Economy Recovery Growth
The pace of economic rebound may have peaked in 2021 is above the average global growth continues to grow well into 2022. The emergence of covid lockdowns saw peaked annualized growth for the U.S. 6.7 percent and U.K. 23.6 percent in the second quarter including the Eurozone 9.3 percent. Japan’s growth rate was anticipated by economists to arise to the fastest pace of the year4.1 percent in the final quarter in 2021. Only half of the world’s biggest 45 economies accounting for 88 percent of the world economy are expected to slow in 2022 says, Schwab. Inflation pressures are likely to ease over the course of the year including some of 2021’s shortages may turn into gluts into the second half of 2022. Many finished items in short supply now become widely available once the inputs including chips arrive. Auto manufacturers were building partially completed cars storing them until final inputs arrive for completion. It may be the same case for other consumer durable goods including gaming consoles and phones in 2021. This framework suggests finished output could take off when key components become available to manufacturers in the industry going into 2022. While shortages can create problems, gluts can be worse. The risk of a supply glut in 2022 pulling down stock prices and depressing inflation could be one of the biggest risk factors for investors adapting to the economy.
The total employment in the U.S. economy is projected to grow 15.6 million during the 2012-2022 decade to reach 161 million representing a 10.8 percent employment increase. Some of the fasted projected growth fields will occur in healthcare support, construction, and personal care fields. The economic recovery period is going through a process of economic adaptation changing with current circumstances using technology to advance careers in 2022. The Bureau of Labor Statistics issues monthly jobs tallying the number of jobs added to the economy including the sector of professional category highlights popular career options. These jobs might be tied to yearly salaries or monthly wages earned by employees though those are just one aspect of income that will enhance the economy. Americans might draw an income from portfolio income from investments, dividends, and capital gains profit from sales of assets. Social media is helping fuel the global economy creating new jobs breaking down borders to reach new audiences across the globe. Social interactions networking can shape many aspects of social and economic activity including migration of trade, job seeking, investment behaviors, product purchasing decisions including trends in social mobility that occurs when a person changes occupation.
Moving into 2022 the National Automobile Dealers Association NADA anticipates new vehicle sales of 15.4 million units sold representing an increase of 3.4 percent from 2021. “The major theme for new vehicle sales in 2021 was constrained inventory,” says NADA chief economist Patrick Manzi ” The coronavirus pandemic and microchip shortage and production cuts significantly constrained new car and truck inventory at dealerships across the country. Constriengths further led to suppressed new vehicle sales as well as used vehicle inventory, shortages, and increased vehicle prices.” Auto sales account for one-fifth of retail spending in 2022. Setting cars aside retail sales still advanced a strong 3.3 percent last month. At a 6.8 percent micro level inflation is a major concern for most consumers in November 2021 as inflation hit year over year measured by the Consumer Price Index (CPI). The increase marks the highest 12-month increase since 1982 with indexes for shelter, food new vehicles, gasoline are among the largest contributors. Price levels are expected to remain elevated through at least the second quarter of 2022 as the economy continues to recover despite waves of worries emanating from covid-19 including inflation, shortages, and rate hikes.
An estimated 2.95 billion people were using social media worldwide in 2019 and the number is projected to increase by approximately 3.43 billion active users in 2023 leading the way to expand new networking opportunities globally. Cloud computing is the on-demand availability of computer system resources including data storage stored in logistical pools said to be “on the cloud”. Sprout Social index 2020 reports 68% of consumers to prefer to engage with images, while 58 percent want to engage with videos 30 percent of surveyed participants like text-based posts. Internet network has gained momentum with communication between all devices integrating people, process with technology continues to modify as innovation continues to change in 2021 helping to establish the economy. Facebook is the largest social media platform online has evolved over the years has 1.9 billion daily active users who access the Facebook platform a 6.89 percent increase year over year. Facebook is the largest social media platform globally at 2.85 billion monthly active users worldwide followed by YouTube 2.3 billion, and WhatsApp Facebook Messenger, WeChat, all bringing over billions of active users. The availability of free information on social media platforms affects the economy through data in 2022 as more companies build their brand online.
The job sector is a professional category that describes most careers in the United States like health and education in 2022. They are important to the overall economy because they educate people improving the overall goodness of the working population. The main job sectors in the US are information technology, healthcare, Real Estate Development, Retail Education, and Government positions. Information technology helps advance the country toward modern technological improvements helps advance economic growth in 2022. Indeed is the number one site in the world with 250 million unique visitors each month in 2022. Indeed strives to put job seekers first giving people free access to job search queries. research companies and post resumes connecting people with job opportunities. Innovation availability of high-capacity networks on storage devices led to the widespread adoption of hardware computing platforms virtualization led to the growth of the cloud computing sector. The U.S. Labor Statistics reported employment growth continued in Lesure, Hospitality, in both professional and business services including retail trade, warehousing, and transportation in 2022. Today the Breau of Labor Statistics reports that the American economy added 467,000 jobs in the month of January 2022 and the unemployment rate was at 4 percent rate not significantly changed since December 2021.
