YouTube launched a research Wednesday saying that the “creator economic system” spurred by its large video service helps the equal of 394,000 full-time jobs within the US and contributed $20.5 billion to the US gross home product final 12 months. The research, performed by impartial advisory agency Oxford Economics, was commissioned and paid for by YouTube.
For context, the complete US workforce had 124 million precise full-time employees on the finish of 2020, in line with the US authorities’s Bureau of Labor Statistics. The US complete gross home product in 2020 was about $21 trillion, in line with the US authorities’s Bureau of Financial Evaluation.
Google-owned YouTube, which has at the very least, is the world’s greatest on-line video operation.
The research additionally disclosed inside YouTube knowledge that greater than 38,000 US channels had at the very least 100,000 subscribers and that greater than 5,000 channels had at the very least 1 million subscribers as of the tip of final 12 months.