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Good morning and welcome to Tuesday.
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⏰🚀 Ready, Set, Go: Today’s newsletter takes 4.34 minutes to read. (With the 360° view: +3.22 minutes.)
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👇📰 Quick Bits
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💼 Welcome to Jobland
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🎁 DONUT Headline: Job openings are at a record high – or at least the highest since record-keeping began in 2000.
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🤓 Stats are for cool kids… The number of available positions rose to 10.1 million during June from an upwardly revised 9.5 million in May, according to a Labor Department report published yesterday.
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Around 3.9 million people voluntarily quit their job, up from 3.6 million in May. Both numbers are above pre-pandemic levels.
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Hiring rose to 6.7 million from 6.0 million in May, the second-largest increase ever (aka since record-keeping began in 2000).
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Leisure and hospitality showed one of the highest levels of job openings at more than 1.6 million. Health care and social assistance had 1.5 million openings.
“Labor demand keeps getting stronger. This is the third straight month of record-breaking job openings,” Indeed Hiring Lab director of research Nick Bunker told CNBC. “This wave of demand will eventually recede, but job seekers should ride it until then.”
🔄 On the flipside… Around 9.5 million people were unemployed in June. To be counted as unemployed, a person must be available and looking for work.
📅 Fast Forward: Separately, July’s jobs report was released by the Labor Department on Friday. (Not confusing at all, right? The difference has to do with how data is collected.)
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According to that report, employers added 943,000 jobs to payrolls in July, the best increase in 11 months. Unemployment also fell from 5.9% to 5.4%.
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Per economists, those could be signs that businesses were increasingly able to fill open jobs this summer. 👇
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🌐📲 5G For All of Thee: The Consumer Side
Image: Barcroft Media/Getty Images
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🎁 DONUT Headline: Telecom giants are gearing up 5G ad campaigns after a roughly year-long shift caused by the pandemic.
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Get ready to experience a resurgence of 5G marketing, pandemic willing. Wireless giants AT&T and Verizon shelved marketing campaigns last year advertising why customers should upgrade to 5G, and seem to be ramping efforts back up.
📜 The backstory… When the pandemic hit, consumer priorities changed. With no commutes or events to attend, consumers no longer cared about slow cell speeds and no service in crowds, checking instant gambling odds in stadiums, or downloading massive files on the go. (The promises of 5G.)
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The telecom giants switched to mainly marketing home internet speeds and services as school and work shifted almost exclusively online – but priorities appear to be changing.
“We almost lost the year,” said David Christopher, EVP of partnerships & 5G ecosystem development for AT&T told CNBC. “But now, people are excited to get out of their homes and experience 5G in the wild. We will dramatize use cases that matter to customers.”
📊 Lay of the land… AT&T, Verizon, and T-Mobile (which merged with Sprint) combined own 82% of the U.S. mobile market.
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Industry trade group GSMA estimates telecom operators will spend $712 billion on 5G networks over the next five years.
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The global 5G market is currently $41 billion and is expected to grow to $665 billion by 2028.
🤔 Behind the strategy… Both AT&T and Verizon offered promotional pricing this year on 5G phones in a bid to transfer customers as fast as possible to 5G networks — not just to recoup the costs of building out the updated networks, but also to stop customers from defecting to T-Mobile.
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T-Mobile tends to offer the cheapest prices among the big three. It also tops both Verizon and AT&T in download speed and 5G availability, according to Opensignal’s July 2021 5G User Experience Report.
🔭 Zoom out: The battle for 5G dominance is in its infancy, and telecom giants have an uphill battle to climb with consumers, empirically speaking. A J.D. Power survey last year found only about a quarter of wireless subscribers believe 5G will be significantly faster than current 4G tech, and only 5% of respondents said they’d be willing to pay more for 5G service.
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🍩 DONUT Holes…
Artist’s rendering of the habitat; Image: NASA
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☝️ NASA is taking applications for four people to live inside a 1,700-square-foot Martian habitat - created by a 3D-printer - at the Johnson Space Center in Houston as the agency prepares to send astronauts to Mars.
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🏛️ Congressional Democrats released a $3.5 trillion budget reconciliation blueprint. (From the Left | From the Right)
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🏫😷 The Dallas Independent School District will require students and teachers to wear masks, defying an order by Gov. Greg Abbott (R) barring schools from issuing mask mandates. (From the Left | From the Right)
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⚖️ Alleged Jeffrey Epstein victim Virginia Roberts Giuffre filed a lawsuit against Prince Andrew on Monday accusing him of sexually abusing her when she was a minor. | Epstein's victims fund paid out nearly $125 million to around 150 individuals after concluding its claims process yesterday. | Today marks two years to the day since he was
found dead in a NY prison cell.
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🌉 London's Tower Bridge became stuck open yesterday due to a technical fault.