Moving to the cloud reduces hardware costs, lowering business expenses opens the door to increased security, and productivity enables you to do more with less operating expenses. Internet trends exceeded expectations creates more opportunities for direct integration of the physical world into computer-based systems. Technology has progressed in recent years enabling more efficiency in the workplace as innovation is at the forefront of the economy recovering. The number of IoT devices has increased 31 percent over one year to 8.4 billion in 2017. Reports indicate there will be 35.82 billion IoT devices installed worldwide by 2021 predicted to reach 75.44 billion by 2025. The digital economy index measures inflation on what people are buying in the digital world in the US, Uk, and Japan. As part of that measurement purchasing power of the US online dollar has increased by nearly 23 percent over the passes 7 years in the US and 5 percent within the past year in the UK. Key insights from the digital economy index are updated monthly indicators of what consumers are purchasing online for various goods. Data matters knowing purchase power parity consumers can learn the best times to buy a product like TVs, electronics, and groceries often affect the economy.
Shopping online has become popular among consumers who are interested in purchasing products on demand in 2022. Companies are embracing new technology to build a business reaching global proportions using the internet as a primary tool of choice. Digital shoppers in the United States increased to 209.6 million as consumers browse, research, and purchase products online at astounding rates. The digital economy index helps everyone get an in-depth look at the global economy and what it means for businesses including consumers around the world says Adobe Amazon accounted for 44% of all economic sales in the United States indicators of relevant shopping patterns among adults. On average Millinals now make 54% of purchases online due to the convenience of shopping on-demand instantly downloading a digital product or having products shipped directly to their location to receive deliveries. E-commerce online promotion has become a predominant marketing method for most companies who want to sell products in the online retail sector in 2019. Shopping online estimated projections are expected to reach 230.5 million in 2012 positioning the United States in the forefront of os sales. People shop online to compare prices, research products to effortlessly find the best deal saving the consumer valuable time boost the economy purchasing online in 2022.
Businesses recognize the importance of developing a customer base online for economic growth saving consumers time and money with a convenient shopping experience. According to Comscore 2019 has been a crucial milestone for e-commerce and retail industries 2019. Online spending continues to grow as consumers are now able to buy on demand. Digital products exist in digital form including ebooks, videos, digital music, subscriptions, online games, and virtual goods that are easily purchased then downloaded to a computer or mobile device. Amazon invests heavily across the United States. Since 2021 they have made more than 350 billion dollars in investments in corporate offices, cloud infrastructure, customer fulfillment, wind, and solar farms, eco-friendly equipment, and machinery. Amazon is a multinational technology company based in Seattle Washington that focuses on e-commerce services selling products and services to consumers worldwide. Half of the items sold on the Amazon marketplace are from small to medium size businesses sold globally. Entrepreneurs reach hundreds of millions of customers around the world building their businesses successfully building the economy in 2021. The Amazon Effect on the U.S. Economy AMZN is everywhere in 2022 distributing the way people shop has created an economic ripple online effects go way beyond the consumer’s wallet.
Amazon is the largest shopping online retail website in the United States reported earning of 10.07 billion earnings in 2018 with annual revenue of US 232.887 billion an increase of 30 % over the previous fiscal year. Large e-commerce sellers use Amazon to sell their products in addition to selling products on their own website as part of a marking strategy. Amazon leases space for retailers, sales are processed through Amazon.com and end up at individual sellers for processing fulfillment of orders. Businesses are taking full advantage of the Amazon marketplace selling physical or digital products gaining worldwide exposure to boost the economy. Small sellers of products go to Amazon Marketplace offers goods to consumers at a fixed price allowing small businesses new opportunities for growth. Amazon’s website offers a wide variety of products for shopping online and subscription services for consumers who want to shop on-demand using the convenience of the internet. Business recognizes the importance of promoting products through online retailers or using affiliates to sell products for a commission generating an income online to strengthen the economy. Digital products are created and sold online reaching global proportions selling ebooks, music, courses, movies, images, apps, and computer software. Shopping online has become one of the best resources available for consumers to boost the economy’s purchase power in 2022.
Cheers!
Patricia Lynn
Author of Business Today Pro. Providing the latest news and update information on business, online marketing, tech, how to make money online, how to make money with advertising, websites, blogging, affiliate marketing and much more…
