity, unemployment rates generally decrease and during times of recession, rates increase. Unemployment can be affected by various factors including economic conditions and global competition.
Nation-wide unemployment was 3.5 percent as of July, 2022. The unemployment rate in the United States varies across states. The District of Columbia however, had an unemployment rate of 5.2 percent during the same time period.Ī person is considered unemployed if they have no job and are currently looking for a job and available to work. In July 2022, New Mexico and Alaska had the highest unemployment rates of any state in the United States at 4.5 percent. However, delivering newly ordered ships is still years away. Some of the carriers are using these profits to increase their carrying capacity by buying new containers and ordering new container ships. In the third quarter of 2021, main container shipping companies had an average profit margin of over 56 percent, up from about 8.5 percent a year earlier. Container ship operators have been reporting record-high operating profit margins since the beginning of the pandemic. While costs of operating a container fleet have increased, the surge in freight rates has not served just to cover rising expenses. Since the start of the pandemic, the shipping industry has had to struggle with port closures and congestions, labor shortages, difficulties with capacity utilization, as well as a lack of new shipping containers. Due to its complexity and transcontinental nature, container shipping was hit especially hard by the COVID-19 pandemic. The COVID-19 pandemic turned out to be an event of such a magnitude to either bring to halt whole industries and supply chains, or severely reduce their efficiency. that need to function properly for the whole system to work. The global supply chain is a fragile system consisting of numerous links and disruption to one can send cascading effects down the chain. In July 2022, the global freight rate index stood at almost 6,800 U.S. The year 2021 saw an especially steep increase in global freight rates, reaching a record price of nearly 10,400 U.S. Monthly container freight rate index worldwide 2019-2022Ĭontainer freight rates increased dramatically between January 2019 and July 2022. TikTok ranked in seventh place, with one billion monthly active users. As of 2021, Facebook was the most popular social media platform worldwide, with 2.89 billion monthly active users, followed by YouTube, WhatsApp and Instagram. TikTok still has a long way to go in terms of overall social media popularity. In fact, from 2017 to 2018, downloads increased by around 524 million. Although social media usage clearly increased due to the COVID-19 pandemic, this was not TikTok’s largest increase of year-on-year downloads. TikTok’s global number of first-time downloads of the app in 2021 was 740 million, down from 980.7 in 2020 and closer to 2019’s figure of 738 million downloads. Additionally, in the United States in 2021, women were more likely to use TikTok than men and were also more likely to be TikTok content creators. As of March 2021, the average Gen Z TikTok user was spending 10.46 hours on the video sharing app per week.Īlthough TikTok is very popular in the younger age groups, for all users of TikTok and Instagram, considerably more people used Instagram. Overall, 63 percent of Gen Z users used TikTok, 57 percent used Instagram and 54 percent used Snapchat on a weekly basis.
TikTok, Instagram and Snapchat are highly popular social media apps amongst Generation Z social media users, however, TikTok was the most used of all three platforms in 2021. Influencers Charlie D'Amelio followed closely in second position with 145.4 million followers and singer Bella Poarch ranked third, with a total of 91 million followers. At the end of June 2022, TikTok creator and comedian Khabane Lame officially surpassed dancer Charli D’Amelio as the most followed content creator on TikTok, with almost 150 million followers.
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