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💉🎖️ The Pentagon will require all active-duty members of the military to be vaccinated against COVID-19 by Sept. 15. (From the Left | From the Right)
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🔥 The Hot Corner
Artist’s impression; Image: Adobe Stock
💬 Heard Through the Grapevine… "It was essentially just a skull with a long neck, bolted on a pair of long wings. This thing would have been quite savage. It would have cast a great shadow over some quivering little dinosaur that wouldn't have heard it until it was too late." – University of Queensland researcher Tim Richards, after analyzing the jaw bone of a pterosaur, a flying reptile that lived 105 million years ago.
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☝️ Richards described the dinosaur as the “closest thing we have to a real-life dragon.”
🔢 Stat(s) of the Day... NBC said the Tokyo Games were the network's lowest-rated Summer Olympics ever, drawing an average of 15.5 million prime-time TV viewers over its 17-day run.
📖 Worth Your Time… The Seas Are Rising. Could Oysters Protect Us?
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🗣👂 Dose of Discussion
🌎 Global Warming 'Unequivocally' Caused By Humans, IPCC Says
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🎁 DONUT Headline: The Intergovernmental Panel on Climate Change (IPCC) published a review of current climate change research linking global warming to human activities and predicting future increases in temperature.
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A new UN-sponsored review of climate science stated, for the first time ever, that it's "unequivocal that human influence has warmed the atmosphere, ocean and land."
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The report is the first major international assessment of climate-change research since 2013, and draws from a three-year analysis of 14,000 peer-reviewed scientific studies.
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It marks "the strongest statement the IPCC has ever made," according to Ko Barrett, IPCC vice chair.
🤿 A deeper dive... Atmospheric carbon-dioxide concentrations were higher in 2019 than at any time in at least 2 million years, and the past 50 years saw the fastest temperature increases in at least 2,000 years, according to the IPCC report.
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The panel also said human-induced climate change is "already affecting many weather and climate extremes in every region across the globe" in the form of heatwaves, heavy precipitation, droughts, and tropical cyclones.
👁️ Looking ahead... The IPCC examined how long it will take the world to reach a temperature warming target of 1.5°C (2.7°F) compared to preindustrial levels, and determined that could happen between 2030 and 2035.
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The panel narrowed the "very likely" range of global warming by the end of the century to between 3.6°F and 9°F (from 1.8°F to 10.8°F in its 2018 report).
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The "likely" range is now between 4.5°F and 7.2°F (previously 2.7°F to 8.1°F).
The report suggested limiting human-induced global warming to a specific level is possible, but it requires reaching at least net zero CO2 emissions along with strong reductions in other greenhouse gases.
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🛸🌄📲 Calling from the Future…
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🧊 Play It Cool
Image: SkyCool
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🎁 DONUT Headline: A company called SkyCool Systems is working to reduce greenhouse gas emissions by providing an alternative to traditional air conditioning systems.
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Although air conditioners are intended to keep things cool, the greenhouse gases they emit while operating in intense heats can contribute significantly to climate change.
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To lower the temperature while also being environmentally conscious, SkyCool Systems has turned to Planet Earth for a lesson in cooling.
"Our planet naturally cools itself by sending heat out in the form of infrared light or radiation," said Eli Goldstein, SkyCool's co-founder and CEO.
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To harness this process, called radiative cooling, SkyCool designed a system of rooftop panels consisting of optical film reflecting 97% of the sunlight that hits them (basically the opposite of solar panels), thus cooling the surface below them.
Since the panels don’t require external power to function, they help the entire cooling system use less electricity.
Keep reading.
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🤗 Daily Dose of Positive
🏥 A Miraculous Transformation
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Image: People
Six-year-old Nagalem Haile was born in a small Ethopian village with a tumor on her face called a vascular malformation.
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After it grew to nearly an entire pound on the left side of her face, doctors were worried the quickly expanding tumor would eventually interfere with her ability to swallow and breathe.
Nagalem and her family lacked access to proper medical care in their village – without electricity or running water, it was clear the young girl needed outside help to remove the growth.
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A team of U.S officials met Nagalem in Africa last year and set out on a quest to save the young girl’s life.
Keep reading.
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💡 Dose of Knowledge
🏆 He Chose... Wisely
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What is Indiana Jones' real first name?
A) Harold
B) Henry
C) Hank
D) Harry
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(keep scrolling for the answer) |
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🍩 Share The DONUT
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Access exclusive rewards and even an all-expenses-paid round trip to Austin, TX, just for sharing this newsletter.
Simply:
1. Copy your unique referral link.👇
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3. Watch the rewards roll in.
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Ambassador Rewards and Progress → |
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💡 Dose of Knowledge Answer
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B) Henry
The college professor and adventurer's full name is Dr. Henry Walton Jones, Jr.
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🍩 Daily Sprinkle
"The ability to hold two competing thoughts in one's mind and still be able to function is the mark of a superior mind."
–F. Scott Fitzgerald (1896-1940)
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