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Expand chart
Data: Telstra Ventures; Map: Danielle Alberti/Axios

Businesses based in Columbus, Ohio, are the most friendly to fully remote positions, followed by San Diego, Phoenix, St. Louis and San Francisco.

Why it matters: Even as many employees hope to continue to work remotely after offices reopen, not all businesses are on board.

By the numbers: Telstra Ventures analyzed 371,000 jobs posted between April 1 and June 30, 2021.

  • About 13.2% of New York City-based businesses offer permanently remote positions to new hires. That's below the national average of 14.2%.
  • Other major cities: About 12.6% of new job postings are remote-friendly in Los Angeles. In Washington, D.C., the number is 12%, Atlanta is 9.1% and Seattle is 8.1%.
  • Houston is the least remote-friendly city, with only 2.8% of jobs posted being remote.

Venture-backed companies nationally tend to be more open to remote jobs and have quickly ramped up their embrace of remote work, per the analysis.

  • At the end of June in 2019, 1.6% of job postings by VC-backed firms were remote options, compared with 0.5% of non-VC-backed posts.
  • At the same point in 2021, 15.4% of job postings by VC-backed firms were remote, versus 9.1% for non-VC-backed firms' postings. The overall rate is 13.7%
  • Legal, sales and engineering jobs tend to be the top job types for remote positions at VC-backed firms.

Go deeper

Ben Geman, author of Generate
Oct 27, 2021 - Economy & Business

The green venture capital surge

Data: PitchBook; Chart: Will Chase/Axios

Climate tech startups raised nearly $13 billion in the third quarter across over 200 deals, making 2021 a record VC year already with months to go, per new PitchBook analysis.

Driving the news: Electric transportation received the most investment. Third-quarter deals include the U.S. electric vehicle company Rivian's $2.5 billion fundraise and Chinese battery firm Svolt's $1.6 billion haul.

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.