Job Growth and Moon Metal

Grind for June 14th
“There are many ways of going forward, but only one way of standing still.”

– Franklin D. Roosevelt

Good News

The Headline

Federal report: there are more jobs available than workers

The Grind

Remember when candidate Donald Trump promised us ‘jobs, jobs, and more jobs?’ This week, the US Labor Department announced a wide gap between the number of available jobs and the number of unemployed Americans looking for work.

At the end of April, there were roughly 7.5 million unfilled positions and 5.8 million people looking for work.

This is the largest margin between jobs and unemployment we’ve seen since 2000.

The unemployment rate under President Trump is also historically low at 3.6%. Compare this to Obama’s 5%, which in reality was closer to 7% because he didn’t count the people who had given up trying to find a job.

The Details

Federal data also suggests a small uptick in the civilian labor force participation rate – which means more able-bodied Americans are working.
As the number of available workers continues to decline, so does the rate of hiring. On average, US employers added 164,000 jobs each month this year (compare to 223,000 per month in 2018).

“The Number 1 issue our franchises are having right now is they cannot find enough qualified labor to meet the demands,” says Jeff Wall, who owns a home improvement company in Cincinnati. “Everybody’s fighting for the same labor pool at this point, whether it’s new housing starts or remodelers or people in the trades.”

Like other businesses looking for workers, Mr. Wall’s company decided to raise wages and expand benefits to attract labor.

And that’s great news for employees.

Out Of This World

The Headline

Scientists discover giant chunk of metal deep inside the Moon

The Grind

A team of astronomers at Baylor University this week detected a “large excess of mass” beneath the surface of the Moon.

“Imagine taking a pile of metal five times larger than the Big Island of Hawaii and burying it underground,” says lead researcher Peter B. James, Ph.D.

The Details

Researchers discovered the mass while studying changes in the strength of gravity at different points around the Moon. Computer simulations suggest the mass is part of an asteroid that remained after impact, but we don’t know for sure.

“We did the math and showed that a sufficiently dispersed core of the asteroid that made the impact could remain suspended in the Moon’s mantle until the present day, rather than sinking to the Moon’s core,” said James.

A second theory suggests the mass is a concentration of dense oxides left over from the process by which the Moon’s molten surface solidified.

The unexplained mass is located directly beneath Aitken basin, a gigantic crater located on the dark side of the moon.

The basin – thought to have been formed about 4 billion years ago – is “one of the best natural laboratories for studying catastrophic impact events,” explains James.

According to the team’s measurements, the mysterious mass is pulling the basin’s floor down by more than half a mile; the mass itself extends to depths of more than 186 miles.

Did you know… In the year 1054 AD, there was an explosion in the sky so bright that it was visible for 23 days straight, even during the day.